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

mylight150 revenue

$110M

Undisclosed stage · Nov 2023

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

Revenue

$110M (Nov 2023)

mylight150 Revenue

mylight150's latest recorded revenue is $110M, as of its undisclosed-stage round in November 2023.

mylight150 revenue by funding round

mylight150 revenue and valuation multiple by funding round
DateRevenue *Stage
Nov 2023$110MUndisclosed stage

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

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$109MEiffel Investment Group, Azora Capital and Andera Partners co-led a EUR 100 million growth financing round in mylight150 in November 2023, with existing investor Elevation Capital Partners also participating. Demeter Partners' Paris Fond Vert, a shareholder since 2020, exited in the round. The proceeds are intended to fund expansion in Spain and other European countries, extend the product range into heat pump and electric vehicle charger optimisation, and build market share and brand awareness. The company has set a target of multiplying its sales by five before 2030. mylight150 designs and distributes smart energy management systems and solar self-consumption solutions for homes. Its offering includes MySmartBattery, a subscription virtual battery that lets homeowners reuse surplus solar power, and GreenPlay, an AI tool that reduces water-heater energy costs. The company was founded in 2014 by co-CEOs Ondine and Virgile Suavet and is headquartered in Lyon, France. It employs about 260 people, more than 70 of them in technology and innovation, and planned to hire 100 more by the end of 2024.
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 GroupFranceParis1LeadNov 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 Helion Energy and Eni Plenitude.

Public and private companies comparable to mylight150
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
IberdrolaSpainSpainPublicly listed$49B$17B$169B4.6x
China Yangtze PowerChinaChinaPublicly listed$13B$11B$110B12.1x
Constellation EnergyUnited StatesUnited StatesPublicly listed$26B$5B$89B3.5x
VistraUnited StatesUnited StatesPublicly listed$18B$5B$42B3.0x
Helion EnergyUnited StatesSeattle, WAPrivate--$16B-
Eni PlenitudeItalyMilanPrivate$11B$1.2B$15B1.3x

mylight150 Public Comps

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

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Aramco$446B$213B4.0x3.5x8.3x7.0x
ExxonMobil$324B$68B2.2x1.7x10.4x7.2x
Chevron$184B$41B2.4x1.8x10.7x6.3x
PetroChina$430B$70B0.9x0.8x5.4x5.2x
Shell$267B$55B1.2x0.9x5.9x4.1x
GE Vernova$38B$3.2B5.0x4.2x59.5x30.9x
TotalEnergies$182B$38B1.2x1.0x6.0x4.1x
NextEra Energy$27B$16B11.1x10.1x18.9x18.3x

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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.
What is mylight150's revenue?mylight150's latest recorded revenue is $110M (November 2023).
Which companies are comparable to mylight150?Companies comparable to mylight150 include Iberdrola, China Yangtze Power, Constellation Energy, Vistra, Helion Energy and Eni Plenitude.

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