Fabheads Secures $10 Mn in Series A Funding Led by Accel to Automate Composite Manufacturing

Fabheads, a startup that specializes in automated composite manufacturing, has raised $10 million in a Series A funding round led by Accel. The funding will be used to expand manufacturing capacity, bolster the leadership team, and grow engineering and research operations. Founded in 2015 by ISRO engineers Dhinesh Kanagaraj and Abhijeet Rathore, Fabheads aims to modernize carbon fiber production and serve the aerospace and clean energy sectors.

Fabheads, a Chennai-based startup specializing in automated composite manufacturing, has raised $10 million in a Series A funding round led by Accel. The fresh capital will be used to scale manufacturing capacity, expand the leadership team, and bolster engineering and research operations. The funding round brings the startup's total funding to $13 million, with $2.3 million (Rs 20 crore) coming from venture debt firm Trifecta Capital [1].

Founded in 2015 by ISRO engineers Dhinesh Kanagaraj and Abhijeet Rathore, Fabheads aims to modernize carbon fiber production and serve the aerospace and clean energy sectors. The startup has developed an automated manufacturing process, including a technology called Adaptive Toe Placement (ATP), which allows for precise handling of brittle composite materials. The majority of the $10 million funding will be used to set up a larger manufacturing facility in Karnataka, between 80,000 to 100,000 square feet in size, located at Bengaluru’s Aerospace Park [1].

Fabheads is currently based in Chennai with 13 machines and plans to expand internationally. The company's clients include Tata, ISRO, and Motherson Group, among others. The new facility will house over 70 big machines, significantly enhancing the startup's manufacturing capacity. The facility is expected to be completed in the next six months [1].

The funding round reflects the growing demand for advanced materials in sectors such as aerospace, robotics, and clean energy. The global composite materials market is projected to grow at a CAGR of 9.2% from 2024 to 2034, reaching USD 213.9 billion [2].

References:
[1] https://m.economictimes.com/tech/funding/composite-manufacturing-tech-startup-fabheads-raises-10-million-in-round-led-by-accel/articleshow/122028162.cms
[2] https://www.globenewswire.com/news-release/2025/06/23/3103499/0/en/Driving-the-Future-Material-Innovation-in-Electric-Vehicles-Exactitude-Consultancy.html