What are your company’s offerings?
Frigate is on a mission to ‘Make Manufacturing Easy’ for our customers. We act as a stop spot for heavy, light engineering fabrication and precision parts manufacturing. We serve customers from EPC, energy and infrastructure, OEMs & ODMs sectors through our certified ‘Frigaters’ (manufacturing partners) across India and SEA. Furthermore, we provide best-in-class manufacturing with our revolutionary AI-enabled cloud manufacturing platform.
How is Frigate supporting the development of the Indian MSME sector?
The company has proven to be a reliable partner for OEMs and product companies. Having broad experience in working with multiple manufacturing units across all domains, we are confident in deriving a realistic timeline to get our customer’s requirements manufactured and delivered to their doorstep. We ensure all due diligence is in place, right from ISO certifications, calibration protocols and raw material testing following global standards. Using the Frigate platform provides OEMs a single point and transparent destination for all outsourced production needs. This includes end-to-end tracking right from order confirmation to doorstep delivery with real-time status updates. With the help of Frigate, Indian MSME manufacturers can leverage our brand presence to get more orders to augment the under-utilised capacity. Our company can support such manufacturers with new opportunities in the current vertical they are specialised in, as well as support upcoming verticals like EVs and renewable energy. We do upfront and ontime payments, raw material support, & technology support, while manufacturers can focus on their core strengths.
Can you brief us on the growing demand for on-demand custommanufacturing services for OEMs and SMEs?
On-demand manufacturing allows our customers to produce only what they need; it eliminates unnecessary overproduction or underproduction. We eliminate the need for our customers to maintain a large inventory. Combined with our custom manufacturing service, OEMs and SMEs can work with us starting from prototypes to production. We can do either small- or large-scale manufacturing based on our virtually unlimited capacity through Frigater’s network.
Brief us on any recent funding you received leading to market upliftment?
Our domain experience and subject expertise helped us raise $185k in an oversubscribed pre-seed round from eminent industry leaders, angel investors and many other like-minded investors. Our investors have unflinching trust in our vision and immensely helped us in our journey to ‘Make in India for the Globe.
How do you foresee your company in the upcoming months?
We are rapidly growing to reach a revenue target of $10 million by the end of FY 2024. Furthermore, we want to position ourselves as the mechatronics manufacturing experts in that space and are planning to establish a full-fledged consumer electronics manufacturing facility by next year. When it comes to growth plans, we are looking forward to a team size of 100, office spaces/sales offices in Chennai, Hosur, Pune, Bhilai, Gurgaon & Ahmedabad. In addition, we are looking forward to sales offices in the USA, Europe and UAE. We will also be onboarding atleast 1000 manufacturers across India and SEA to cater to our customers’ growing manufacturing demands.