Paris-based climate tech startup Ensol, which provides energy equipment to help households transition to solar power and reduce energy costs, has secured €14 million in funding led by BREEGA, with support from Better Angle.
- Founded in 2023 by Paul de Preville and Martin d'Hoffschmidt, Ensol provides residential energy solutions that include solar panels, batteries, charging stations, and heat pumps.
- The company addresses the main obstacle to solar adoption, upfront costs, by offering a subscription model with no initial investment and monthly payments that are lower than the energy savings.
- Ensol delivers a comprehensive service, from estimating the potential savings to installing and managing the system. Their approach ensures that customers can independently generate and manage their energy, aiming to make the transition to solar both accessible and cost-effective for households.
- For the last year, Ensol claims to have generated €4 million in revenue, secured €7 million in bookings, achieved 98% customer satisfaction, and expanded from PACA to Occitanie, with plans to move into Nouvelle-Aquitaine.
Details of the deal
- The fresh funding was led by BREEGA, a Paris-based venture capital firm managing €700 million in assets, with main offices in London and Paris. BREEGA supports digital, climate, and deep tech ventures from pre-seed to Series A+ across Europe and Africa.
“We backed ENSOL for their vision, their momentum, and their ability to execute. Solar isn’t just the sustainable choice anymore—it’s the obvious one. ENSOL makes energy savings the new standard," claims François Paulus, co-founder and Executive Chairman at BREEGA
- Better Angle, a Paris-based venture capital firm that invests in pre-seed and seed startups across Europe, also joined the round.
