Fund the energy renovation works!
ECAIR is an innovative company specializing in financing energy renovation work.
ECAIR is seeking to raise 1,000,000 € to continue funding the rapid development of its business.
These funds will be used to finance the construction companies partnering with ECAIR under the MaPrimeRénov’ scheme, funded by the National Housing Agency.
This new tranche will benefit from a trust-security mechanism set up to control the use of funds, secure claims, and protect investors.
You can watch our Total Energies Invest X ECAIR Webinar at any time to learn more about the company ECAIR and the trust-security mechanisms used to secure the investment.
ECAIR has already been the subject of several fundraising campaigns on Total Energies Invest.
The offer
Type of Operation
The crowdfunding operation by ECAIR aims to raise up to €1,000,000 in the form of bond debt, in one tranche.
Use of Funds
The funds raised will be used exclusively to finance advances to ECAIR’s partner construction companies whose work has been certified and benefits from the MaPrimeRénov’ scheme.
The average amount of aid obtained through the MaPrimeRénov’ scheme is approximately €30,000, and the time required for repayment by the ANAH is between 2 and 4 months. Thus, the funds made available should enable the financing of more than 150 energy renovation projects.
Securities
As part of this financing, a security trust will be set up to protect investors. A security trust is a legal structure where assets (such as claims on premiums to be received from the ANAH) are temporarily transferred to an independent entity, called a trustee, which acts as a guarantor.
This mechanism secures ECAIR’s claims and ensures their proper use. In case of problems, the claims cannot be used for other purposes than repaying investors, thus reducing the risks for them.
In practice, the trust will hold the claims constituted by ECAIR on the ANAH aids and will be the direct beneficiary of the payments to be received from the ANAH.
ECAIR will be authorized to draw on the trust account on the condition of respecting a minimum ratio of claims entrusted to the trust, always greater than the net outstanding amount of the bonds.
To date, ECAIR has been able to draw 14.7 million euros from the trust. And the ANAH has paid 8.2 million euros of claims into the trust.
Repayment
The repayment of the bonds can be made either by i) bank refinancing or ii) an increase in ECAIR’s capital.
The claims present in the trust’s assets and the contractual collateralization ratio >1 secure in all cases a repayment capacity thanks to the premiums to be received from the ANAH.
Specifications
Investment phases
- Investment open to everyone
End of project financing
Resources
Simulator
Investment simulation
Ecair Consolidation -
Obligation
8.5%/year over 2 years
Simulation - Rate : 8.5% / year on 2 ans
Initial investment:
€1,000
Repayments and interest:
€1,170
In 4 transfers
| Date | Interest* | Capital | Amount |
| 03/10/2026 | €42.5 | €0 | €42.5 |
| 03/04/2027 | €42.5 | €0 | €42.5 |
| 03/10/2027 | €42.5 | €0 | €42.5 |
| 03/04/2028 | €42.5 | €1,000 | €1,042.5 |
| Total | €170 | €1,000 | €1,170 |
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*Gross interest before tax, including all fees ( view taxation ) The result presented is not a forecast of the future performance of your investments. It is only intended to illustrate the mechanics of your investment over the investment period. The evolution of the value of your investment may vary from what is shown, either increasing or decreasing. |
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Announcements
News on MaPrimeRénov’
The MaPrimeRénov’ service desk reopened at the end of February 2026. Approximately 90,000 MPR Ampleur files are currently in stock at the ANAH and must be validated before the start of the work. The reopening of the service desk will allow the processing of these files to resume, which will significantly boost construction projects in the Ampleur segment, with a mechanical need for pre-financing.
In parallel, on Monogeste, installers are very actively resuming prospecting now that the service desk is reopened. ECAIR is in the process of onboarding many new customers for this offer.
ECAIR therefore expects an acceleration in turnover in the coming months.
The project
Project Context
ECAIR is positioned in the energy renovation sector, a key pillar for the ecological transition in France.
The MaPrimeRénov’ scheme by the ANAH allows individuals to finance up to 90% of their energy renovation work. However, construction companies that carry out these works often face a gap between the end of the projects and the payment of the grants (3-4 months), creating a temporary cash flow need.
To meet this need, ECAIR offers to advance the grant amounts to construction companies once the work is completed and certified by an accredited MaPrimeRénov’ Advisor. This allows companies to ensure the continuity of their activity and increase the number of projects they can undertake.
Business Model
ECAIR relies on a growing network of partner companies carrying out energy renovation work benefiting from the MaPrimeRénov’ scheme.
Once the work is completed, ECAIR calls upon a network of Renov’ Advisors (“MAR”), certified agents for energy audits, who evaluate and certify the eligibility of the work carried out under the MaPrimeRénov’ scheme.
Once the work is certified and the reimbursement application submitted to the ANAH, ECAIR advances the grant amounts to partner companies, retaining a commission to remunerate itself.
Throughout this process, ECAIR is designated by the beneficiary of the work as the administrative and financial representative, allowing it to manage 100% of the exchanges with the various private and public stakeholders.
Here are the steps of financing a project from the perspective of the partner construction company:
Growth and Prospects
ECAIR has already managed to finance 19 projects since the launch of its solution in June 2024, representing a total of €550,000 in MaPrimeRénov’ grants. In the short term, the company aims for 150 projects by the end of 2024 and plans a significant increase in its installer partners, with a target of 146 companies by 2025, and more than 1,000 partner companies by 2027.
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Project owners
Our analysis
Investing in this participatory financing project involves risks, including the risk of total or partial loss of the capital invested. Your investment is not covered by the deposit guarantee schemes established in accordance with directive 2014/49/EU of the European Parliament and of the Council . Your investment is also not covered by the investor compensation schemes established in accordance with Directive 97/9/EC of the European Parliament and of the Council . Return on investment is not guaranteed. This is not a savings product, and we recommend that you not to invest more than 10% of your net assets in participatory finance projects. You may not be able to sell the investment instruments when you wish. If you are able to sell them, however, you may incur losses.
