Composite 3D printing startup, Fabheads has raised an undisclosed amount of fresh funds from Rockstud Capital, FirstPort Capital and Bliss Flow Investments, as an extension of its pre-Series A round. This follows the startup raising Rs 8 crore a couple of months ago from Inflection Point Ventures and existing investors.
Fabheads develops automated composite 3D Printing systems to enable manufacturing of carbon fibre based components.
The funds raised will be used towards our marketing, supply chain enhancement and scale up operations. We are fortunate to have these new investors with good industry experience backing us up, who I am sure will be instrumental in our next step of this journey” Dhinesh Kanagaraj, Founder and CEO, Fabheads, said.
Carbon Fibre industry has been seeing significant growth in the last two decades across new sectors like biomedical, shipping, auto and others besides aerospace and defence.
“We see tremendous scope in the carbon fibre space with its awareness only growing every year with multiple use cases, especially, across electric vehicles, unmanned aerial vehicles, defence, oil & gas, renewable energy, aeronautics, electronics, and a host of other sectors. Fabheads with its excellent technical capabilities, is well placed to benefit from it” said Abhishek Agarwal, Managing Partner of Rockstud Capital