This transaction is a milestone in the development of Mylight150, a cleantech company specialized in the installation of solar self-consumption and smart solutions. The Lyon-based company announced that it had raised €100 million to expand its offering in France, Spain, and other European countries.

This round of financing, co-led by Eiffel Investment Group, Azora Capital, and Andera Partners, with the involvement of long-standing investor Elevation Capital Partners, was carried out alongside the investment bank Longreach Capital. Founders Ondine and Virgile Suavet maintained their majority stake. Mylight150 plans to fully dedicate these new funds to its growth and R&D investments.

Founded in 2014, Mylight150 has become a leading player in the field of self-consumption energy solutions. It expanded its offer by enabling private individuals to buy and sell electricity at the best price. Group sales rose from €20 million in 2019 to €90 million last year and are set to reach €120 million this year. Mylight150 already exports its solutions to Spain, Switzerland, and Romania, and intends to follow an ambitious European growth plan, which will begin in Spain next year. To support the group’s growth, innovations in heat pump and electric vehicles chargers are also under development.

“We are proud to have been alongside Eiffel IG during this transaction, which will enable Mylight150 to consolidate its growth and strengthen its position as a leader in the field of self-consumption energy solutions. This partnership demonstrates our commitment to innovation and the energy transition, and we are convinced that it will be part of shaping a more sustainable future.” commented Sébastien Smercan, Partner at Eight Advisory.

Eight Advisory team members on this transaction:

Financial due diligence: Lionnel Gérard and Sébastien Smercan, Partners, and Youssef Khadiri, Manager
Tax due diligence: Guillaume Rembry, Partner, Attorney-at-law, and Guillaume Exerjean, Attorney-at-law
Legal due diligence: Barbara Jouffa, Partner, Attorney-at-law, and Mathilde Tanniou, Attorney-at-law