Aira, a Stockholm-based clean energy technology company, secured €150 million from investors to accelerate residential heating electrification in Europe. Recently launched, it has expanded into Germany, Italy, and the UK with an annual sales run-rate of €200 million. The funding will enhance operations, expand R&D in Sweden, and increase production in Poland. With 130 million gas boilers in use, Aira's heat pumps can reduce heating costs by up to 40% and eliminate emissions when used with clean energy. The European heat pump market is projected to exceed €150 billion by 2030.
The fresh capital will be used to expand Aira's operations, scale its intelligent energy-tech offering, invest in its Swedish R&D centre, and increase manufacturing capacity at its Wroclaw, Poland factory.
Replacing a gas boiler with one of Aira's air source heat pumps can cut heating costs by up to 40% and eliminate emissions entirely when paired with clean energy tariffs.
The European heat pump market is expected to exceed €150 billion by 2030. With our vertically integrated model and world-class products, Aira is ready to lead the clean energy transition - one home at a time.
Aira's customer offer combines monthly payment plans, end-to-end service, and a 15-year guarantee.
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