Climatetech startup Beyond Renewables & Recycling raises funding US-based VC firm Momentum Capital

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

Along with Momentum Capital, co-investors in the October 2025 round include Venture Catalysts, IIMA Ventures, Oorjan Cleantech, and Gautam Das, founder of Oorjan.

The startup will use the raised capital 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. 

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. Much of this e-waste is currently handled by the informal sector, which often lacks the infrastructure to safely process hazardous materials, leading to low recovery rates and environmental damage. 

Beyond Renewables said it addresses this gap through a proprietary, eco-effective recycling process that achieves over 95% recovery of high-value materials from end-of-life solar panels.

Using a combination of advanced thermal and chemical treatments, the startup 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. 

"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."

The startup, which was founded in 2024 by Manhar Dixit and Vedant Taneja, has developed a multi-channel waste sourcing strategy, partnering with asset developers, EPCs, manufacturers, and dismantlers to secure a consistent waste supply.

"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.

"This funding led by Momentum Capital is a massive vote of confidence in our technology and our vision. It will enable us to scale operations and provide a comprehensive, environmentally sound solution that turns waste into a national resource. We are not just recycling; we are creating a sustainable future."

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.