The French startup Heliup, which develops and produces various solar solutions dedicated to large building roofs, has just completed a fundraising of 10 million euros. Business Cool spoke with Yannick Veschetti, co-founder and CEO of this startup. The latter explained to us his career as well as his future projects with Heliup.
Everything you need to know about Heliup
Who are you ?
My name is Yannick Veschetti, I am an INSA Rennes engineer, Doctor in Physical Sciences and also Research Director at CEA. Specialized in the field of solar photovoltaics, I have had various professional experiences as project manager, laboratory manager, platform manager or even department head. In September 2022, I co-founded the startup Heliup of which I am currently CEO.
What does Heliup do?
Heliup develops and produces lightweight solar solutions dedicated to large building roofs. This involves large-scale manufacturing of solar panels. The technology is certified and ready for commercialization. A first project has just been completed. Communication will be made with our partner at the end of the year.
Heliup’s fundraising
Why did you raise 10 million euros?
We have chosen to raise funds in order to invest in a new production line of 100 MWp/year (i.e. 500,000 m² of panels). We also plan to continue innovation and increase our workforce.
Why did you choose to bring these investors into your capital?
Heliup has chosen to bring Starquest Capital, EIT Innoenergy, BNP Paribas Développement and the IDEC group into its capital.
The 4 players, namely IDEC, EIT Innoenergy, Starquest and BNP, represent for us a pool of quality investors with the following interests:
- Good knowledge of the sector
- Willingness to develop impactful projects
- Strong financing capacity over time
- Very good understanding during the lifting process
What will Heliup look like in 5 years?
In five years, Heliup will be a major European industrial player in the industrialization of photovoltaic components and a player who will significantly contribute to the deployment of solar power on roofs.
