Swedish clean energy technology firm Aira has successfully raised EUR 63 million (USD 68.6 million) from a group of existing investors to support its expansion across Germany, Italy, and the UK. The capital will be used to hire additional staff and broaden the company's product and service offerings.
The funding round was backed by Singapore's sovereign wealth fund Temasek, the venture capital arm of Norway's state-owned utility Statkraft, and Swedish investment firms Kinnevik and Altor. Aira announced that this financing is an extension of its upsized and oversubscribed EUR 145 million Series B round, which closed in January. The total equity funding raised by the company to date amounts to EUR 243 million.
Aira specializes in providing intelligent heat pumps, offered through affordable monthly payment plans, as well as clean energy tariffs, solar solutions, battery storage, and two-way electric vehicle (EV) charging installations. The Stockholm-based company currently employs 1,200 people and has an annual revenue run rate of EUR 100 million.
