Aira, a Stockholm-based clean energy technology company, has raised €150 million in equity financing from existing investors, including Altor, Kallskär1, Kinnevik, Lingotto, and Temasek.
The raise comes just 10 months after securing €63 million in equity funding.
Scaling operations and innovation
The new funding will:
- Expand the operations in Germany, Italy, and the UK
- Increase production capacity at its Wroclaw, Poland factory
- Invest in R&D to further develop its integrated clean energy-tech portfolio
- Strengthen partnerships in the home and energy sectors to reduce customer costs
Since launching in June 2023, Aira has reached an annual sales run rate of €200 million, employing 1,200 people, opening 18 hubs, and launching four Aira Academies to train heat pump installers across Europe.
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Consumer-focused clean energy solutions
Founded in 2022, the company offers intelligent heat pumps and comprehensive home energy-saving solutions with:
- A monthly payment plan requiring no upfront cost
- End-to-end service and installation
- A 15-year Aira Guarantee
The company operates a vertically integrated model to deliver competitive pricing and aims to become Europe’s top direct-to-consumer clean energy brand.
“This investment enables 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,” said Peter Prem, Aira Group CEO.
Positioned for market growth
With the European heat pump market projected to exceed €150 billion by 2030, the startup plans to leverage its investor backing and integrated model to lead the continent’s residential heating decarbonisation — lowering energy bills while increasing household comfort.
