What’s the news?
B2B cloud manufacturing startup Frigate has secured $1.5 million in its seed funding round led by Arali Ventures. The round also saw participation from Capital A, Java Capital, and other strategic angel investors. With this investment, Frigate plans to expand its digital manufacturing ecosystem and serve clients worldwide. The funding will also support team expansion across various verticals in India and globally.
About Frigate
Frigate, founded in 2021 by Tamizhinian Vasanthan, Iniyavan Vasanthan, Karthikeyan Prakash, and Chandrasekar C, operates as a B2B cloud platform offering manufacturing services to medium and large-scale companies globally. The startup helps businesses transform digital designs into physical products, eliminating concerns about delays or finding vendors. It primarily serves clients in industries such as new energy and power, electric vehicles, infrastructure, and automotive.
The Tiruchirapalli-based startup leverages AI-based technology to match demand with supply, streamlining the entire process from sales to fulfillment. It collaborates with approximately 200 manufacturing partners in Tier-II cities like Coimbatore, Hosur, and Jamnagar to utilize their spare capacity and meet customer demands.
CEO Tamizhinian Vasanthan stated, “Frigate provides manufacturing-as-a-service to global customers, offering globally competitive pricing, better lead time, and best-in-class manufacturing with quality… Frigate is helping overseas customers who are looking at China+1 policy to set up a manufacturing base in India.”
This funding round follows Frigate’s pre-seed round, where it raised $185,000 in April the previous year. In the B2B cloud manufacturing space, Frigate competes with domestic players like Zetwerk, Nexprt, Groyyo, and CapGrid. The global cloud manufacturing market is projected to reach $206 billion by 2031, and India, with its cost-effective and reliable alternatives, is likely to attract increased interest from companies worldwide amid the geopolitical tensions between the US and China.