Fairmat
Canvas Category Machinery : Special Purpose : Carbon Fiber
We build the manufacturing ecosystem that puts second-generation materials at the heart of forward-thinking manufacturers worldwide.
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Fairmat signs long-term contract with Dassault Aviation
Fairmat, the French deeptech company founded in 2020 by Benjamin Saada, which is revolutionizing the recycling of carbon fiber composites, has announced today the signing of a new long-term contract with Dassault Aviation for the collection and recycling of carbon fiber composite production offcuts. This new long-term contract strengthens Fairmat’s position as a leader in composites recycling, and testifies to Dassault Aviation’s renewed confidence in the start-up. Fairmat has grown rapidly since its creation, and continues to attract the attention of key players in the composite materials, aeronautics and wind energy industries. The company is currently implementing an international expansion strategy to establish strategic partnerships with major players in the global market.
FAIRMAT announces €34M Series A round to make it easier and more sustainable to recycle advanced materials through robotic technologies
Fairmat, the Paris-based sustainable deep tech start-up pioneering the recycling of advanced materials, announced today that it has completed its Series A funding round at a total of €34M, one of the largest Series A rounds for a deep tech startup in both France and Europe as a whole this year.
The company will use the funds to accelerate the deployment of its robotized industrial capabilities, including the ramp up of its newly inaugurated automated sorting plant, which will host over a hundred robots and be able to handle up to 3,500 metric tons of scrap per year. Additionally, the company will be expanding internationally into new markets, starting with the United States in 2023 and Spain, Germany, soon after. As part of this expansion, Fairmat will also grow its global team from 80 in 2022 to 400 people by 2025, seeking to recruit the best talent in robotics and data science.