ROSI, a France-based solar module recycling company, has secured over €20 million (~$23 million) in funding to support its expansion across Europe.

The funding includes a Series B round along with French and European grants. The company said the capital will support the rollout of its industrial projects, including a planned facility in Teruel, Spain.

New international investors and existing shareholders participated in the Series B round, led by InnoEnergy, CMA CGM, the European Innovation Council, and Spanish family office G3T. Finadvice, a Zurich-based corporate finance advisory firm focused on deep tech, acted as a strategic financial advisor and also participated in the investment round, alongside Swiss and Polish family offices.

The company has also appointed Thierry Galvez as Production Site Director of ROSI Alpes. Galvez assumed the role on April 1, 2026.

“This funding marks an important milestone for ROSI,” said Yun Luo, President and Co-founder of ROSI. “It gives us the means to accelerate our industrial deployment, strengthen our operational execution, and prepare for a new phase of growth in Europe. Our ambition is to build a European-scale industrial platform for circular management and the production of strategic raw materials, transforming end-of-life solar panels into a reliable source of high-purity materials for the European industries of tomorrow.”

The company plans to develop a photovoltaic module recycling facility in Teruel with an annual processing capacity of 10,000 tons. The plant will use an integrated and automated production line designed for large-scale deployment. 

According to the company, the facility will process end-of-life solar panels and recover materials, including silver, silicon, copper, aluminum, and glass.

ROSI said the project builds on its first industrial site, ROSI Alpes. The company added that the Spain facility is intended to support a scalable recycling model for photovoltaic modules in Europe and reduce reliance on imported raw materials.

According to Mercom’s Annual and Q4 2025 Solar Funding and M&A report, Global VC and private equity funding in the solar sector in 2025 totaled $3.5 billion across 75 deals, 22% lower than the $4.5 billion raised in 60 deals in 2024. There were eight VC funding deals of $100 million or more in 2025.

In 2025, OnePlanet Solar Recycling (OnePlanet), an advanced materials recovery processor specializing in end-of-life solar modules, secured $7 million in a seed financing round led by Khasma Capital, a low-carbon infrastructure investment firm.