mylight150 Funding, Investors & Competitors

mylight150 has raised $118M across 3 funding rounds, most recently a $109M undisclosed-stage round in November 2023.

Last mylight150 funding round

$109M

Undisclosed stage · Nov 2023

Cumulative funding mylight150 raised

$118M

across 3 funding rounds

Key investors in mylight150

  • Andera Partners
  • Elevation Capital Partners
  • Eiffel Investment Group
  • Azora

mylight150 Overview

About mylight150

mylight150 is a Japanese platform promoting residential solar self-sufficiency. It supplies 150W portable solar panels and micro-inverters for off-grid power generation. mylight150 targets urban households in Tokyo and Osaka, facilitating easy balcony installations compliant with local regulations for energy independence.


Founded

2014

HQ

FranceLyon

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

mylight150 Funding History

mylight150 has raised a total of $118M across 3 funding rounds.

mylight150's first fundraising round was a $2M seed round in January 2016. The most recent completed round was a $109M undisclosed-stage round in November 2023.

mylight150 funding rounds

mylight150 funding rounds
DateStageInvestorsRaisedDeal Summary
Nov 2023Undisclosed stageAndera Partners (lead); Azora (lead); Eiffel Investment Group (lead); Elevation Capital Partners$109Mmylight150 is a French société par actions simplifiée (SAS) based in Jonage, operating in the electronics industry with approximately 260 employees and focused on lighting systems, as indicated by related entities like MYLIGHT SYSTEMS. The company received €108.9 million (approximately $108.2M) in funding from investors including Andera Partners, Azora, Eiffel Investment Group, and Elevation Capital Partners around November 2023, marking its primary funding round. For the fiscal year 2023 (January 1 to December 31), mylight150 reported net chiffre d'affaires (revenue) of exactly 14,028,062 euros, aligning closely with the funding round date. The company recorded a significant deficit of 4,717,800.67 euros, with related-party transactions including sales to MYLIGHT SYSTEMS (1,384,464 euros) and ALASKA (750,000 euros), and a 1,250,000 euro impairment on a client receivable from ALASKA. Balance sheet highlights include capital of 1,865,470 euros post-increase and total assets around 18.2 million euros.
Jan 2020Series A-$7Mmylight150, a Lyon, France-based cleantech company founded in 2014 by co-CEOs Ondine and Virgile Suavet, specializes in energy transition solutions to make solar power the leading source of energy in Europe. It designs and distributes innovative products including solar panels, the virtual battery MySmartBattery, and Energy Management System under Mylight Systems, with distribution through Alaska Energies in France, Spain, Romania, and Switzerland. The company raised a €6.5M funding round in 2020, following a €2M seed round in 2016, with participation from Demeter Partners’ Paris Fond Vert fund and Elevation Capital Partners. This round supported the company's development prior to its larger €100M growth capital raise in 2023 from Eiffel Investment Group, Azora Capital, Andera Partners, and Elevation Capital Partners, aimed at expanding solar self-consumption and energy management solutions across Europe.
Jan 2016Seed-$2M-

Who has invested in mylight150?

4 investors have backed mylight150 across its funding rounds, including Andera Partners, Elevation Capital Partners, Eiffel Investment Group and Azora.

Lead investors include Andera Partners, Azora and Eiffel Investment Group.


mylight150 Investors

Investors in mylight150 by funding rounds participated
InvestorHQRoundsRoleFirst check
Elevation Capital PartnersFranceParis1ParticipantNov 2023
Eiffel Investment GroupFranceFrance1LeadNov 2023

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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mylight150 Competitors

mylight150 competitors include listed companies like Iberdrola, China Yangtze Power, Constellation Energy and Vistra, and private ones like Adani New Industries and Helion Energy.

Public and private companies comparable to mylight150
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
IberdrolaSpainSpainPublicly listed$51B$17B$158B4.3x
China Yangtze PowerChinaChinaPublicly listed$13B$11B$104B11.3x
Constellation EnergyUnited StatesUnited StatesPublicly listed$26B$5B$93B3.8x
Adani New IndustriesIndiaAhmedabadPrivate--$50B-
VistraUnited StatesUnited StatesPublicly listed$18B$5B$48B3.3x
Helion EnergyUnited StatesSeattle, WAPrivate--$16B-

mylight150 Public Comps

mylight150 is still privately-owned, but its public comps include Aramco, ExxonMobil, Chevron, PetroChina, Shell, GE Vernova, TotalEnergies, NextEra Energy, ConocoPhillips and Iberdrola.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Aramco$446B$213B3.9x3.7x8.2x7.1x
ExxonMobil$324B$68B2.2x1.8x10.5x8.0x
Chevron$184B$41B2.4x2.0x10.8x7.2x
PetroChina$427B$70B0.8x0.7x4.7x4.4x
Shell$267B$55B1.2x1.0x5.8x4.5x
GE Vernova$38B$3.2B6.2x5.4x73.5x43.5x
TotalEnergies$182B$38B1.3x1.2x6.3x5.0x
NextEra Energy$27B$16B10.5x9.6x17.9x16.2x

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Common questions about mylight150

When was mylight150 founded?mylight150 was founded in 2014.
Where is mylight150 headquartered?mylight150 is headquartered in Lyon, France.
Is mylight150 publicly listed?No, mylight150 is a private, VC-backed company.
How much funding has mylight150 raised?mylight150 has raised $118M across 3 funding rounds.
What was mylight150's last funding round?mylight150's last funding round was a $109M undisclosed-stage round in November 2023, led by Andera Partners, Azora and Eiffel Investment Group.
Who are mylight150's investors?mylight150's investors include Elevation Capital Partners, Eiffel Investment Group, Andera Partners and Azora.
Which companies are comparable to mylight150?Companies comparable to mylight150 include Iberdrola, China Yangtze Power, Constellation Energy, Adani New Industries, Vistra and Helion Energy.

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