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. At its core are intelligent heat pumps designed to optimize energy efficiency, lower CO2 emissions and reduce energy bills.
By employing a vertically integrated approach, Aira ensures competitive pricing, high sales conversion and superior customer satisfaction. The company plans to extend its offerings to include batteries, solar panels and electric vehicle charging stations, all seamlessly integrated within an intelligent ecosystem.
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
News in the Quarter
- Partnered with smart home solution provider Hive to accelerate intelligent heat pump adoption in the UK
- Continuing to work with the UK government to establish a robust policy framework and position the UK as the global leader in heat pump technology
