FAIRMAT Raises €51.5 Million Series B to Scale Circular Carbon Fibre Recycling with Bpifrance and Slate Venture Capital
Fairmat, the Paris‑based deep tech company pioneering sustainable recycling of carbon fibre composites, has secured a major new €51.5 million Series B funding round, further accelerating its mission to close the loop on advanced materials and scale global industrial adoption of its circular manufacturing solutions. Founded in 2020 by CEO Benjamin Saada to tackle one of the most stubborn waste challenges in advanced materials, Fairmat’s patented technologies and automated production capabilities have attracted a broad consortium of high‑profile investors backing both sustainability and industrial innovation.
The latest financing combines €26.5 million in equity and €25 million in venture debt provided by the European Investment Bank (EIB). This injection of capital positions Fairmat to expand production capacity at its existing “FairFactories” in France and the United States, scale its proprietary recycling technology, and push into new materials markets such as mobility, electronics and energy — beyond its strong foothold in performance sports applications.
The **Series B round was led by Bpifrance’s Large Venture fund and Slate Venture Capital, both of which bring extensive experience in supporting climate tech and deep‑tech companies scaling industrial capabilities globally. Other investors participating in the round include European and international backers such as Singular, Temasek, Pictet Group and CNP alongside continued support from existing stakeholders who have backed Fairmat through previous funding stages.
Fairmat’s core breakthrough lies in its Infinity Recycling technology, a patented cold‑plasma and robotics‑driven process that can recover carbon fibres intact from composite waste — overcoming longstanding limitations in recycling carbon fibre reinforced polymers (CFRP). Unlike conventional pyrolysis or chemical recycling that degrade fibres or carry high environmental costs, Fairmat’s approach enables high‑quality reclaimed materials that retain strength and lightweight properties comparable to virgin composites. The result is a circular material that can be used across demanding industrial applications while dramatically reducing CO₂ emissions associated with traditional material manufacturing.
Since its inception, Fairmat has rapidly built industrial traction, securing approximately 2,900 tonnes of material feedstock annually — a 100 percent year‑over‑year increase — and more than €50 million in contracted revenue from commercial partners. These partners include leading producers and manufacturers in sectors ranging from outdoor sports equipment to aerospace components. With the new funding, Fairmat plans to triple production capacity by enhancing automation and intelligent robotics across its facilities to meet this growing demand and ensure reliable supply at industrial scale.
Fairmat’s leadership has emphasized that the €51.5 million Series B underscores investor belief not only in its technology but also in the broader transition toward more sustainable industrial supply chains. The company’s vision extends to building the world’s first fully circular carbon fibre composite supply chain, with a target to achieve full material circularity by 2027 through continued innovation and expanded production infrastructure.
In addition to scaling outputs, Fairmat is using the funding to deepen its presence in international markets, support ongoing research and development, and foster strategic industrial partnerships that enable adoption of recycled composites in sectors such as automotive, energy and electronics. The capital also strengthens Fairmat’s position as a provider of high‑performance materials that help manufacturers reduce environmental impact without sacrificing performance — a key selling point as regulatory and customer demands for sustainable materials intensify.
This Series B follows earlier financing milestones in the company’s growth journey, including an €8.6 million seed round and a €34 million Series A, the latter co‑led by Temasek and CNP with participation from investors such as Pictet Group, Singular and The Friedkin Group International. These rounds helped Fairmat industrialise its initial automated sorting plants and begin international expansion, particularly into the United States and wider European markets.
As Fairmat transitions from pioneering pilot to global commercial scale, its blend of deep tech innovation, industrial partnerships and strategic funding support highlights the growing investor appetite for solutions that marry environmental sustainability with high‑performance industrial materials. With a robust capital base and clear strategic roadmap, Fairmat is positioning itself as a leading player in the circular materials economy and a key contributor to decarbonizing advanced manufacturing supply chains worldwide.
