PolyCycl ne ₹26 crore (lagbhag $2.8 million) Series A funding round mein secure kiye hain, jisme Rainmatter, Zerodha ka investment arm, ne lead kiya hai. Yeh paisa unki chemical recycling technology stack ko expand karne ke liye hai, jo India ki plastic waste problem se nipatne mein ek bada kadam hai.
Naye paise ka istemaal industrial partners ke saath milkar commercial projects launch karne mein kiya jayega. PolyCycl apne engineering aur operations teams ko bhi badhane aur domestic & international licensing efforts ko support karne ki planning kar raha hai. Petrochemical aur downstream manufacturing partners ke saath aur engagement bhi ek main objective hai.
2016 mein Amit Tandon dwara founded PolyCycl ki core technology alag-alag plastic waste streams, jaise low-grade aur contaminated materials (single-use polythene bags aur mixed polyolefin packaging), ko hydrocarbon oils mein convert karti hai. Yeh oils companies dwara virgin plastics aur anya cheezein banane mein use kiye ja sakte hain, jo ek circular solution provide karta hai jahan mechanical recycling methods fail ho jaate hain.
India ek badi plastic waste challenge face kar raha hai, jo saalana lagbhag 9.3 million tonnes waste generate karta hai, jo global waste ka ek bada hissa hai. Iska ek bada fraction multi-layered plastics (jaise food wrappers aur sachets) hai, jinhe recycle karna bahut mushkil hai. Conventional methods in materials ka 1% se bhi kam recycle karte hain, jismein se zyada tar landfills ya incineration mein jaate hain, jisse environment aur health ko khatra hota hai, khas kar informal waste pickers ke liye.
PolyCycl ka system ek fully continuous process hai jo per module 100 tonnes plastic waste tak handle kar sakta hai. Company ka kehna hai ki unki technology ne "Technology Readiness Level 7" (TRL 7) achieve kar liya hai, jo extended industrial operations mein successful testing aur commercial scale-up ke liye readiness dikhata hai. Yeh advanced stage zaroori hai kyunki chemical recycling regulatory pushes ke beech traction pakad raha hai jo higher recycling rates aur material circularity ke liye hain, haalanki yeh sector capital-intensive aur technically complex hone ke liye jaana jaata hai.
PolyCycl ko ₹26 Cr mile advanced plastic recycling tech ke liye
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Overview
Bengaluru-based PolyCycl ne Rainmatter, Zerodha ke investment arm, ke led wale Series A funding round mein ₹26 crore secure kiye hain. Yeh paisa unki chemical recycling technology ko scale karne mein madad karega jo hard-to-recycle plastic waste ko hydrocarbon oils mein badalti hai. Isse India ki badi plastic waste problem ko solve karne mein help milegi, jahan har saal lakho ton waste landfills mein jaata hai.
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