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Fairmat

Carbon fiber composite recycling

Fairmat logo
101-200 employees
  • B2B
  • Sustainability
  • Manufacturing
Saint-Philippe-du-Roule, Paris, France

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Company mission

To build a manufacturing ecosystem that puts second-generation materials at the heart of forward-thinking manufacturers worldwide.

Our take

Second-generation materials are those that have previously had a life within an object, but are recycled to be used as a less complex material in new products and objects. Carbon fiber composites, for instance, are used in renewable energy hardware and aircrafts - and once these parts reach the end of their lifespan, Fairmat converts them into new materials through its recycling process.

Fairmate Quest, as the recycled composite is called, is ten times cheaper than first-gen carbon composites, as well as being twice as light as aluminium. This means that the recycling system not only puts less of a strain on the environment, but has many benefits for both sellers and buyers.

With this in mind, its no surprise that since its founding, Fairmat has signed contracts with companies that amount to more than 35% of the carbon fiber composite waste in Europe. Funding will be used to increase its processing plant’s sorting capacity, with it currently on-target to have 3500 tons of scrap carbon composite sorted a year by its robot fleet.

Kirsty headshot

Kirsty

Company Specialist at Welcome to the Jungle

Benefits

  • Alan health insurance (95% covered by Fairmat)
  • Flexible home office policy
  • Global days off – designated “No Work” days, where the whole company disconnects together
  • Moka Care and wellness charter, for mental health and well-being
  • Spayr, to manage your remuneration

Company values

  • Honesty: Committed to be genuine. We put integrity & sincerity at the forefront of our actions to preserve trust
  • Determination: Bold & tenacious. We are overcoming challenges together to succeed in our fair mission
  • Engagement: Forward-thinking for a positive impact. Together, we align our actions with our beliefs to pursue our mission and transform the industrial ecosystem
  • Pragmatism: Pragmatic minds with real actions. We aim for realistic solutions to turn our ambitions into results

Funding (2 rounds)

Nov 2022

$35.8m

SERIES A

Sep 2021

$9.1m

EARLY VC

Total funding: $44.9m

Leadership

Ben Saada

(CEO)

Previously Co-Founder at Expliseat, and Guest Speaker of Aerospace at HEC Paris.