Climatetech startup Beyond Renewables & Recycling raises funding

Beyond Renewables & Recycling, a climatetech startup specializing in sustainable and high-value solar panel recycling, has secured an undisclosed amount in a pre-seed funding round led by US-based Momentum Capital.

The round also saw participation from Momentum Capital, Venture Catalysts, IIMA Ventures, Oorjan Cleantech, and Gautam Das, founder of Oorjan.

The startup plans to use the funds to advance its proprietary recycling technology, strengthen its waste supply chain, and scale operations to tackle India’s rapidly growing solar waste challenge.

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"Beyond Renewables’ mission is perfectly aligned with our thesis of investing in companies that solve critical environmental challenges through deep-tech innovation," said Ankur Shrivastava, Managing Partner at Momentum Capital.

"The solar waste problem is not a distant threat, it’s a present and rapidly escalating issue. The Beyond Renewables team, with their advanced technology and clear go-to-market strategy, is uniquely positioned to dominate this market, which is projected to grow rapidly by 2040 to a Rs 20,000 crore market. We are thrilled to partner with them to build a circular economy for India’s solar industry."

"With India’s solar installations reaching 127.33 GW and a growing panel manufacturing industry, we have a responsibility to ensure sustainability from cradle to grave," said Manhar Dixit, CEO of Beyond Renewables & Recycling.

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About Beyond Renewables & Recycling

Founded in 2024 by Manhar Dixit and Vedant Taneja, Beyond Renewables & Recycling is a sustainability-focused startup creating a circular economy for the solar industry. Through its proprietary recycling technology, the company recycles end-of-life solar panels and recovers over 95% of the constituent materials, including high-purity glass, silicon, silver, copper and aluminum.

As per a market research, india’s rapid solar adoption is expected to generate nearly 1.2 million tons of solar PV waste by 2040, a number that could climb to 4.8 million tons under an early-loss scenario.

Using a combination of advanced thermal and chemical treatments, Beyond Renewables extracts aluminum, glass, silicon, copper and precious metals such as silver with high purity, transforming hazardous waste into a valuable source of sustainably sourced minerals.

According to Beyond Renewables, it has developed a multi-channel waste sourcing strategy, partnering with asset developers, EPCs, manufacturers, and dismantlers to secure a consistent waste supply. With over 2,000 metric tons of solar waste already in the pipeline, the company is expanding partnerships with module manufacturers, EPC players, and asset owners.

Supported by IIT Mandi Catalyst and NSRCEL, the startup is also strengthening its sales channels and has secured LOIs from buyers for recycled glass, silicon, and other materials.

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