Archive · 20 Jan 2026
PolyCycl's Plastic Recycling Tech Enters Commercial Phase
PolyCycl is a company that has been working on a special way to recycle plastics that are usually hard to recycle.
They have developed a technology that turns old plastics into oils that can be used to make new plastics.
After many years of research, they are now ready to start using this technology in factories.
A company called Rainmatter, which is part of Zerodha, has invested money in PolyCycl to help them grow and work with other big companies.
This technology is important because it helps reduce waste and makes the plastic industry more sustainable.
PolyCycl, a Chandigarh-based startup, has developed a chemical recycling platform for hard-to-recycle plastics.
The technology converts end-of-life plastics into liquid hydrocarbon oils, which can be refined into new plastics.
PolyCycl received a Series A investment from Rainmatter to accelerate commercial deployments.
The company's approach is designed for continuous operations and industrial scale, integrating into existing petrochemical value chains.
PolyCycl operates on a licensing-led model and aims to expand both domestically and internationally.
- Who
- PolyCycl, a Chandigarh-based deep-tech startup, and Rainmatter, Zerodha’s climate-focused investment arm
- What
- PolyCycl's chemical recycling technology for hard-to-recycle plastics has entered the commercial phase
- When
- The technology was validated in 2025, and the company is now scaling up
- Where
- Chandigarh, India, with plans for domestic and international expansion
- Why
- To tackle the sustainability challenge of recycling hard-to-recycle plastics and promote circular economy
- Company
- PolyCycl
- Founded
- 2016
- Location
- Chandigarh, India
- Technology
- Chemical recycling of hard-to-recycle plastics
- Investor
- Rainmatter (Zerodha’s climate-focused investment arm)
- Investment Type
- Series A
- Technology Validation
- 2025 with Generation VI platform
- Business Model
- Licensing-led