Jobaaj Stories
Carbon Fibre which is critical in powering innovations like drones, EVs, and air taxis have always automated their production and improved flexibility. Dinesh Kanagraj and Abhijit Rathore- IITians working at ISRO, started a new 3d printing startup idea to automate the manual labor-oriented process.
Since the start, of the 3d printing startup in India, Fabheads has now reduced the cost of manufacture by 10%, helped reduce the weight of production, and also the rejection rate by 20- 30%.
The startup started its work in 2015, supported by the IIT Madras incubation cell and Mentors. It focused on R&D for its addictive technology Manufacturing with its Mantra as Frugal operations. The team even constructed a 3D printer for making a printing machine rather than buying it.
Six years Later, The company worked on selling 3D-printed parts to any sector in need of lightweight carbon fiber components. Their 3D printing machine comprises Indian Components. In the fairly developed metal sector, the technology used in the manufacturing of carbon fiber is nascent, making it attractive for manufacturers.
Fabheads have seen a steady revenue hike in the last few years. It is also looking to raise $7 to $8 million to expand capacity and meet the demands accordingly.
They are even looking forward to having offices globally. They have set their eyes on Europe, which is in itself a defined market. They are also exploring the use of technology in various other beneficial works like medical implants, medical certifications; etc.
As per Kanagraj, The startup can take any sector, working for modernization and some new technologies. He also mentioned that they want to scale up to work with Vande Bharat.
- Kratika Agarwal
Also, Read Funding Crunch faced by Startups
