In a span of ten months, this Swedish company, helping thousands of homes switch to cleaner, cheaper home heating, secures another equity financing.
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Stockholm-based Aira, a company that offers clean energy-based heating solutions, has secured €150M in equity financing.
The investment is secured from existing investors, including Altor, Kallskär1, Kinnevik, Lingotto, and Temasek.
The announcement comes around ten months after raising €63M in equity funding.
Fund utilisation
The funding will accelerate Aira’s operations and the expansion of its intelligent clean energy-tech offering.
The Swedish company will also invest in its R&D centre to develop its integrated product portfolio, while increasing production capacity at its factory in Wroclaw, Poland.
At the same time, Aira will deepen its presence in existing markets and strengthen strategic partnerships with key players in the home and energy sectors to boost market presence and deliver greater cost savings for customers.
“This investment reflects the strong, long-term support of our investors and enables us to build on the substantial foundation we’ve established as we transition from a start-up to scale-up. It empowers us to double down on our mission to take Europe off gas by expanding with operational excellence, launching new innovations, and accelerating our growth to bring clean energy-tech to millions of homes,” says Peter Prem, Aira Group CEO.
Annual sales run-rate of €200M
Since launching in June 2023, Aira has expanded into Germany, Italy, and the UK, rapidly establishing itself as a leading clean energy-tech company in Europe, with an annual sales run-rate of €200M.
The company offers a monthly payment plan, end-to-end service and a 15-year Aira Guarantee.
The company now employs 1,200 people and has opened 18 hubs and four Aira Academies to train highly skilled heat pump installers across Europe.
Aira: Bringing clean energy-tech to every home
Founded in 2022, Aira aims to position itself as Europe’s top direct-to-consumer brand in clean energy technology.
The firm focuses on accelerating the electrification of residential heating through intelligent heat pumps and offers comprehensive home energy-saving solutions.
Aira’s vertically integrated model, paired with a consumer-centric monthly payment plan that requires no upfront costs, enhances its economic competitiveness. The company aims to empower households to participate in the clean energy revolution.
The company is backed by climate and innovation investors, including Altor, the Burda family, Collaborative Fund, Creades, Kallskär related entities, including Vargas, Kinnevik, Lingotto, Nesta Impact Investments, Statkraft Ventures, and Temasek.
“The European heat pump market is expected to reach more than €150B by 2030, and with our vertically integrated model and world-class products, Aira is uniquely positioned to transform home energy across Europe. Backed by world-class investors, we’re building a clean energy-tech leader with expert teams and a clear mission to decarbonise residential heating, all while lowering energy bills and increasing household comfort for millions. We’re just getting started. Aira is ready to lead the clean energy transition – one home at a time,” Peter Prem continues.
