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Aira

Kinnevik Stake
18%
Clean energy-tech business accelerating the electrification of residential heating

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 in March 2024, Aira now offers solar panels, battery storage and inverters to complete the fully integrated Aira 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.

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