Dashamlabs, a materials science company pioneering high-performance silica aerogel insulation materials, has raised Rs 12 crore in a seed funding round led by Speciale Invest, with participation from IIMA Ventures, as per media reports.
The company said the funds will be deployed to expand R&D and production capacity, build pilot systems, and collaborate with partners across oil and gas, electric vehicles, defence, and construction sectors to validate and scale its aerogel products.
Co-founded in 2024 by Ankit Jhanwar, Apoorv Balwani, and Devakar Dhingra, Dashamlabs develops silica-aerogel-based flexible sheets and insulation materials that are lightweight, fire-resistant, and high-performance. The Delhi-based startup’s deeptech innovations are targeted at industrial, mobility, and infrastructure applications requiring advanced thermal and fire insulation.
According to the company, its proprietary technology enables the production of flexible silica aerogel sheets with ultra-low thermal conductivity, high-temperature stability ranging from -150°C to 1000°C, hydrophobicity, and fire resistance. Dashamlabs said it is currently focused on optimising ethanol-based supercritical drying and advancing toward ambient-pressure drying for scalable, cost-efficient mass production.
Commenting on the development, Ankit Jhanwar, Co-founder and CEO of Dashamlabs, said, “We’re on a mission to make energy-efficient materials accessible across industries. By scaling advanced aerogels made in India, we aim to enable cleaner, safer, and more efficient technologies globally.”
Speciale Invest, which backs early-stage deeptech and frontier startups, said its investment reflects confidence in Dashamlabs’ innovation and potential to redefine insulation technologies. The partnership aims to strengthen India’s position in high-performance materials manufacturing while driving adoption of sustainable, next-generation energy-efficient solutions worldwide. |
