OnePlanet Solar Recycling, a Jacksonville, FL-based materials recovery company, raised $7M in seed funding.
The round was led by Khasma Capital.
the company intends to use the funds to support final engineering, permitting, and pre-construction activities for the facility, which is designed to process over 2 million end-of-life photovoltaic (PV) modules annually upon commissioning in 2027, with planned expansions for additional phases totaling 6 million modules by 2030.
Led by CEO André Pujadas, OnePlanet is a materials recovery company specializing in end-of-life solar panels. It is dedicated and committed to support a circular economy, whereby both production and consumption aspires to use and reuse materials, as many times as possible.
In parallel with the equity raise, OnePlanet’s River City project was awarded a $14.5M Investment Tax Credit under the Department of Energy’s competitive Section 48C(e) Advanced Energy Project Program, established by the Inflation Reduction Act. The tax credit specifically supports domestic advanced manufacturing facilities that recover and reintroduce critical materials, such as silicon, aluminum, and copper, back into U.S. supply chains.
FinSMEs
22/04/2025