Chennai-based startup Fabheads Automation has secured $10 million (approximately INR 86.7 crore) in a Series A funding round led by Accel, with additional participation from Trifecta Capital.
According to the company, the newly acquired funds will be used to scale up its production capacity, expand its leadership team, and bolster engineering and R&D efforts.
Fabheads currently operates a manufacturing facility in Chennai and is now gearing up to launch a larger unit in Bengaluru within the next six months. A company spokesperson confirmed that the upcoming facility will primarily focus on serving the aerospace sector while also helping the startup tap into global demand.
Founded in 2015 by former ISRO engineers Dhinesh Kahagaraj and Abhijeet Rathore, Fabheads specializes in the design, prototyping, production, and certification of carbon fiber and composite components. The company offers an end-to-end solution — from tooling to validated part delivery — across sectors including defence, aerospace, shipping, automotive, and energy.
At the core of its innovation is a proprietary 3D printing technology and a software suite for manufacturing composite parts. The company currently holds over 10 patents across seven countries in Asia and Europe.
“In a statement, the startup said that the freshly raised capital will be deployed to scale up its manufacturing capacity, expand leadership team, and shore up engineering and research and development (R&D).”
With the new funding, Fabheads’ total capital raised to date stands at $13 million. Its backers include Keiretsu Chennai, Inflection Point Ventures, O2 Angels, Rockstud Capital, and investor Vijay Kedia, among others.
The company was also featured as one of the notable deeptech startups from Tamil Nadu at the MeitY Investor Connect Programme held in Chennai last year.
This investment comes at a time when interest in deeptech is on the rise. The global deeptech market is expected to grow significantly, reaching $714.6 billion by 2031 with a CAGR of 48.2%. Despite longer development timelines and high capital needs, the sector continues to attract investor attention.
Other recent deeptech funding highlights include Probus Smart Things, which raised $5 million in February to scale its AI-powered smart grid solutions, and Proxgy, which attracted investment from cricketer Ajinkya Rahane as part of its $3 million Series A round.
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