Sector portfolio · Government fund · France
Bpifrance's Energy portfolio
Bpifrance has backed 23 Energy startups in rounds we track, $6.9B between them, shown by the stage each has reached. The best-funded is Northvolt.
Funding by segment
- Pre-seed and seed$42M11
- Stage not reported$6.8B10
- Series B$42M2
Where they are based
- France21$451M
- Sweden1$5.0B
- Australia1$1.4B
France
Sweden
AustraliaFounded
4 without a founding year on record.
Total raised
- Under $1M3
- $1M to $10M10
- $10M to $50M4
- $50M to $250M4
- $250M to $1B0
- $1B and over2
Each dot is a startup: the year it was founded across, the total it has raised up (each line is ten times the one below). Pick a segment to pick it out.
19 of 23 startups shown; the rest have no founding year or amount on record.
- 1 to 2
- 3 to 7
- 8 to 24
- 25 to 99
- 100 and more
- France21
- Sweden1
- Australia1
Startups by country, 3 countries in all.
Segment by segment
Pre-seed and seed
11 startups · $42M raised
HEXANAHEXANA is a French industrial startup founded in 2023 and based in Aix-en-Provence.France$16M
GeolinksGeolinks is a Deep Tech startup founded in 2019, focused on developing innovative geophysical monitoring solutions.France$7.2M- IInjectpowerInjectpower develops ultra-miniaturized, high-energy-density, rechargeable, dependable, and ultra-safe micro-batteries.France$6.9M
NovaciumNovacium operates as an innovative start-up that specializes in the next generation material development.France$4.0M
NRJxNRJx is a French Greentech and CleanTech startup based in Clichy, founded in May 2023 by Alexandre Kipp and Cédric Faucheux.France$2.2M
Fractal EnergyAt Fractal Energy, we combine smart storage (BESS) with a cutting-edge Virtual Power Plant (VPP) to revolutionize demand load management.France$2.1M
MeliaMelia is an engineering consulting firm carries out forest studies and environmental studies.France$1.9M
AerondeAeronde is an innovative electric donut-shaped airship designed for hovering flights with very low energy consumption and zero emissions.France$1.1M
Stage not reported
10 startups · $6.8B raised
- NNorthvoltSweden$5.0B
Vulcan Energy ResourcesVulcan Energy Resources is a mineral exploration company that provides natural energy.Australia$1.4B
ActilityActility provides smart energy management, machine-to-machine(M2M) and Internet of things(IoT) services.France$117M
QairQair is an Independent Power Producer (IPP) that operates 860 MW of renewable energy generation assets.France$100M
Helexia GroupHelexia Group delivers energy performance, engineering, and financing solutions for sustainable building energy and decarbonization.France$58M
ElementsELEMENTS is an image recognition engine research and development company.France$55M
CitronCitron® is a French technology company founded in 2011 that focuses on digitizing energy management for businesses, local governmeFrance$22M
AdvizeoAdvizeo offers energy management solutions and consulting services for communities and real estate agents.France$5.8M
Series B
2 startups · $42M raised
ROSIROSI is a company offering innovative solutions for recycling and revalorization of raw materials in the PV industry.France$23M
Eco-Tech CeramEco-Tech Ceram is a French industrial thermal engineering company founded in 2014, focused on decarbonizing industrial heat.France$18M
How this map is made. Every startup here works in Energy and has raised money in a round we track that names Bpifrance as an investor. Each sits under the stage of its latest round. Rebuilt nightly; updated 15 November 2026.
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