Insider Brief
- Fairmat has raised €51.5 million in Series B funding to scale its recycled carbon fiber composite operations in France and the U.S., and expand across sectors like sports, mobility, electronics, and energy.
- The round was led by Slate Venture Capital and Bpifrance Large Venture, with participation from Singular, Temasek, Pictet Group, CNP, and the European Investment Bank, adding to earlier rounds totaling over €42 million.
- Fairmat says its patented recycling technology and operational growth position it to deliver scalable circular materials, aiming to drive more resilient and sustainable manufacturing worldwide.
Scaling FairFactories and Sector Expansion in Europe and the U.S.
French recycled carbon composite startup Fairmat has raised €51.5 million in Series B funding to expand its operations in Europe and the United States.
Fairmat indicated it plans to use the capital to scale production at its two “FairFactories” in France and the U.S., and expand its recycled carbon fiber technology across key sectors such as sports, mobility, electronics, and energy. The company said its patented recycling processes and operational traction over the past four years position it to “deliver circular materials without compromise.”
“Circularity only matters if it can scale. At Fairmat, we’ve spent the past four years making sure it can,” the company said in a statement announcing the funding.
The funding round was led by Slate Venture Capital and Bpifrance Large Venture, with additional backing from new and existing investors including Singular, Temasek, Pictet Group, CNP, and the European Investment Bank (EIB), according to the company.
Driving Sustainability Through Innovative Recycling Technologies
Fairmat, a startup focused on recycled carbon fiber composites, says environmental impact has guided its strategy from the start.
The company is committed to building a decarbonized and circular future for advanced materials, ensuring that each operational decision aligns with its sustainability mission. A central tenet of Fairmat’s approach is that recycling must emit less carbon dioxide and other greenhouse gases than manufacturing new materials.
“We are driven by a core principle: recycling must emit less CO2 and greenhouse gases than producing new materials,” according to the company’s website.
This philosophy has led Fairmat to develop proprietary recycling technologies that it says offer a more sustainable alternative to traditional methods like incineration and landfilling. Incineration, while reducing volume, consumes large amounts of energy and contributes to air pollution. Landfilling disrupts natural landscapes and poses long-term risks to soil and water quality.
Accelerating Circular Manufacturing with Strategic Funding
The company said the Series B round is expected to accelerate its industrial growth and support its mission to make global manufacturing more resilient, efficient, and sustainable.
In 2022, the company raised €34 million in a Series A funding round which followed seed funding of €8.6 million in 2021.
