Solarcycle operates a proprietary recycling technology that extracts about 95% of valuable metals from retiring solar panels (silver, silicon, copper and aluminum) and repurposes panels currently in use. The company serves residential, commercial and industrial (C&I), and utility customers and has signed partnerships with major U.S. solar firms including Sunrun, Silicon Ranch, DEPCOM Power, SOLV Energy, NovaSource, Greentech Renewables, and Forum Energy Partners. Solarcycle opened its first advanced-technology recycling facility in Odessa, Texas and is on track to install capacity to recycle one million solar panels per year by the end of 2023. The company plans to open a vertically integrated, advanced recycling factory capable of processing millions of panels annually in 2024. Leadership is led by Suvi Sharma. The business intends to use new funding to accelerate growth and expand operations. Solarcycle operates a solar-panel recycling platform that the company says can recover more than 95% of vital materials from panels and extract metals including silver, silicon, copper, and aluminum. The company launched its recycling platform last month and announced Sunrun as its first partner. Solarcycle plans to scale advanced recycling operations across North America to handle millions of retiring solar systems. The business was founded this year by industry experts from organizations such as Solaria, NEXTracker, Sierra Club, and the University of New South Wales, and is led by CEO Suvi Sharma. Financially, Solarcycle has secured $6.6 million in growth funding to advance and expand its operations. The company positions itself at the intersection of renewable energy deployment and the circular-economy infrastructure needed to address mineral scarcity and end-of-life waste.

Total raised

$37M

Funding rounds

2

Latest round

Series A

Latest activity

Mar 2023