French startup Fairmat, which specializes in carbon composite recycling, has raised €51.5 million in a Series B funding round to accelerate the industrialization of its next-generation materials and expand internationally. The company has made significant inroads in the sports industry and is now expanding into mobility, electronics, and energy sectors. Fairmat’s proprietary technology, Infinity Recycling, enables near-infinite reuse of carbon fiber through a patented cold plasma process. The company’s materials retain their performance characteristics while achieving full circularity, setting a new standard in composite recycling.
Fairmat plans to triple production capacity, expand its global footprint, and develop new applications in various industries. The company aims to achieve a fully circular carbon fiber recycling loop by 2027. With this latest round of funding, Fairmat is poised for rapid growth, having already secured over 30% of Europe’s carbon fiber production waste for recycling. The market is expected to grow from $355.3 billion in 2024 to $692 billion by 2033 at an annual rate of 7.7%. Fairmat’s innovative materials are redefining the industry while significantly reducing carbon emissions.