Beyond Renewables & Recycling, a climate-tech company focusing on high-value sustainable solar module recycling, has obtained pre-seed funding led by venture capital firm Momentum Capital, based in the US. The funding will help Beyond Renewables drive forward its proprietary recycling technology, expand its waste supply chain, and grow capacity to address the rapidly growing challenge of solar waste in India.
Founded in 2024 by Manhar Dixit and Vedant Taneja, Beyond Renewables has validated its recycling process at the lab scale and achieved high recovery and purity rates of some of the high-value materials, including silver and silicon.
This initial external rounding is co-invested by Momentum Capital, Venture Catalysts, IIMA Ventures, Oorjan Cleantech, and Gautam Das, the founder of Oorjan.
India’s rapid adoption of solar is expected to generate nearly 1.2 million tons of solar PV waste by 2040, or up to 4.8 million tons in an early-loss scenario. Currently, most of this e-waste is processed by the informal sector, often without proper infrastructure to manage hazardous materials, resulting in low recovery rates and environmental damage.
Beyond Renewables is tackling these issues using its proprietary, eco-effective recycling process that recovers over 95% of high-value materials from the end.
“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 ₹20,000 crore market. We are thrilled to partner with them to build a circular economy for India’s solar industry.”
The company has implemented a diverse waste sourcing strategy and has partnered with asset developers, EPCs, manufacturers, and dismantlers to achieve a consistent waste supply. What differentiates the company from existing market players is its focus on eco-effective, high-value recycling, rather than relying on mechanical extraction, which is inherently less efficient.
“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.”
After conducting thorough research and validation processes, Beyond Renewables has started the commissioning phase for its first industrial-scale facility in Rajasthan. The firm has isolated and confirmed its feedstock supply, having already obtained more than 2,000 metric tons of solar waste. Further expanding channel development, Beyond Renewables is also looking to deepen relationships with the module manufacturers, EPC players, and asset owners to expand cooperation to provide feedstock. The startup, with the support of IIT Mandi Catalyst and NSRCEL, is continuing to develop sales channels and has already received LOIs from customers for recycled glass, silicon, and other recovered feedstock.
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