2nd Cycle FlexCo

Based in Austria, 2nd Cycle FlexCo specializes in the automated reuse and recycling of photovoltaic modules, providing innovative solutions to extend the lifespan of solar technology. 2nd Cycle FlexCo, founded in 2024 in Austria, focuses on the automated recycling of photovoltaic modules. The company has successfully executed 1 deal, with its most recent funding round occurring on October 20, 2025, where it raised EUR 1 million from investors including Angels United and eQventure. The company aims for sustainable practices in the solar industry.

2nd Cycle FlexCo specializes in the automated reuse and recycling of photovoltaic (PV) modules, developing innovative solutions aimed at prolonging the lifecycle of solar technology. The company’s core offerings include a fully automated and scalable system designed to process used, dismantled solar modules efficiently and cost-effectively. This system addresses critical issues in the solar industry, particularly the increasing volume of end-of-life solar modules, which are often disposed of in landfills. Their clientele includes solar panel manufacturers, waste management companies, and energy producers seeking sustainable disposal methods or avenues for upcycling their used modules.

2nd Cycle FlexCo’s services extend beyond Austria, targeting European markets where solar energy usage is rapidly expanding, creating a demand for efficient recycling solutions. 2nd Cycle FlexCo’s revenue model is primarily based on B2B transactions, collaborating with solar module manufacturers, energy providers, and recycling facilities. The firm engages in partnerships that facilitate the disposal and recycling of PV modules, providing services such as quality control, damage analysis, and logistics solutions. Business transactions are structured around service agreements that determine pricing based on the volume and type of modules processed.

Additionally, the company may offer subscription-based services for ongoing partnerships that benefit from continuous module testing and recycling. As an integral part of its revenue generation, 2nd Cycle FlexCo also promotes its upcycling and recycling plant, which is expected to drive further engagement and revenue from clients looking to implement sustainable practices in their operations. In October 2025, 2nd Cycle FlexCo raised EUR 1 million in venture funding from new investors including eQventure, Angels United, Buzzard Energy, and Edelsegger Metals. The funding will be utilized to advance development and secure the path to profitability.

The company plans to enhance its product offerings with new solutions for recycling PV modules and is targeting expansion into key European markets where solar energy demand is rising, aiming to establish a stronger presence by 2026.