# ilek

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ilek

- Industry: Power & Utilities
- Headquarters: Toulouse, France
- Website: www.ilek.fr
- Total disclosed funding: $5.5M
- Latest round: Series A (Sep 4, 2019)
- Investors on record: 3

## About

ilek SAS is a French company focused on providing green energy solutions, offering 100% renewable electricity and gas sourced from local producers for sustainable energy consumption.ilek SAS specializes in delivering renewable energy products, specifically tailored for residential and commercial customers in France. Founded by Companyo Rémy and Julien Chardon, the company is headquartered in Toulouse, France. ilek raised EUR 5 million in Series A funding on September 4, 2019, led by Alter Equity and joined by Groupe BPCE and Kima Ventures. This funding represents the total amount raised by the company, with a current valuation of EUR 14.473 mn.ilek specializes in the provision of green energy solutions, specifically 100% renewable electricity and gas sourced exclusively from local French producers. The company's primary offerings include fixed-rate plans for electricity and gas, designed for both residential and commercial clients seeking sustainable energy alternatives. Customers can subscribe to ilek's services in a streamlined process that takes approximately five minutes, requiring only basic documentation such as an electricity bill, a meter reading, and a bank account statement. ilek’s commitment to renewable energy supports wind, solar, hydroelectric, and biomass production, appealing to environmentally conscious consumers across France.ilek generates revenue primarily through subscription models for its green energy offerings, including electricity and gas plans that are fixed for two years without price increases during the contract term. Customers select their preferred plans based on projected energy consumption, enabling effective expense management. The company’s flagship offerings include the Électricité Fixe and Gaz Fixe plans, both emphasizing sustainability and local production. Revenue is derived from direct-to-consumer transactions, where clients pay a monthly fee based on their energy consumption metrics, ensuring consistent cash flow while promoting adherence to environmentally friendly practices among the clientele.Following its recent Series A funding of EUR 5 million in December 2019, ilek SAS plans to bolster its offerings by developing new products in the green energy sector. The company aims to expand its footprint in additional regions across France, targeting urban areas where demand for renewable energy is growing. Funds raised will support these expansion efforts and enhance product development initiatives, solidifying ilek's position in the sustainable energy market.

## Funding rounds

- Series A, Sep 4, 2019, $5.5M — Kima Ventures, Groupe BPCE, Alter Equity

## Investors

- Kima Ventures (https://capitalatlas.ai/funds/kima-ventures) — Series A
- Groupe BPCE — Series A
- Alter Equity (https://capitalatlas.ai/funds/alter-equity) — Series A