PolyCycl Secures Rainmatter Investment for Chemical Plastic Recycling Deployment
PolyCycl, a chemical recycling firm, has received Series A investment from Rainmatter, Zerodha's climate initiative. This funding will expedite the deployment of PolyCycl's innovative technology, which converts low-grade plastic waste, such as single-use polythene bags, into liquid hydrocarbons. These are refined into feedstock for producing new low-carbon materials, including food-grade virgin plastics. The investment aims to enhance commercial deployments, operational capabilities, and global licensing, fostering plastic-to-plastic circularity for hard-to-recycle plastics at scale.
PolyCycl, a company specializing in chemical recycling, has successfully secured a Series A investment from Rainmatter, the climate and sustainability-focused investment initiative of Zerodha. This significant capital injection is earmarked to support the crucial next phase of deployment for PolyCycl's advanced technology platform, which is designed to enable plastic-to-plastic circularity, particularly for plastics traditionally difficult to recycle.PolyCycl's proprietary technology is a fully continuous chemical recycling process that transforms low-grade waste plastics, such as single-use polythene bags, into valuable liquid hydrocarbon oils. These oils undergo further refinement through a proprietary purification system before being supplied to petrochemical and oil & gas companies. Here, they serve as essential feedstock for the manufacturing of low-carbon materials, notably including food-grade virgin plastics, effectively closing the loop on plastic waste.Amit Tandon, Founder & CEO of PolyCycl, highlighted that their focus has been on developing deep tech capable of reliable industrial-scale operation and seamless integration into circular petrochemical chains. The Rainmatter investment, he noted, significantly strengthens their capacity to transition from technical maturity to broader deployment. Nithin Kamath, Founder at Zerodha and Rainmatter, expressed enthusiasm for backing PolyCycl's efforts to address the pervasive plastic problem with long-term solutions. Abhinav Singh Negi, Business and Investments at Rainmatter, emphasized their philosophy of supporting complex technologies with the potential to reshape entire sectors. He praised PolyCycl's deep engineering focus and the technology's potential for both domestic and international licensing, which is crucial for meaningfully expanding the recycling of hard-to-recycle plastics and building credible circularity at scale. The investment is set to fast-track commercial deployments, bolster engineering and operational capabilities, and establish execution teams to support scale-up and long-term licensing across global markets.
