A third round of funding for Bulane
. As the inventor of a clean industrial flame powered by hydrogen from water electrolysis, the company is completing a round of funding totaling 14 M€, after having raised 2.7 M€ in 2015 and 2.8 M€ in 2018.
The operation is being conducted with Bulane’s existing investors (IRDI Capital Investissement
), its financial partners (Bpifrance
, Banque Populaire du Sud
, BNP Paribas
, Caisse d’Épargne Languedoc-Roussillon
, Crédit Agricole Languedoc
), along with the entry of well-known entrepreneurs in the field of renewable energies, notably Cédric de Saint-Jouan, through his holding company Vol-V
, Jean-Marc Bouchet through Captain Watt, parent company of Qair
, and Patrice Lafargue through IDEC Invest Innovation
This new round of funding is intended to help Bulane reach the next level. The company has set three strategic objectives for itself, in particular to: (1) consolidate the commercial roll-out of its solutions on an international scale and develop new business models geared towards energy sales; (2) boost development of technological innovations in order to target industrial thermal uses in buildings; and (3) structure its organization by recruiting about thirty people and expanding its industrial capacity. Based in Fabrègues, just west of Montpellier, Bulane currently has a staff of nearly twenty people.
There is more to this round of funding than just financial aspects.
“The funding enables us to attract renewable energy experts with skills that complement our own,” explains Nicolas Jerez, head of the company, whose expansion project is supported by Montpellier Métropole.
Nicolas Jerez is also proud of Montpellier Métropole’s continued support for his company.
“We have benefited from its entire ecosystem from the outset, including the Montpellier BIC, which assisted us with incubation, and Montpellier’s Métropole’s relocation department, which helped us set up in Fabrègues. The ecosystem continues to flourish thanks to MedVallée, a world-class global health cluster that unites all the necessary factors for a company like ours to pursue its growth,” highlights Nicolas Jerez.