Fairmat raises $35 million to recycle carbon fiber composite into a new material • TechCrunch
French startup Fairmat closed a $35 million Series A funding round (€34 million) last month. It wants to turn carbon fiber composite that is no longer in use into a new material that can be used in new products.
Temasek and CNP (Compagnie Nationale à Portefeuille) are leading the round with Pictet Group, Singular, The Friedkin Group International and others also participating. Overall, the company has raised $45.5 million (€44 million) since its inception.
The idea behind Fairmat is quite simple. Some high-tech…