Reneonix Private Limited

Based in Chennai, India, Reneonix manufactures advanced waste management solutions for glass recycling, utilizing innovative technology to enhance sustainability and promote a circular economy. Reneonix, founded in 2023 in Chennai, India, specializes in waste management solutions for glass recycling. The company recently raised INR 17 million in a pre-seed funding round led by Inflection Point Ventures with participation from the SustainTN, ITEL Foundation, Department of Science and Technology, Startup India Seed Fund Scheme, HDFC Bank Parivartan, and has been incubated at innovation hubs including NSRCEL, IIM Bangalore, ITEL Foundation, Anna Incubator, iTNT Hub, and Crescent Innovation and Incubation Council.. The latest deal occurred on February 26, 2026, and marked the first investment target for the company, totaling INR 17 million raised to date.

Founded by CEO Iwan Richard, along with co-founders Karthik Sankar, COO; Varun Pandithurai, CTO; and Mohammad Mohiyeddin, CCO, Reneonix specializes in advanced waste management solutions for glass recycling, focusing on an integrated, technology-driven approach to promote sustainability within the circular economy. The company's core offerings include the Recycling Infrastructure as a Service (RIAAS) model, which leverages innovative microfactories to efficiently convert glass waste into high-quality raw materials such as cullets, silica, and glass sand. Additionally, Reneonix employs G-REX technology for real-time glass processing and the Retraiz system, which utilizes laser-etched QR codes for precise tracking throughout the lifecycle of glass containers. These products are designed to serve a diverse client base, including recyclers, manufacturers, and government agencies, with the intent of minimizing environmental impact while maximizing economic value.

Reneonix’s solutions are targeted at global markets, emphasizing regions actively pursuing sustainability initiatives and circular economy practices. Reneonix generates revenue through structured transactions, primarily via B2B partnerships with manufacturers and recycling organizations. Their business model includes direct sales of RIAAS and G-REX technology, providing clients with scalable solutions for glass waste management. Transactions facilitate long-term collaborations with stakeholders in the glass manufacturing and recycling sectors, promoting the adoption of sustainable practices.

Pricing plans vary based on specific services employed, such as microfactory deployment or implementation of the Retraiz tracking system, tailored to meet the needs of each client. Their transparent and reliable offerings align with the increasing demand for sustainable supply chain solutions among environmentally-conscious businesses. Reneonix plans to utilize the recent funding of INR 17 million to advance research and development, focusing on hardware innovation and material science. The company aims to build commercial prototypes for AI-driven circular packaging infrastructure, starting with glass recovery and traceability.

Additionally, Reneonix is exploring expansion into new markets, targeting regions with strong sustainability initiatives and circular economy practices by 2026. New products are currently in the design phase, aligning with the company's commitment to enhancing its offerings in waste management and sustainability.