Founded in 2023, Reneonix is building an AI-led circular materials platform starting with glass recycling and processing. Deeptech startup Reneonix has raised ₹1.7 crore in a pre-seed funding round led by Inflection Point Ventures (IPV) with participation from Department of Science and Technology, NSRCEL at IIM Bangalore, SustainTN and ITEL Foundation.
The funds will be deployed toward research and development, with a focus on hardware innovation and material science to advance commercial prototypes.
Founded in 2023, Reneonix is building an AI-led circular materials platform starting with glass recycling and processing. The company offers end-to-end services spanning collection, sorting, processing, logistics and reporting, aimed at helping brands and manufacturers meet circularity and compliance goals.
“Our vision is to make circularity measurable and scalable through AI-led sorting, end-to-end traceability, and material science-driven value creation. Partnering with Inflection Point Ventures has helped us sharpen our execution focus and accelerate our go-to-market,” said Reneonix founder and CEO Iwan Richard.
The startup is currently in the pre-revenue stage and focused on product development and pilot deployments. Its AI-driven traceability framework enables batch-level tracking for quality assurance and compliance, while its hardware-software stack supports scalable operations across cities through local recovery partnerships.
“India’s transition to a circular economy will require more than intent; it will require infrastructure. Reneonix is building exactly that. Their deep-tech approach combining AI-led sorting, material science, and traceability creates measurable circular outcomes for brands and manufacturers. We believe their execution-first model positions them strongly to become a critical infrastructure layer in India’s sustainable packaging ecosystem,” said Mitesh Shah, co-founder, IPV.
Reneonix is also exploring higher-value derivatives such as foam glass to improve monetisation and expand its product portfolio.
Leave a Reply