Aira

Aira is a Stockholm-based clean energy technology company founded in 2022 with a mission to revolutionize home energy use across Europe. The company focuses on decarbonizing residential heating, a significant contributor to Europe’s CO₂ emissions. Aira’s key offering is its intelligent, energy-efficient heat pumps, available through an affordable subscription model that eliminates upfront costs. This approach enables homeowners to significantly reduce their energy bills while cutting carbon emissions by up to 100% compared to gas or oil boilers. Headquartered in Stockholm, Aira has an R&D center in Helsingborg, Sweden, and a 220,000-square-meter production facility in Wrocław, Poland, which has the capacity to produce up to 500,000 heat pumps annually. The company has raised €243 million in equity funding and €200 million in debt financing, primarily backed by investors such as Vargas Holding, Temasek, and Kinnevik. Currently, Aira operates in Sweden, Germany, Italy, and the UK, with plans to expand across 20 European markets within the next decade. In 2024, Aira’s revenue run rate reached €100 million, supported by a workforce of 1,200 employees. The company has established 11 regional sales and installation hubs and academies to train clean energy experts. Recent projects focus on scaling its platform and expanding product offerings such as solar installations and energy tariffs. Aira’s comprehensive approach positions it as a leader in Europe’s clean energy transition.