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Beyond Renewables & Recycling raises pre-seed round led by Momentum Capital

EntrackrEntrackr · 2d ago
Beyond Renewables & Recycling raises pre-seed round led by Momentum Capital
Medial

Climate-tech startup Beyond Renewables & Recycling has raised Rs 5 crore in a pre-seed funding round led by Momentum Capital, a US-based venture capital fund, along with participation from Venture Catalysts, IIMA Ventures, Oorjan Cleantech, and Gautam Das. The fresh funds will be used 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. Co-founded in 2024 by Manhar Dixit and Vedant Taneja, Beyond Renewables & Recycling is a sustainability-focused startup creating a circular economy for the solar industry. Through its proprietary recycling technology, the company recycles end-of-life solar panels and recovers over 95% of the constituent materials, including high-purity glass, silicon, silver, copper, and aluminum. As per a market research, 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. Using a combination of advanced thermal and chemical treatments, Beyond Renewables 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. According to Beyond Renewables, it has developed a multi-channel waste sourcing strategy, partnering with asset developers, EPCs, manufacturers, and dismantlers to secure a consistent waste supply. 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. 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.

49 cleantech startups working towards making India greener

Inc42Inc42 · 1y ago
49 cleantech startups working towards making India greener
Medial

Inc42 has compiled a list of 51 Indian cleantech startups that are contributing to India's clean energy goals. These startups are working on various innovative solutions such as rooftop solar energy, biomethanation technology, air and water purification, and more. The startups mentioned in the list include 75F, Ace Green Recycling, AirOk, Bambrew, Buyofuel, Chakr Innovation, Clairco, altM, CleanMax Enviro Energy Solutions, Devic Earth, EdgeGrid, Electriq, Freyr Energy, Gegadyne Energy, GPS Renewables, Greenjoules, Greenko Group, h2e Power Systems, Hygenco, Inficold, ION Energy, Log9 Materials, Lohum, Loom Solar, Metastable Materials, MYSUN, Nepra, NewTrace, Orb Energy, Oorjan Cleantech, OxyGarden, Pi Green Innovations, Prescinto, Proklean, reNew Power, rePurpose, Sea6 Energy, SenseHawk, Skilancer Solar, Solar Ladder, SolarSquare, Swajal, The Energy Company, Uravu Labs, Varaha, WEGoT, Zenatix, and ZunRoof.

PeakAmp raises $1.37 Mn in Seed round led by Caret Capital

EntrackrEntrackr · 1m ago
PeakAmp raises $1.37 Mn in Seed round led by Caret Capital
Medial

PeakAmp raises $1.37 Mn in Seed round led by Caret Capital Battery circularity company PeakAmp has raised Rs 12 crore (about $1.37 million) in a seed funding round led by Caret Capital, with participation from IIM Ahmedabad Ventures, Basant Sharma and Group, and other investors. Co-founded in 2024 by Vijay Gond and Aditya Sudhanshu, PeakAmp is building a full-stack solution for end-of-life (EOL) EV battery management. From safe collection and second-life repurposing to high-purity material recovery, the startup aims to transform end-of-life batteries into valuable resources, driving India’s clean energy transition and circular economy. According to the company, its tech-enabled solution focuses on collection, segregation, and recycling of lithium-ion batteries, including second-life repurposing and high-purity material recovery. PeakAmp seeks to establish a circular economy for batteries by leveraging strategic partnerships and advanced technology. “Our mission is not only to tackle battery waste but also to set global standards for sustainable resource recovery and make circularity integral to India’s clean energy future, propelling the country towards true energy sovereignty and a global leadership role in circular innovation,” said Vijay Gond, Co-founder of PeakAmp. Market research estimates that India’s EV market will surge from $35 billion in 2024 to $111 billion by 2029, with over 80 million EVs expected on the roads. PeakAmp claims that its advanced materials-recovery technology delivers over 99% efficiency and purity for critical metals such as lithium, nickel, and copper, supported by a growing reverse-logistics network to safely transport and trace end-of-life batteries. The startup also said it has executed successful pilots with leading industry players and is forging partnerships across the battery lifecycle—from collection and logistics to disassembly and materials recovery.

Startups: Key To Economic & Geopolitical Risk Mitigation Through Circularity

Inc42Inc42 · 1y ago
Startups: Key To Economic & Geopolitical Risk Mitigation Through Circularity
Medial

The growth of renewable energy is driven by advancements in solar and wind technologies available through startup-led markets worldwide. However, most of India's energy still comes from coal, making up 80% of the energy mix. This dependence on coal and limited supply of energy transition materials pose economic and geopolitical risks. Material circularity, achieved through initiatives like battery recycling and repurposing startups, can mitigate these risks and ensure energy security. Various international initiatives are also promoting sustainable practices in the energy sector. Startups are crucial in driving innovation and accelerating the adoption of new technologies in the transition to a circular economy.

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