Climate-tech venture Beyond Renewables & Recycling has raised ₹5 crore in a pre-seed funding round led by Momentum Capital, a US-based venture capital firm. The round also saw participation from Venture Catalysts, IIMA Ventures, Oorjan Cleantech, and Gautam Das, marking one of the earliest institutional investments in India’s solar waste management sector.
The funds will be used to develop the company’s proprietary recycling technology, strengthen its waste collection network, and expand operations to address the growing challenge of solar waste disposal. Beyond Renewables also plans to scale its recycling infrastructure and integrate advanced material recovery systems.
Founded in 2024 by Manhar Dixit and Vedant Taneja, Beyond Renewables & Recycling is building a circular ecosystem for the solar energy industry. Its technology recovers more than 95% of valuable materials — including glass, silicon, aluminum, silver, and copper — from discarded solar panels, turning solar e-waste into reusable industrial inputs.
The company uses a hybrid process combining thermal and chemical methods to extract high-purity materials efficiently. This approach supports India’s transition toward clean energy by addressing the environmental impact of end-of-life solar systems.
With India expected to generate 1.2 million tons of solar PV waste by 2040, Beyond Renewables aims to provide a scalable recycling solution. The company collaborates with asset developers, EPC players, manufacturers, and dismantlers to ensure a steady supply of recyclable modules and already has 2,000 metric tons of solar waste in its processing pipeline.
Backed by IIT Mandi Catalyst and NSRCEL, Beyond Renewables is also establishing strong sales channels and has received letters of intent (LOIs) from multiple buyers for its recycled outputs, including glass, silicon, and metal components.
