# Aira Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aira-group

- Industry: Power & Utilities
- Headquarters: Stockholm, Sweden
- Website: www.airahome.com/
- Total disclosed funding: $228M
- Latest round: Series B (Oct 6, 2024)
- Investors on record: 9

## About

Aira Group AB, based in Sweden, focuses on innovative home energy solutions, particularly through heat pump technology, supporting the shift to sustainable and affordable energy for households across Europe.Founded in 2022 and headquartered in Stockholm, Sweden, Aira Group AB specializes in home energy solutions utilizing heat pump technology. The company's history reflects a commitment to expanding energy accessibility with no noted pivots or changes in business strategy. Notable executives include Leonhard Von Harrach, Martin Lewerth, and Mats Ulriksson. Since its inception, Aira has completed a total of 6 deals, with the most recent funding round occurring on August 2, 2025, where it raised EUR 150 million from investors including Altor, Burda Principal Investments, Creades, Kinnevik, Lingotto Investment Management, Nesta Impact Investments, Temasek Holdings, and Vargas Holding. This funding has been crucial in supporting Aira's growth efforts.Aira Group AB specializes in innovative home energy solutions focusing on heat pump technology. Their primary offerings include a diverse range of heat pumps designed to effectively convert ambient air or ground heat into usable energy for residential heating and cooling. Targeted at environmentally conscious homeowners and businesses in the United Kingdom, Germany, Italy, and Poland, Aira's products aim to reduce energy costs and carbon footprints, promoting sustainable energy practices. The company emphasizes streamlined installation and integration processes, ensuring accessibility for users in these markets.In 2022, Aira Group AB reported a revenue of EUR 0, with an EBITDA of EUR -41,248,806.20 for the year 2023. Aira's revenue model is structured around direct-to-consumer sales of heat pump systems, alongside partnerships with retailers and contractors to reach a broader audience. This approach facilitates engagement with various customers, including residential homeowners and businesses, allowing for a customized experience tailored to individual energy needs.Aira Group AB plans to utilize the recently raised EUR 150 million in venture funding to enhance production capabilities at its factory in Poland. The company aims to expand its market presence in Germany, Italy, and the UK, and is focused on hiring and training additional installers to support this growth. The funding will enable Aira to introduce new products that are currently under development, with specific timelines for market entry to be determined in alignment with their expansion strategy.

## Funding rounds

- Series B, Oct 6, 2024, $69M — Temasek Holdings, Altor, Kinnevik, Statkraft Ventures
- Series B, Jan 15, 2024, $159M — Temasek Holdings, Altor, Nesta Impact Investments, Kinnevik, Collaborative Fund, Creades, Statkraft Ventures, Burda Principal Investments, Lingotto Investment Management LLP

## Investors

- Temasek Holdings — Series B
- Altor (https://capitalatlas.ai/funds/altor) — Series B
- Nesta Impact Investments (https://capitalatlas.ai/funds/nesta-impact-investments) — Series B
- Kinnevik (https://capitalatlas.ai/funds/kinnevik) — Series B
- Collaborative Fund (https://capitalatlas.ai/funds/collaborative-fund) — Series B
- Creades — Series B
- Statkraft Ventures (https://capitalatlas.ai/funds/statkraft-ventures) — Series B
- Burda Principal Investments (https://capitalatlas.ai/funds/burda-principal-investments) — Series B
- Lingotto Investment Management LLP — Series B