Aira
What they do & why Kinnevik is invested
Aira is working at the forefront of residential heating by driving the adoption of clean energy technology. With a focus on intelligent home heating, Aira maximizes savings, comfort and efficiency for its customers by learning home routines, adapting to weather conditions, and optimizing against renewable electricity tariffs.
Since launching in June 2023, Aira has expanded into Germany, Italy, and the UK, rapidly establishing itself as a leading clean energy tech company in Europe. By employing a vertically integrated approach, Aira ensures competitive pricing, high sales conversion, and superior customer satisfaction. Having successfully launched intelligent heat pumps across all markets, Aira plans to expand its product portfolio to offer customers a fully connected home energy system.
Kinnevik is attracted by the growth opportunity in the European heat pump market. Aira’s solution not only enhances the user experience but also delivers improved unit economics and margin profiles. By addressing the significant contribution of residential heating to CO2 emissions, Aira is well positioned to lead the transition to sustainable, clean energy solutions.
Key information
- Clean energy-tech business accelerating the electrification of residential heating
- Targets significant environmental impact, with residential heating accounting for 10% of Europe’s CO2 emissions
- Annual sales run-rate of EUR 200m per August 2025
News in the quarter
- Raised EUR 150m in new equity financing to drive the company’s continued expansion in Europe, further its R&D capabilities, and increase production capacity at the Poland factory. The investment was secured from existing investors; Altor, Kinnevik, and Temasek, among others
