Stockholm-based Aira Raises €150Million Funding

This funding comes about ten months after a previous €63 million raise. The new investment will help Aira speed up its operations and expand its smart clean energy technology.

The company plans to invest in its R&D center to develop more integrated products and increase production capacity at its factory in Wroclaw, Poland. Additionally Aira aims to strengthen its presence in current markets and build stronger partnerships with key players in the home and energy sectors to enhance its market reach and provide greater cost savings to 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.

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Since launching in June 2023, Aira has quickly expanded into Germany, Italy, and the UK, establishing itself as a leading clean energy-tech company in Europe with an annual sales run-rate of €200 million. The company offers a monthly payment plan, end-to-end service, and a 15-year Aira Guarantee.

Aira now employs 1,200 people and has opened 18 hubs along with four Aira Academies to train skilled heat pump installers across Europe.

Aira is supported by climate and innovation investors including Altor, the Burda family, Collaborative Fund, Creades, Kallskär-related entities such as 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.

About Aira

Founded in 2022 Aira’s goal is to become Europe’s top direct-to-consumer brand in clean energy technology. The company focuses on accelerating the electrification of residential heating through smart heat pumps and provides comprehensive home energy-saving solutions. Its vertically integrated model, combined with a consumer-friendly monthly payment plan requiring no upfront costs, makes it economically competitive and empowers households to join the clean energy transition.