CapGrid Solutions is a B2B cloud manufacturing startup specializing in the sourcing and procurement of precision parts and components for industries such as automotive, electric vehicles , and consumer durables. Founded in 2020 by Dheeraj Tiwari and Himanshu Singh Raghuvanshi, the company leverages an AI-powered platform to streamline the supply chain process, connecting original equipment manufacturers and Tier-1 suppliers with a vast network of over 30,000 suppliers across 15 countries.
Key Features and Functionality:
- AI-Enabled Sourcing Platform: CapGrid's platform houses detailed capability intelligence of global supply sources, enabling efficient and informed procurement decisions.
- Extensive Supplier Network: The company collaborates with more than 30,000 suppliers worldwide, offering a diverse range of precision components.
- Cloud Manufacturing Model: By partnering with hundreds of Tier-2 manufacturers, CapGrid acts as a cloud manufacturer, facilitating the sourcing, manufacturing, and delivery of components directly to customers' assembly lines.
- Operational Efficiency: The platform reduces supply chain complexity by approximately 90%, eliminates procurement costs, and achieves material cost savings of 3-5% for its clients.
Primary Value and Problem Solved:
CapGrid Solutions addresses the challenges of complex and fragmented supply chains in the manufacturing sector. By offering a single-window solution for sourcing and procurement, the company simplifies operations for OEMs and Tier-1 suppliers, allowing them to focus on innovation and core competencies. The platform's efficiency leads to significant cost savings, reduced operational complexity, and enhanced supply chain visibility, positioning CapGrid as a strategic partner in the evolving manufacturing landscape.