Beyond Renewables & Recycling raises pre-seed round led by Momentum Capital

Climate-tech startup Beyond Renewables & Recycling has raised Rs 5 crore in a pre-seed funding round led by Momentum Capital, a US-based venture capital fund, along with participation from Venture Catalysts, IIMA Ventures, Oorjan Cleantech, and Gautam Das.

The fresh funds will be used to accelerate the development of its proprietary recycling technology, strengthen its waste supply chain, and scale operations to address India’s rapidly growing solar waste crisis, Beyond Renewables & Recycling said in a press release.

Co-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.