Beyond Renewables & Recycling, a solar module recycling startup, has raised ₹50 million (~$563,281) in pre-seed funding led by Momentum Capital to accelerate the development of its proprietary recycling technology, strengthen its waste supply chain, and scale operations.

Founded in 2024 by Manhar Dixit and Vedant Taneja, Beyond Renewables claims to have validated its recycling process at the lab scale, achieving high recovery and purity rates for materials such as silver and silicon.

This is the company’s first external fundraise.

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 company points out that India’s rapid solar adoption is expected to generate nearly 1.2 million tons of solar 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, according to the company.

Beyond Renewables claims 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.

The company said it uses a combination of advanced thermal and chemical treatments to extract aluminum, glass, silicon, copper, and precious metals such as silver with high purity, transforming hazardous waste into a valuable source of sustainably sourced minerals.

The company has developed a multi-channel waste sourcing strategy, partnering with asset developers, EPCs, manufacturers, and dismantlers to secure a consistent waste supply. Its focus on eco-effective, high-value recycling differentiates it from existing players that often rely on less efficient mechanical extraction methods.

Beyond Renewables has begun commissioning its first industrial-scale facility in Rajasthan. With over 2,000 metric tons of solar waste already in the pipeline, the company is expanding partnerships with module manufacturers, EPC players, and asset owners to secure supply.

Supported by IIT Mandi Catalyst and NSRCEL, the startup is also strengthening its sales channels and has secured letters of intent from buyers for recycled glass, silicon, and other materials.

In September, the Union Cabinet approved a ₹15 billion (~$170.19 million) incentive program to develop India’s recycling capacity for separating and producing critical minerals from secondary sources such as e-waste and lithium-ion battery scrap.

The management of waste generated from solar modules and cells is governed by the E-waste (Management and Handling) Rules, 2022.