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SolarCycle

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Solar technology company that builds a circular economy for solar and renewables

Mesa, United StatesFounded 2022Energy
Valuation $100–250M Last recorded · 2023
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for SolarCycle and the history behind them.

About SolarCycle

SolarCycle is a pioneering startup operating in the renewable energy sector, specifically focusing on the recycling of end-of-life solar panels. The company was established by experts in renewable energy, sustainability, and recycling, with a clear vision to create a circular economy for the solar industry. SolarCycle's primary service involves the transportation, sorting, and recycling of expired solar panels, extracting 95% of the value from these panels and returning it to the supply chain. This is a significant improvement on the industry standard recovery rate, which currently stands below 50%.

SolarCycle's business model is geared towards serving solar companies who are committed to sustainable recycling practices. Since its inception in 2022, the company has earned the trust of leading solar companies and has become a member of several industry associations, including the Solar Energy Industries Association's National PV Recycling Program, Advanced Energy United, and American Clean Power. These partnerships not only enhance SolarCycle's credibility but also help to increase the industry's commitment to recycling and environmentally responsible end-of-life management.

SolarCycle's revenue is likely generated from service fees charged to solar companies for the recycling of their expired panels. The company's advanced recycling technology allows it to extract valuable materials such as glass, silicon, silver, copper, and aluminum from old solar panels, which can then be used in the production of new panels. This not only contributes to a domestic supply of essential materials but also promotes a sustainable and environmentally friendly approach to solar energy production.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2022
Headquarters
Mesa, United States
Employees
77
Open positions
1
Dealroom signal
63.4/100
Industry
Energy
Sub-industry
Clean Energy, Waste Solution
Sector
Energy, Recycling, Solar Energy, Sustainable Development Goals, Climate Tech, Circular Economy, Renewable Energy, Hard Tech
Business model
Manufacturing
Client focus
b2b

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES A✓Equity / VC Mar 2023 $30M $120M Closed Loop Partners · Urban Innovation Fund · Prologis Ventures · Fifth Wall Ventures ↗
SEED✓Equity / VC Jun 2022 $6.6M $26M Lyndon Rive · Peter Rive · Tom Dinwoodie · Urban Innovation Fund ↗
Showing the latest 2 of 2 recorded eventsBook a demo for the full funding history →

Growth signals

SolarCycle website traffic

Latest recorded traffic for SolarCycle is 12K monthly website visits, up 50% over the last three months. SolarCycle's team grew 0% over the past year.

Latest monthly visits12K 3-month web change+50% 1-year team growth0%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

9 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed5 investors entered at this stage

  • Lyndon Rive
  • Peter Rive
  • Tom Dinwoodie
  • Urban Innovation Fund
  • Closed Loop Partners

Series A3 investors entered at this stage

  • Fifth Wall Ventures
  • HG Ventures
  • Prologis Ventures

Other known investors1 additional known investor

  • Hexagon
Team profiled 8 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇺🇸 United States97.7%
🇮🇳 India2.3%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about SolarCycle on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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