On March 15, 2023, SOLARCYCLE, a tech-driven recycling company focused on producing sustainable materials at scale for the solar industry, announced that it has raised $30 million in Series A funding, consisting of both company equity and infrastructure financing. This latest round brings the company’s total funding to $37 million, since its inception a year ago. Wilson Sonsini Goodrich & Rosati advised SOLARCYCLE on the infrastructure financing.

The infrastructure financing, led by Fifth Wall Infrastructure, provides asset-level equity capital for SOLARCYCLE's first-of-a-kind Odessa, Texas factory. Fifth Wall's complementary venture and infrastructure investments address a critical gap in investment for hardware-intensive businesses. The funds will be used to scale the company’s growth in solar panel recycling capacity and expand materials remanufacturing capabilities.

The Wilson Sonsini team that advised SOLARCYCLE on the transaction includes Scott Zimmermann, Matt Bogdan, Barath Chari, and TJ Tingjie Li.

For more information, please see SOLARCYCLE’s press release.