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Fairmat raises $35 million to recycle carbon fiber composite into a new material


French startup Fairmat closed a $35 million Series A funding round (€34 million) last month. It wants to turn carbon fiber composite that is no longer in use into a new material that can be used in new products.

Temasek and CNP (Compagnie Nationale à Portefeuille) are leading the round with Pictet Group, Singular, The Friedkin Group International and others also participating. Overall, the company has raised $45.5 million (€44 million) since its inception.

The idea behind Fairmat is quite simple. Some high-tech materials like carbon fiber composites have great properties. These materials are light, flexible and resistant. That’s why you can find carbon fiber composites in wind turbines or aircrafts.

When these industrial projects reach the end-of-life status, Fairmat comes in and picks up those elements with carbon fiber composites. The startup then creates a new kind of material that isn’t as sophisticated as carbon fiber composites, but that can be quite useful.



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