# Waga Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/waga-energy

- Industry: Power & Utilities
- Headquarters: France
- Website: www.waga-energy.com
- Total disclosed funding: $2M
- Latest round: Seed (Aug 5, 2015)
- Investors on record: 3

## About

Founded in 2015 and based in France, Waga Energy SA operates as a renewable gas producer company. Mathieu Lefebvre (CEO), Nicolas Paget, and Guénaël Prince are the co-founders of the company. In 2019, Waga Energy SA raised EUR 10 million in venture funding from new investors, Noria and Tertium Investissements. In June 2025, EQT agreed to acquire a 54.1% stake in Waga Energy S.A. for EUR 289 million, or EUR 21.55 per share, in a public-to-private deal. The transaction is expected to close during the second half of 2025.

Waga Energy constructs, owns, runs, and maintains Wagabox units under long-term agreements with landfill owners that split biomethane sales revenue. The Wagabox is a landfill gas upgrading machine that converts low-quality biogas into high-quality biomethane. Wagabox's biomethane can be immediately pumped into the gas grid or utilized as automobile fuel. 

Waga Energy generates revenue primarily by producing and selling Renewable Natural Gas (RNG), also called biomethane, from landfill gas using its proprietary WAGABOX® technology. Additional revenue comes from gas upgrading services, equipment sales, long-term operating contracts, and maintenance services for RNG production facilities.

## Funding rounds

- Seed, Aug 5, 2015, $2M — Air Liquide Ventures, StarQuest, Ovive

## Investors

- Air Liquide Ventures (https://capitalatlas.ai/funds/air-liquide-ventures) — Seed
- StarQuest (https://capitalatlas.ai/funds/starquest) — Seed
- Ovive — Seed