3D Printer Startup Fabheads raises additional Funds as part of Pre-Series A funding round
Fabheads, a carbon-fibre-focused 3D printer startup, has raised additional funds after raising INR 8 Cr from Inflection Point Ventures and existing investors just a few months ago. The company has raised an additional undisclosed amount from Rockstud Capital, FirstPort Capital, and Bliss Flow Investments Pvt Ltd as part of an extension of its Pre-Series A funding round.
Fabheads creates automated manufacturing technologies for the carbon fibre part manufacturing industry. The Company has been recognised for their innovative work by various agencies including DIPP (National Startup Award 2020 by Startup India), DRDO (Dare to Dream Innovation Award 2019), MoD (Trailblazers of Indian Aerospace – Aero India 2019), JEC Media (Outstanding Innovation in Composites 2018), CII (Top Startup in Manufacturing 2018), and others.
“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”, said Dhinesh Kanagaraj, CEO & Founder of Fabheads.
Carbon fibre industry has seen significant growth in the last two decades across new sectors such as Biomedical, Shipping, Auto, and so on, in addition to Aerospace and Defense, where they still have a significant presence.
“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 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.
Rockstud Capital announced an investment in Knorish, an edtech startup, last week, marking their third investment in 2021. It is one of India's only hybrid funds, investing in both listed equity markets and startups. It invests in startups at the Pre-Series A stage, with a focus on enterprise-tech, fintech, healthtech, agritech, edtech, mobility, and consumer brands.
Fabheads Automation specialises in the production of composite parts. Concurrently, Fabheads devotes a significant portion of its resources to the development of better, more reliable, automated fabrication technologies for the composites industry.
Fabheads creates automated manufacturing technologies for the carbon fibre part manufacturing industry. The Company has been recognised for their innovative work by various agencies including DIPP (National Startup Award 2020 by Startup India), DRDO (Dare to Dream Innovation Award 2019), MoD (Trailblazers of Indian Aerospace – Aero India 2019), JEC Media (Outstanding Innovation in Composites 2018), CII (Top Startup in Manufacturing 2018), and others.
“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”, said Dhinesh Kanagaraj, CEO & Founder of Fabheads.
Carbon fibre industry has seen significant growth in the last two decades across new sectors such as Biomedical, Shipping, Auto, and so on, in addition to Aerospace and Defense, where they still have a significant presence.
“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 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.
Rockstud Capital announced an investment in Knorish, an edtech startup, last week, marking their third investment in 2021. It is one of India's only hybrid funds, investing in both listed equity markets and startups. It invests in startups at the Pre-Series A stage, with a focus on enterprise-tech, fintech, healthtech, agritech, edtech, mobility, and consumer brands.
Fabheads Automation specialises in the production of composite parts. Concurrently, Fabheads devotes a significant portion of its resources to the development of better, more reliable, automated fabrication technologies for the composites industry.
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