PE-VC Fund Investments
Composite materials player Fabheads bags $10-M in Series A led by Accel
Chennai-based composite materials startup Fabheads Automation has raised USD 10 million (about INR 86.7 crore) in its Series A round led by Accel. The funding round also saw participation from Trifecta Capital.The freshly raised capital will be deployed to scale up the firm’s manufacturing capacity, expand the leadership team, and shore up engineering and research and development (R&D).With the latest funding round, Fabheads has raised USD 13 million in funding to date. It counts Keiretsu Chennai, Inflection Point Ventures, O2 Angels, Rockstud Capital, ace investor Vijay Kedia among its investors.Founded in 2015 by former ISRO engineers Dhinesh Kahagaraj and Abhijeet Rathore, Fabheads offers designing, prototyping, production, and certification services for carbon fiber and composite components primarily to the defence, aerospace, shipping, automotive and energy sectors. From tooling to manufacturing, the startup manages the entire lifecycle of delivering fully validated composite components.
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