mylight150 Raises €100M in Funding

FRANCE – mylight150, a Lyon, France-based cleantech company which specializes in energy transition, raised €100M in funding.

The round saw participation from Eiffel Investment Group through its Eiffel Essentiel fund, Azora Capital (the Spain-based private equity group) through its Azora European Climate Solutions Fund and Andera Partners through its Andera Smart Infra I fund.The company intends to use the funds to deploy and expand its solar ecosystem offering in France, Spain, and other European countries. Founded in 2014 by co-CEOs Ondine and Virgile Suavet, mylight150 is a cleantech company that aims to make solar power the leading source of energy in Europe. It designs and distributes innovative products and services, ranging from solar panels to a virtual electricity storage solution, including energy management and energy supply. The company also offers individuals and professionals a new energy ecosystem that synchronizes consumption, production, comfort, and electricity prices.
The group has developed its own solar panels, the virtual battery MySmartBattery, and its Energy Management System under the Mylight Systems brand. Its distribution network, Alaska Energies, offers a wide range of products and services to installers throughout France, Spain, Romania, and Switzerland.04/12/2023