Participated · Debt Financing · Dec 2025

Founded in 2023 by ex-Lydia executives Maxime Bensadoun and Victor Jolly, ECAIR acts as a financial co-pilot for installers undertaking energy-transition projects. Its platform converts quotations into fully funded projects by offering an integrated capital stack that spans installer working capital and point-of-sale consumer loans. The newly launched consumer-loan product uses an AI-driven underwriting engine that calibrates repayments to a home’s projected energy savings, making projects cash-flow positive from day one. On the B2B side, ECAIR has already deployed more than €8 million in working capital to installers. With electricity prices up 80% and gas 120% in France over the past decade, the company targets a €15 billion French residential renovation market and a €100 billion opportunity across the EU. Proceeds from its latest funding will accelerate product rollout and support expansion across France before scaling further into Europe.

Led · Equity · Oct 2025

Founded in September 2023, Zilo Energie is a pioneer of the solar-as-a-service model in France, purchasing, installing and maintaining photovoltaic systems while customers pay a monthly subscription tailored to each project. The company has seen strong demand since mid-year and plans to own 500 installations totaling 2.5 MW by 2025. Management targets roughly 1,500 installations by the end of 2026 and 10,000 by 2027, concentrating on the 0–36 kW segment that includes residential roofs, family businesses, workshops and small refrigerated warehouses. Each system costs about €10,000, so access to capital is central to growth; the firm expects to spend its latest €2 M raise by February and will need about €15 M for the 2026 goal and €100 M for 2027. To secure larger amounts, Zilo intends to shift from retail crowdfunding to an infrastructure-style funding structure that could attract specialized funds. The product roadmap now extends beyond panels to batteries, energy-management services and upsizing existing arrays, deepening customer relationships. Angel backers such as Arnaud Guyot (Vol-V) and Thierry Roussel (Direct Energie) continue to support the company.

Participated · Equity · Dec 2023

Elements is an independent renewable-energy developer founded in 2016 and based in Montpellier that builds and operates greenfield solar, onshore wind and run-of-river hydro projects. The company pursues a participatory, territory-focused model including crowd investment, municipal engagement and consultation of local stakeholders. Elements is developing an integrated offering it calls Smart Renewable Generator (SRG) to combine solar, wind and hydro outputs and provide smoother decarbonized supply. It currently employs about 100 people across offices in Montpellier, Paris, Lyon, Nantes, Bordeaux and Guadeloupe and plans to double headcount by 2030. Elements is accelerating international expansion in markets where it already operates, notably Italy, Finland and Germany. The firm emphasizes employee share ownership and three ESG priorities: reducing CO2 emissions from power production, supporting local acceptability of projects, and promoting staff shareholding.