About Ikaros Solar
Ikaros Solar is an Energy & Utilities company based in Schoten (Belgium) founded in 2006, and was acquired by Eurazeo in January 2022. OM and EPC services are provided to the PV industry. Ikaros Solar has raised $21.24 million across 1 funding round from investors including Eurazeo and Omnes Capital. Ikaros Solar offers products and services including Photovoltaic Systems, Project Management Services, and Sustainable Operations. Its focus areas include Energy, Solar Energy, Project Development Services and Project Developers. Its legal entity in India is Ikaros Kinetic Solar Private Limited (U29242PN2013FTC145854). Its competitors include SolarPower Europe, Perpetum Energy and Group Machiels.
Company details
Ikaros Solar was established in 2006 in Schoten, Belgium, as a provider of operations and maintenance (OM) and engineering, procurement, and construction (EPC) services within the photovoltaic (PV) sector. These services are directed toward utility-scale project developers as well as industrial and commercial clients implementing rooftop solar installations. Operations are centered in Belgium, supporting the setup and ongoing management of solar projects across various scales.
- Headquarters Schoten, Belgium
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Website ikaros-solar.eu
- Social LinkedIn X Facebook
- Acquired by Eurazeo (Jan 2022)
- Legal Name Ikaros Kinetic Solar Private Limited
- Date of Incorporation 01 Jan, 2013
- Jurisdiction Pune, Maharashtra, India
Associated legal entities of Ikaros Solar
Ikaros Solar operates through Ikaros Kinetic Solar Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2018) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ikaros Kinetic Solar Private Limited CIN U29242PN2013FTC145854 | Active | 01 Jan 2013 | Pune, Maharashtra | 2 | View details |
Products & Services of Ikaros Solar
Ikaros Solar offers a comprehensive portfolio of products and services, including Photovoltaic Systems, Project Management Services, and Sustainable Operations.
Designs and installs solar systems for efficient energy production.
Manages solar project phases from planning to maintenance.
Monitors and maintains solar installations for optimal performance.
Funding Insights of Ikaros Solar
Ikaros Solar has successfully raised a total of $21.24M through 1 strategic funding round. The most recent funding activity was a Private Equity Round of $21.24 million completed in March 2011. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $21.24M
- Total Rounds 1
- Last Round Private Equity Round — $21.24M
- First Round $21.24M
(Mar 2011)
- Investors Count 1
All 1 funding rounds of Ikaros Solar with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2011 | $21.24M | Private Equity Round | – | – |
2 investors in total: 2 institutional.
Investors in Ikaros Solar
Ikaros Solar has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Eurazeo and Omnes Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm focused on energy transition and sustainable investments across Europe. | omnescapital.com | |||
Private equity and debt investments are managed across multiple sectors. | 1969 | eurazeo.com | Paris, France |
Investor details for Ikaros Solar
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Board of directors of Ikaros Kinetic Solar Private Limited (Ikaros Solar)
Ikaros Kinetic Solar Private Limited is the primary company behind Ikaros Solar. The board of Ikaros Kinetic Solar Private Limited currently have 2 directors; the longest-serving is Yves Jacques Paul Devis, appointed in 2013. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Yves Jacques Paul Devis DIN 06407275 | Nominee Director | 01 Jan 2013 | 13 yrs 10 mo | Ikaros Kinetic Solar Private Limited |
| Marc Maurice Francois Henri Devis DIN 06602245 | Nominee Director | 17 Jun 2013 | 13 yrs 4 mo | Ikaros Kinetic Solar Private Limited |
Financials of Ikaros Solar
Figures of Ikaros Kinetic Solar Private Limited, the primary company behind Ikaros Solar, for FY 2018. Net loss was -₹1.2 Lakh (0% margin). EBITDA was -₹1.2 Lakh (0% margin). Revenue has grown at a compounded annual rate of -100% over three years.
- -₹1.2 LakhNet loss · 0% margin
- -₹1.2 LakhEBITDA · 0% margin
- ₹3.47 CrPaid-up capital
- -100%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Ikaros Kinetic Solar Private Limited are on its company page.
Detailed financial statements for Ikaros Solar
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Timeline of Ikaros Solar
3 dated milestones of Ikaros Solar across 16 years, from founding to its latest funding, stage changes and deals.
- Founded Ikaros Solar is founded.
- Funding First funding round of $21.2M.
- Exit Acquired by Eurazeo.
Competitors of Ikaros Solar
Ikaros Solar has 3 listed competitors in our database. They include SolarPower Europe, Perpetum Energy and Group Machiels.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| solarpowereurope.org | 1985 | Brussels, Belgium | 37 | Developer of solar energy projects | ||
| perpetumenergy.com | 2007 | Nazareth, Belgium | 17 | Provider of end-to-end electrical decarbonization solutions through smart combination of photovoltaic energy and wind power | ||
| machiels.com | 1941 | Hasselt, Belgium | 7 | Renewable energy and construction projects are developed internationally. |
Detailed competitors of Ikaros Solar
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Related news about Ikaros Solar
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Frequently Asked Questions about Ikaros Solar
Ikaros Solar was founded in 2006 and raised its 1st funding round 5 years after it was founded.
Ikaros Solar is headquartered in Schoten, Belgium. It is registered at Schoten, Antwerp, Belgium.
Ikaros Solar is a funded company, having raised a total of $21.24M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $21.24M, raised on Mar 2011.
Ikaros Solar was established in 2006 in Schoten, Belgium, as a provider of operations and maintenance (OM) and engineering, procurement, and construction (EPC) services within the photovoltaic (PV) sector. These services are directed toward utility-scale project developers as well as industrial and commercial clients implementing rooftop solar installations. Operations are centered in Belgium, supporting the setup and ongoing management of solar projects across various scales.
Ikaros Solar's top competitors include SolarPower Europe, Perpetum Energy and Group Machiels.
Ikaros Solar offers Photovoltaic Systems, Project Management Services, and Sustainable Operations.
Ikaros Solar has 2 investors. Key investors include Eurazeo, and Omnes Capital.
Ikaros Solar operates through Ikaros Kinetic Solar Private Limited.
Yes. Ikaros Solar was acquired by Eurazeo in January 2022.
The legal entities of Ikaros Solar currently have 2 directors, including Marc Maurice Francois Henri Devis, Yves Jacques Paul Devis.