Chennai-based deeptech startup Fabheads, specializing in composite manufacturing technology, has successfully raised $10 million in a Series A funding round led by global venture capital firm Accel. The round also saw participation from Trifecta Capital, bringing the total funding raised by the company to $13 million.
Fabheads aims to revolutionize the production of carbon fiber components with its innovative automation technology. The startup focuses on industries such as aerospace and clean energy, where lightweight and durable materials are critical for performance and efficiency.
The freshly secured funds will be utilized to scale manufacturing capacity, enhance research and development (R&D) efforts, and expand the company’s engineering and leadership team. This strategic investment comes at a time when global demand for advanced composite materials is on the rise.
Founded with a mission to modernize composite manufacturing, Fabheads is positioned to address inefficiencies in traditional production methods. By automating processes, the startup reduces costs and speeds up delivery timelines for its clients.
Speaking on the funding, a spokesperson from Fabheads expressed optimism about the company’s growth trajectory. The support from Accel and Trifecta Capital is expected to accelerate their expansion plans and strengthen their foothold in key international markets.
This investment highlights the growing interest in India’s deeptech sector, as the country continues to emerge as a hub for innovative manufacturing solutions. Fabheads’ success story adds to the momentum of Indian startups making a global impact.
Alfred Lee
