Halo, priced at Rs.1.5 million, already has its first buyer — Indian Institute of Technology, Hyderabad. Enquiries are pouring in, says Mudda, from diverse industries such as medical prototyping, jewellery manufacturing, aluminum die manufacturing, injection moulding and so on. Ethereal has also entered into research collaboration with the University of Sheffield in the UK to explore how Halo can be used to disrupt manufacturing processes in the aerospace industry. About 60% of the manufacturing is done in-house with some parts being outsourced to vendors, and the entire machine is then assembled in-house. In majority of the cases, machines are built after receiving an advance from the clients and the company has managed to deliver the machines within the stipulated time of 30-45 days. Its customers can not only save 45-60% on machine costs, but also 30-50% while building prototypes. “Our target is to sell 150 Halo machines by March 2019,” says Mudda. The company is looking to sign onboard eight distributors for the product and the game plan is to penetrate the geographical territory of each distributor by equipping them with vertical-specific applications. They will also assist them with participating in trade shows to increase visibility and create awareness about the product. But Ethereal, Mudda emphasises, is not just about selling machines. “Our mission is to create entrepreneurs. We want to help people set up their own business by using our world-class, affordable machines,” he says. Ethereal itself has been profitable from the day they sold the first machine, he adds. The company expects to clock revenue of around Rs.160 million and profit of Rs.30 million by the end of FY19.