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HomeFunding France-based Cleantech Company mylight150 Secures €100M in Funding

[Funding alert] France-based Cleantech Company mylight150 Secures €100M in Funding

Mylight150, a cleantech company based in France, secures €100 million. The private equity firm Azora Capital, based in Spain, participated in the round through its Azora European Climate Solutions Fund, Andera Partners, through its Andera Smart Infra I fund, and Eiffel Investment Group, through its Eiffel Essentiel fund.
Ondine & Virgile Suavet, Co-founders and Co-CEOs of mylight150

Mylight150, a cleantech company based in France, secures €100 million. The private equity firm Azora Capital, based in Spain, participated in the round through its Azora European Climate Solutions Fund, Andera Partners, through its Andera Smart Infra I fund, and Eiffel Investment Group, through its Eiffel Essentiel fund.

The company plans to install and expand its solar ecosystem offering in France, Spain, and other European nations with the funds that it has raised. Mylight150 is a cleantech startup that was founded in 2014 by co-CEOs Ondine and Virgile Suavet with the objective of making solar energy the primary energy source in Europe.

Read also – London-based Runna Secures £5M in Funding

From solar panels to a virtual solution for storing electricity, it creates and offers cutting-edge goods and services involving energy supply and control. Additionally, the organisation provides a new energy environment that synchronises production, consumption, comfort, and strength pricing for both professionals and individuals.

Under the Mylight Systems brand, the company developed its own energy management system, virtual battery MySmartBattery, and solar panels. Installers in France, Spain, Romania, and Switzerland can choose from a variety of products and services provided by its distribution network, Alaska Energies.

Read also – Madrid-based Electric Mobility Velca Secures €5.3 Million in Series A Round Funding

About mylight150 group

The mylight150 group, which was established in 2014, is working to create a world where everyone generates their own electricity to guarantee autonomous use and long-term abundance. The mylight150 teams work tirelessly every day to create the hardware and software infrastructures necessary to support the implementation of a decentralised, green energy strategy.

Read also – German Startup Unchained Robotics Secures €5.5 Million in Funding

Since buildings are a major source of energy consumption, we aim to turn them into a major source of renewable energy.

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