Quintrans is a deep tech engineering startup with headquarters in Pune, and it has raised $750K in a very important pre-seed round. This is a huge capital injection to fast-track the company to come up with highly advanced India-made direct-driven linear motion systems. These are high-performance systems that are designed specifically to be used in critical applications in industrial automation and robotics, as well as equipment manufacturing industries. The successful fundraise confirms the engineering-first mindset of Quintrans and its vision of offering high precision, locally produced solutions in the fast-growing Indian industrial sector.
A well-known venture company, Capital-A, led the pre-seed financing round, indicating high institutional confidence in the core technology and business model of Quintrans. A wide range of investors, including high-profile people and established players in the investment ecosystem, also participated in the round strategically.
RR Global also benefited from its partnership with other key players, such as Sumeet Kabra, who brought in a wide range of industry experience and financial support. Additionally, the round was also invested in by SanchiConnect, the company specializing in matching startups to resources, as well as AIC-Pinnacle.
The source of funding was also encouraged by a partner that already invested in the business, IIMA Ventures, which highlights their never-give-up attitude towards the business and its development since their first cooperation. It is this combination of institutional and individual investors that will offer Quintrans the financial runway and strategic mentorship needed to scale its deep tech operations.
Quintrans has already indicated its plans on how to use the proceeds of the $750K in proceeds, which were heavily geared towards expanding its core competencies and preparing to roll out the entire commercial rollout. A substantial part of the capital will be channeled towards setting up a strong in-house manufacturing and sophisticated testing plant in Pune, according to a press release by the company. This investment is essential in assuring the quality, reliability, and precision needed in the engineering products of deep tech and will be the center of production of the company.
The money will be deployed to pursue vigorous Research and Development (R&D), especially in the multifaceted area of electromagnetic actuation. It will involve increasing the level of R&D to sustain a competitive advantage and continually enhance the functionality of their direct-drive linear motion systems. The capital will be critical in developing the core group of engineering and operations workforce, which will be crucial in bringing the R&D and manufacturing capacity onto a successful and scalable commercial implementation.
Quintrains was founded in 2021. Quintrans can be described as a deep-tech engineering company focused on creating and developing direct-drive electromagnetic linear motion systems specifically designed to be used in the industrial industry. Four individuals, Pranay Luniya, Kartik Kulkarni, Aniruddha Atigre, and Prasanna Kadambi, started the company as a team. Their combined knowledge is diverted into producing a technology that has unique performance benefits compared to conventional systems.
The fundamental technology designed by Quintrans is aimed at producing frictionless, high-speed, and ultra-precise movement. The applications of these capabilities are in high demand in the major industrial markets such as robotics, warehouse automation systems, and other manufacturing industries. The Pune-based startup is keen to highlight the idea that its integrated design and manufacturing approach is beneficial in such a way that it introduces certain advantages to their customers, i.e., unlocking cost efficiency, enabling customized deployments depending on particular industrial requirements, and offering guaranteed service support of their niche systems.
The strategic focus of Quintrans is well-connected with the ever-growing demand for industrial automation solutions in the Indian economy. This growing demand has been reinforced by market research, which shows that the manufacturing and consumption of major components in India is on a sharp increase.
The statistics indicate an approximation of 6.8 million actuators produced and sold by India during the 2022 fiscal year. It is not just a large number but also estimated to grow considerably, with the market estimating that this figure may go to over 10-11 million units by the fiscal year 2026.
This dynamic expansion is being driven by the higher uptake in a number of fundamental sectors such as the automotive market, general industrial automation, HVAC systems, and their application in specialized marine markets. Quintrans intends to exploit this demand through a full-fledged integrated solution. The engineering-first approach that the startup follows is characterized by the creation of both the required hardware and control electronics so that when the final product is shipped to customers, it is a fully integrated and single entity that is easy to install and maintain.
Quintrans is also strategically located in the growing deep tech manufacturing sector in India, with a target market that is ready to receive high-precision automation parts. The pre-seed round of $750K, led by Capital-A and supported by a group of founders and investors, is the key to the next stage of the growth of the startup. The decisive strategy to develop in-house production, accelerate the R&D efforts in electromagnetic actuation, and develop a robust team indicates that the company believes in the engineering-based purpose. The success of this round of funding is an important milestone in Quintrans achieving its promise in the expanding industrial automation sector of India.