/indianstartupnews/media/agency_attachments/s1FnhAYONODoxNkoC8xA.png)
Follow Us/indianstartupnews/media/media_files/WA5g6583jFbgUqmanOcP.png)
Frigate Founders
B2B cloud manufacturing platform Frigate has raised $1.5 million in a Seed funding round led by Arali Ventures, with participation from Capital-A, Java Capital, and other strategic angel investors.
The Tamil Nadu-based startup said it plans to use the raised capital to expand its digital manufacturing ecosystem to serve its global customer base.
Founded in 2021 by Dr. Tamizhinian Vasanthan, Karthikeyan Prakash, Chandrasekar C, and Iniyavan Vasanthan, The startup offers a comprehensive suite of manufacturing services to medium and large-scale companies worldwide.
It specializes in executing projects within the New Energy & Power, Infrastructure, EV sectors, and Automotive industries, with a focus on Heavy Fabrication, Sheet metal, Castings, Forgings, and Injection molding.
Tamizhinian Vasanthan, the Founder & CEO of Frigate, stated that the company provides Manufacturing-as-a-Service to global customers, offering competitive pricing, shorter lead times, and high-quality manufacturing. Frigate is seen as an extended supply chain partner, assisting customers from New Product Development to Mass production. The company is helping overseas customers interested in the China +1 policy to establish a manufacturing base in India.
Frigate claims to have partnered with over 200 manufacturing partners known as "Frigaters" located in Tier 2 cities across India.
Arun Raghavan, managing partner at Arali Ventures said, “The manufacturing sector from India has significant tailwinds driving it forward. The B2B manufacturing business is poised now, like the IT services were in the late 90s.” He further said, “Original Equipment Manufacturers (OEMs), especially in new age industries, across the globe are looking for long-term partners who will help them build out their vendor development, contract manufacturing partners and supply chain capabilities. The Frigate team with its manufacturing, new product development and operations management capabilities is best suited to execute this, going forward.”
According to the company's statement, the startup is strengthening its team across India and globally to support business development, supply chain management, technology, and finance.
Also Read: