Heliup, a Savoie-based start-up pioneering lightweight photovoltaic panels, has raised €10 million to transform the large roofs of existing buildings into a source of clean energy.
The round of financing was led by Starquest Capital, a VC fund dedicated to investing in companies working to protect the climate and our resources,along with BNP Paribas Développement, EIT InnoEnergy and the Idec group. Heliup was also supported by BPI France, the France 2030 investment plan and a number of banks, which rounded out the financing for a total of €10 million.
This injection of funds will enable Heliup to finance the installation of a production line for its Stykon ultralight photovoltaic panels with an initial capacity of 500,000 m²/year, i.e. 100 MWp/year, which will be operational in 2024.
DELSOL Avocats assisted Starquest with this transaction, with a multidisciplinary team including
Philippe Malikian, partner, and Pierre Tourret, associate, on the corporate aspects ; and
Philippe Pacotte, partner, and Solène Borocco, associate, on employment law aspects.