# Bpifrance's Energy Investments: 23 Startups in Its Portfolio (2026) > The 23 Energy startups Bpifrance has backed, by stage: $6.9B raised between them. From the rounds we track; updated nightly. Source: https://millionrounds.com/portfolio-maps/bpifrance-energy-portfolio (Millionrounds; every figure on the page links to its filing or article) ## Pre-seed and seed 11 - [HEXANA](https://millionrounds.com/company/hexana) - [Geolinks](https://millionrounds.com/company/geolinks) - [*I* Injectpower](https://millionrounds.com/company/injectpower) - [Novacium](https://millionrounds.com/company/novacium) - [NRJx](https://millionrounds.com/company/nrjx) - [Fractal Energy](https://millionrounds.com/company/fractal-energy) - [Melia](https://millionrounds.com/company/melia) - [Aeronde](https://millionrounds.com/company/aeronde) - [Vision Technology](https://millionrounds.com/company/vision-technology) - [TerriFlux](https://millionrounds.com/company/terriflux) - [Entent](https://millionrounds.com/company/entent) ## Stage not reported 10 - [*N* Northvolt](https://millionrounds.com/company/northvolt) - [Vulcan Energy Resources](https://millionrounds.com/company/vulcan-energy-resources) - [Actility](https://millionrounds.com/company/actility) - [Qair](https://millionrounds.com/company/qair) - [Helexia Group](https://millionrounds.com/company/helexia-group) - [Elements](https://millionrounds.com/company/elements) - [Citron](https://millionrounds.com/company/citron) - [Advizeo](https://millionrounds.com/company/advizeo) - [EZ Wheel](https://millionrounds.com/company/ez-wheel) - [Lhyfe](https://millionrounds.com/company/lhyfe) ## Series B 2 - [ROSI](https://millionrounds.com/company/rosi) - [Eco-Tech Ceram](https://millionrounds.com/company/eco-tech-ceram) ## Segment by segment ### Pre-seed and seed 11 startups · $42M raised - [**HEXANA**](https://millionrounds.com/company/hexana) HEXANA is a French industrial startup founded in 2023 and based in Aix-en-Provence. France $16M - [**Geolinks**](https://millionrounds.com/company/geolinks) Geolinks is a Deep Tech startup founded in 2019, focused on developing innovative geophysical monitoring solutions. France $7.2M - [*I* **Injectpower**](https://millionrounds.com/company/injectpower) Injectpower develops ultra-miniaturized, high-energy-density, rechargeable, dependable, and ultra-safe micro-batteries. France $6.9M - [**Novacium**](https://millionrounds.com/company/novacium) Novacium operates as an innovative start-up that specializes in the next generation material development. France $4.0M - [**NRJx**](https://millionrounds.com/company/nrjx) NRJx is a French Greentech and CleanTech startup based in Clichy, founded in May 2023 by Alexandre Kipp and Cédric Faucheux. France $2.2M - [**Fractal Energy**](https://millionrounds.com/company/fractal-energy) At Fractal Energy, we combine smart storage (BESS) with a cutting-edge Virtual Power Plant (VPP) to revolutionize demand load management. France $2.1M - [**Melia**](https://millionrounds.com/company/melia) Melia is an engineering consulting firm carries out forest studies and environmental studies. France $1.9M - [**Aeronde**](https://millionrounds.com/company/aeronde) Aeronde 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 - [*N* **Northvolt**](https://millionrounds.com/company/northvolt) Sweden $5.0B - [**Vulcan Energy Resources**](https://millionrounds.com/company/vulcan-energy-resources) Vulcan Energy Resources is a mineral exploration company that provides natural energy. Australia $1.4B - [**Actility**](https://millionrounds.com/company/actility) Actility provides smart energy management, machine-to-machine(M2M) and Internet of things(IoT) services. France $117M - [**Qair**](https://millionrounds.com/company/qair) Qair is an Independent Power Producer (IPP) that operates 860 MW of renewable energy generation assets. France $100M - [**Helexia Group**](https://millionrounds.com/company/helexia-group) Helexia Group delivers energy performance, engineering, and financing solutions for sustainable building energy and decarbonization. France $58M - [**Elements**](https://millionrounds.com/company/elements) ELEMENTS is an image recognition engine research and development company. France $55M - [**Citron**](https://millionrounds.com/company/citron) Citron® is a French technology company founded in 2011 that focuses on digitizing energy management for businesses, local governme France $22M - [**Advizeo**](https://millionrounds.com/company/advizeo) Advizeo offers energy management solutions and consulting services for communities and real estate agents. France $5.8M ### Series B 2 startups · $42M raised - [**ROSI**](https://millionrounds.com/company/rosi) ROSI is a company offering innovative solutions for recycling and revalorization of raw materials in the PV industry. France $23M - [**Eco-Tech Ceram**](https://millionrounds.com/company/eco-tech-ceram) Eco-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. ## More portfolio maps [All portfolios](https://millionrounds.com/portfolio-maps) [Sector portfolio **Bpifrance's AI portfolio** 99 startups · $11B](https://millionrounds.com/portfolio-maps/bpifrance-ai-portfolio)[Sector portfolio **Bpifrance's Biotech portfolio** 93 startups · $3.4B](https://millionrounds.com/portfolio-maps/bpifrance-biotech-portfolio)[Sector portfolio **Bpifrance's Healthtech portfolio** 46 startups · $1.5B](https://millionrounds.com/portfolio-maps/bpifrance-healthtech-portfolio)[Sector portfolio **Bpifrance's Fintech portfolio** 39 startups · $1.5B](https://millionrounds.com/portfolio-maps/bpifrance-fintech-portfolio)[Sector portfolio **Bpifrance's IT Services portfolio** 31 startups · $51M](https://millionrounds.com/portfolio-maps/bpifrance-it-services-portfolio)[Sector portfolio **Bpifrance's Agtech portfolio** 30 startups · $429M](https://millionrounds.com/portfolio-maps/bpifrance-agtech-portfolio) ## Raising from investors like Bpifrance? Find the investors who back startups like yours, with their cheques, rounds and partners, in the app with filters, lists and exports. [Find investors](https://millionrounds.com/login?join=1&next=/app/investors)[Market maps](https://millionrounds.com/market-maps)