Fairmat secures €51.5M to bring near-infinite carbon fibre reuse to market

Fairmat, a French startup specialising in carbon composite recycling, has raised €51.5 million in a Series B funding round to accelerate the industrialisation of its next-generation materials and expand internationally. By offering high-performance, fully recyclable composites at competitive costs, the company is redefining the materials industry while significantly reducing carbon emissions.

The €51.5 million Series B round consists of €26.5 million in equity and €25 million in venture debt from the European Investment Bank (EIB).



The round is led by Bpifrance’s Large Venture fund and Slate VC, with additional participation from Cape Capital and long-term investors Singular, Temasek, CNP, and Pictet Group.This funding marks Fairmat’s third round, following an €8.6 million Seed round in 2021 and a €34 million Series A in 2022.

With this capital, the company will scale its industrial operations and strengthen its presence in the United States, where demand for sustainable materials is rapidly growing.Strong market traction in a booming industryFairmat was founded in 2020 by Benjamin Saada. He is the CEO and driving force behind the company’s mission to revolutionise carbon composite recycling through deeptech innovation, AI-driven automation, and circular manufacturing.

Since its debut, the company has positioned itself at the forefront of sustainable manufacturing. It has made major inroads into the sports industry and is now aggressively expanding into mobility, electronics, and energy. The company’s mission is to disrupt traditional industrial processes with a circular approach that eliminates waste while maintaining superior material performance.

Fairmat has already secured more than 30% of Europe’s carbon fiber production waste for recycling since its inception. This includes partnerships with major players like Siemens Gamesa and Hexcel for recycling wind blade composites and carbon fiber prepregs respectivelSpeaking specifically, company has secured 2,900 tonnes of material annually, doubling its supply year-over-year. With €50 million in contracted annual revenue, Fairmat is seeing strong demand for its innovative materials.

The sports sector has been a key entry point, with leading outdoor, running, and racquet sports brands adopting Fairmat’s composites for their high strength, light weight, and environmental benefits. Following its success in sports, Fairmat is accelerating its expansion into mobility, electronics, and energy industries that are seeking sustainable alternatives to traditional composites. Fairmat is emerging as a dominant player in the sustainable materials market, which is projected to grow from $355.

3 billion in 2024 to $692 billion by 2033 at an annual rate of 7.7%. This rapid expansion is driven by the urgent need for high-performance, recyclable alternatives that do not compromise on efficiency.

Scaling industrial capacity with AI and roboticsTo meet growing demand, Fairmat is scaling up its industrial capacity with a technology-driven approach. The company’s FairFactories in France and the U.S.

integrate AI, robotics, and real-time data analytics to optimise every stage of production. By using predictive algorithms and sensor-driven automation, Fairmat improves efficiency, reduces waste, and ensures consistent material quality.At the core of its technology is Infinity Recycling, a patented cold plasma process that enables near-infinite reuse of carbon fibre.

This breakthrough ensures that Fairmat’s materials retain their performance characteristics while achieving full circularity, setting a new standard in composite recycling.Fairmat’s proprietary mechanical recycling process stands out by preserving the mechanical properties of carbon fibers during disassembly. Unlike traditional energy-intensive methods like pyrolysis or solvolysis, this approach uses robotic tools equipped with machine learning to cut composites into CFRP building blocks that can be reused across industries.

Fairmat has proven that circularity and high performance can coexist. Its recycled composites match or exceed the mechanical strength of virgin materials while offering cost advantages and a drastically lower carbon footprint. The company’s innovative Fairply composite, which balances accessibility with durability, has already captured significant market interest.

In less than six months, Fairply accounted for half of Fairmat’s order book, underscoring the demand for sustainable yet competitive materials.Expanding the circular revolutionWith this latest round of funding, Fairmat is entering its next phase of growth. The company plans to triple production capacity by increasing automation and intelligence across its FairFactories, expand its global footprint, and develop new applications in mobility, electronics, and energy through industrial partnerships.

By 2027, Fairmat aims to achieve the first fully circular carbon fibre recycling loop, proving that sustainability can be a powerful competitive advantage in the industrial sector.The company also plans to leverage AI tools like digital twins to simulate optimal configurations for recycled CFRP Chips. This allows customized mechanical properties tailored for specific applications such as lightweight transportation components or impact-resistant surfaces.

Benjamin Saada, Founder & CEO of Fairmat said: “Materials are at the core of every industrial process. Disrupting this space means having massive impact — for both the planet and the consumer. In just 3 years, we’ve received exceptional market validation from major European and American companies in the sports industry.

With this fundraising, we now have everything we need to execute our vision: scale delivery, expand globally, and build the world’s first circular supply chain.” Clément Buyse, Founding Partner, Slate VC said: “Fairmat has industrialised an innovative, competitive, and sustainable solution in record time. With recognition from both European and U.

S. clients, the company is now poised for rapid growth. We’re proud to join forces with this exceptional team.

” Maïlys Ferrere, Director of Bpifrance’s Large Venture Fund said: “With its highly innovative carbon fibre recycling process, Fairmat is on the path to achieving the first fully circular loop for this material. We’re proud to support the company in this next phase of industrial acceleration and global growth.” Ambroise Fayolle, Vice-President of the EIB added: “Supporting the circular economy is key to Europe’s energy transition and industrial sovereignty.

Fairmat’s innovative model recycles and reuses high-value waste with strong environmental and economic benefits. Its impact is also strategic — helping secure the composite materials supply for key sectors. The EIB is proud to support a project that combines sustainability with high performance.

”The post Fairmat secures €51.5M to bring near-infinite carbon fibre reuse to market appeared first on Tech Funding News..