Fairmat, a Paris, France-based sustainable deep tech firm making a sustainable future for carbon fiber composite, raised €34M in Series A funding.
The spherical was co-led by Temasek and CNP, with participation from Pictet Group, Singular, The Friedkin Group International, and Danone CEO Antoine de Saint-Affrique.
The firm intends to make use of the funds to speed up the deployment of its robotized industrial capabilities, together with the ramp up of its newly inaugurated automated sorting plant, the enlargement into new markets, and the enter into new verticals with its sustainability options.
Founded by Benjamin Saada, Fairmat is a deep tech firm that works to supply new options for the recycling of carbon fiber-based composites. With 3,8kg of CO2e per kilo of fabric produced, Fairmat Quest, its baseline product, is a sustainable materials obtainable for the round economic system.