Aira, a Stockholm, Sweden-based provider of clean energy-tech solutions, raised €145M in Series B funding.
The round was led by Altor, Kinnevik and Temasek, and included the Burda family, Collaborative Fund, Creades, Lingotto, Nesta Impact Investments and Statkraft Ventures.
The company intends to use the funds to
• Continue market expansion across Italy, Germany, and the UK.
• Advance Aira’s commercial proposition by introducing an affordable monthly payment model.
• Broaden its clean energy-tech portfolio with products and services including intelligent heat pumps, solar panels, battery storage and electricity tariffs.
• Expand R&D efforts to provide customer-centric clean energy-tech solutions.
• Ramp-up manufacturing capabilities in Wroclaw, Poland, to commence production of its intelligent and connected heat pumps in the first half of 2024.
Led by Martin Lewerth, CEO, Aira provides clean energy-tech solutions that accelerate the electrification of residential heating with intelligent clean energy-tech. With Aira, consumers across Europe have a go-to-provider for complete home energy saving solutions, with intelligent heat pumps at the heart. Its vertically integrated model, combined with our consumer-centric monthly payment plan that requires no upfront cost, enables best-in-class consumer economics and cost leadership.
In total, Aira has secured €195M in equity funding and grants.
FinSMEs
15/01/2024