A new funding round will accelerate Beyond Renewables & Recycling’s proprietary solar panel recycling technology, strengthen the waste supply chain, and scale operations to address India’s solar waste crisis and its projected growth.

The investment supports the company’s plan to push ahead with its technology, bolster the waste sourcing network, and expand capacity to manage India’s growing solar waste, which could reach about 1.2 million tons by mid-century and even higher under adverse scenarios.

Founded in 2024 by Manhar Dixit and Vedant Taneja, the startup is pursuing a multi-faceted waste sourcing strategy through partnerships with asset developers, EPC players, manufacturers, and dismantlers, and has LOIs from buyers for recycled glass, silicon, and other materials.

Beyond Renewables reports recovering over 95% of high-value materials from end-of-life solar panels through a mix of advanced thermal and chemical processes, yielding high-purity aluminum, glass, silicon, copper, and silver.

The pre-seed round was led by Momentum Capital, with co-investors including Venture Catalysts, IIMA Ventures, Oorjan Cleantech, and Gautam Das, underscoring early support for the climate-tech venture.

The funding news, confirmed in October 2025, positions Beyond Renewables & Recycling as a climate-tech startup focused on sustainable solar recycling with an undisclosed amount raised at pre-seed, led by Momentum Capital and partners.

CEO Manhar Dixit frames the funding as a vote of confidence to turn waste into a national resource and advance cradle-to-grave sustainability in India’s solar sector.

Dixit emphasizes the importance of sustainable cradle-to-grave solar installations and sees the investment as validation for transforming waste into a national asset while driving eco-friendly solutions.

The startup is supported by IIT Mandi Catalyst and NSRCEL and has LOIs from buyers for recycled glass, silicon, and other materials, strengthening its go-to-market and sales channels.

With strong backing and LOIs, Beyond Renewables is expanding sales channels and building a pipeline to scale its solar-waste management operations.

Momentum Capital’s Ankur Shrivastava calls the investment aligned with funding environmental challenges through tech innovation, aiming to build a circular economy for India’s solar sector as the market could reach around Rs 20,000 crore by 2040.

Shrivastava highlights the escalating solar waste problem, praises the team’s technology and go-to-market plan, and notes the environmental and market upside of the investment.

India’s solar waste management is currently dominated by the informal sector; Beyond Renewables seeks to close this gap with a process that achieves over 95% recovery of valuable materials like aluminum, glass, silicon, copper, and silver.

India is projected to generate roughly 1.2 million tons of solar PV waste by 2040, potentially rising to 4.8 million tons under adverse scenarios, with much waste still handled informally today.

The business model centers on a multi-channel waste-sourcing strategy, partnering with asset developers, EPCs, manufacturers, and dismantlers to secure a steady waste stream for processing.