Carbon-Fiber Startup Fabheads Raises Rs 8 Crore In Pre-Series A Funding Round

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Chennai-based deeptech startup Fabheads, which manufactures carbon fiber parts, has raised Rs 8 crore from Inflection Point Ventures in a pre-Series A funding round, the company said. The Indian market alone is $5 billion, the company said. “The funds raised will be used for strengthening the R&D team, building global sales and distribution network and setting up infrastructure to support the growth of the company,” said Fabheads, which has developed India’s first 3D printer capable of printing with continuous fiber materials. “We believe that Fabheads is at an inflection point where they have developed cutting-edge tech that can be launched in multiple industries simultaneously, such as defense, medical and aerospace. For early-stage investor IPV, Fabheads is their 15th investment so far this year.