Aira, a Sweden-based provider of clean energy-tech solutions, successfully raised €145 million in its Series B financing round. The funding was spearheaded by Altor, Kinnevik, and Temasek, with additional participation from prominent investors such as the Burda family, Collaborative Fund, Creades, Lingotto, Nesta Impact Investments, and Statkraft Ventures.
Utilizing the newly acquired capital, Aira aims to:
-Continue its market expansion across key European regions, including Italy, Germany, and the UK.
-Enhance Aira’s commercial offerings by introducing an affordable monthly payment model.
-Diversify its clean energy-tech portfolio with innovative products and services, including intelligent heat pumps, solar panels, battery storage, and competitive electricity tariffs.
-Expand research and development initiatives to deliver customer-centric clean energy solutions.
-Scale up manufacturing capabilities in Wroclaw, Poland, gearing up for the production of intelligent and connected heat pumps starting in the first half of 2024.
Under the leadership of CEO Martin Lewerth, Aira specializes in providing clean energy-tech solutions that accelerate the electrification of residential heating. The company’s vertically integrated model, coupled with a consumer-centric monthly payment plan requiring no upfront costs, ensures optimal consumer economics and cost leadership. To date, Aira has secured a total of €195 million in equity funding and grants.
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By Proptechbuzz
By Ravi Kumar
