# Solar Materials

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/solar-materials

- Industry: Renewable Energy
- Headquarters: Magdeburg, Germany
- Website: www.solar-materials.com/
- Total disclosed funding: $39M
- Latest round: Series B (Mar 27, 2026)
- Investors on record: 6

## About

Founded in 2021 and based in Magdeburg, Germany, Solar Materials GmbH, operates as a developer of new and innovative technologies for solar module recycling. In April 2026, Solar Materials GmbH raised EUR 20 million series B funding from European Innovation Council, NOVA by Saint-Gobain, BMP, and First Imagine!.  As of 2023, the company is led by its managing directors, Fridolin Franke, and Jan Bargel, and has partnered with companies like JPM Silicon and WWF.

Solar Materials offers recycling services for photovoltaics to extract materials like glass, aluminum, various plastics, silicon, copper, and silver that can be further used in production.

The company uses physical-mechanical processes to recycle photovoltaic modules and solar modules.

The company will use the April 2026 funding to expand solar-panel recycling capacity in Germany and to accelerate expansion into additional European markets.

## Funding rounds

- Series B, Mar 27, 2026, $23M — BMP, First Imagine!, NOVA Saint-Gobain, SMU Beteiligungs GmbH, European Innovation Council
- Series A, Apr 26, 2024, $13M — BMP, Katapult, First Imagine!
- Seed, Feb 16, 2023, $2.7M — BMP, Katapult, First Imagine!
- Seed, Nov 10, 2021 — BMP

## Investors

- BMP (https://capitalatlas.ai/funds/bmp) — Seed, Series A, Series B
- Katapult (https://capitalatlas.ai/funds/katapult) — Seed, Series A
- First Imagine! (https://capitalatlas.ai/funds/first-imagine) — Seed, Series A, Series B
- NOVA Saint-Gobain (https://capitalatlas.ai/funds/nova-saint-gobain) — Series B
- SMU Beteiligungs GmbH — Series B
- European Innovation Council (https://capitalatlas.ai/funds/european-innovation-council) — Series B