The investment is secured from existing investors, Altor, Kallskär, Kinnevik, Lingotto and Temasek.

‍

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

“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,” says Peter Prem, Aira Group CEO.

Prem continues: “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.”

The equity will drive the accelerated scale-up of Aira’s operations and the expansion of its intelligent clean energy-tech offering. Aira will invest in its Swedish 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.

“The European heat pump market is expected to exceed €150 billion by 2030. With our vertically integrated model and world-class products, Aira is uniquely positioned to transform home energy across Europe,” says Prem.

He continues: “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.”

‍