Dashamlabs, a deep-tech materials science startup developing high-performance silica aerogel insulation materials, has raised ₹12 crore in seed funding led by Speciale Invest, with participation from IIMA Ventures.
The freshly infused capital will be deployed to expand R&D operations, build pilot-scale systems, and increase production capacity. The company also plans to collaborate with industry partners across oil & gas, electric vehicles (EVs), defense, and construction sectors to validate and commercialize its aerogel-based insulation products.
Founded in 2024 by Ankit Jhanwar, Apoorv Balwani, and Devakar Dhingra, Dashamlabs focuses on engineering next-generation silica aerogel materials that deliver superior thermal insulation, fire resistance, and lightweight performance for industrial and infrastructure applications.
Revolutionizing Insulation with Aerogel Innovation
Dashamlabs manufactures flexible silica-aerogel-based sheets and composites with ultra-low thermal conductivity, temperature stability from -150°C to 1000°C, and hydrophobic, fire-resistant properties. These attributes make them ideal for energy storage systems, electric vehicles, pipelines, and aerospace components where high thermal efficiency is critical.
The company’s proprietary process enhances ethanol-based supercritical drying while advancing toward ambient-pressure drying, which enables scalable and cost-effective mass production — a key step toward making advanced aerogels more accessible and affordable.
“We’re on a mission to make energy-efficient materials available across industries,” said Ankit Jhanwar, Co-founder & CEO of Dashamlabs. “By scaling advanced aerogels made in India, we aim to enable cleaner, safer, and more efficient technologies globally.”
Pioneering India’s Deep-Tech Manufacturing Ecosystem
With this funding, Dashamlabs joins a growing group of Indian deep-tech startups transforming industrial materials and clean technology. The investment also reflects increasing investor confidence in climate-tech and materials innovation, especially as industries worldwide move toward sustainable, high-performance solutions.
As the company scales, it aims to establish itself as a global leader in silica aerogel manufacturing, bridging the gap between R&D breakthroughs and commercial deployment in energy-intensive sectors.
By: Arushi Agarwal
