Aira has announced its expansion into Germany, Italy, and the UK, becoming a clean energy-tech company in Europe with an annual sales run rate of €200 million. And the company has raised €150 million in equity financing.
Aira offers customers a monthly payment plan, end-to-end service, and a 15-year guarantee. The company employs 1,200 people, operates 18 hubs, and has established four academies to train heat pump installers across Europe.
The raised equity will support the scale-up of Aira’s operations and broaden its clean energy-tech offerings. Investments will be made in the Swedish R&D centre for product development, and production capacity will be increased at the factory in Wroclaw, Poland. Additionally, Aira plans to strengthen its position in current markets and develop partnerships in the home and energy sectors to enhance market presence and achieve cost savings for customers.
There are currently 130 million boilers in use across Europe, making residential heating the third-largest source of CO₂ emissions on the continent and accounting for approximately 10% of Europe’s total emissions. Transitioning from gas boilers to air source heat pumps with Aira’s solution can decrease household heating costs by up to 40% and reduce CO₂ emissions by up to 100% when using clean energy tariffs.
KEY QUOTES:
“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.”
“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 European heat pump market is expected to reach more than €150 billion by 2030, and with our vertically integrated model and world-class products, Aira is uniquely positioned to transform home energy across Europe.”
“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.”
Peter Prem, Aira Group CEO
