Stockholm-based firm Aira, which provides clean energy technology to electrify residential heating across Europe, has secured €150 million in equity financing from existing investors.
- Aira, founded in June 2023, The firm develops advanced clean energy technology to electrify residential heating across Europe.
- The company designs and manufactures intelligent heat pump systems that replace gas boilers, cutting heating costs by up to 40% and eliminating household CO₂ emissions when paired with clean energy tariffs.
- Aira’s vertically integrated approach includes product development, installation, and long-term service, supported by a flexible monthly payment plan with no upfront costs.
- Since its launch, Aira has expanded rapidly into Germany, Italy, and the UK, reaching an annual sales run-rate of €200 million. The company employs 1,200 staff and operates 18 regional hubs and four training academies dedicated to educating heat pump installers.
Details of the deal
- The investment was secured from Aira’s existing investors, including Altor, Kallskär, and related entities like Vargas, Kinnevik, Lingotto, and Temasek.
- With €150 million in funding, Aira will accelerate its operations and expand its clean energy technology, investing in R&D in Sweden and increasing production at its Polish factory.
- Additionally, the firm will also strengthen its presence in key European markets and build partnerships to increase reach and reduce costs for customers. The funding supports its goal to decarbonize residential heating and lower energy bills 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," claims Peter Prem, CEO of Aira Group.
