Aira, the Swedish clean energy-tech company, has completed a €145 million Series B financing round with climate tech investors from Europe, the US and Asia. The financing was significantly oversubscribed and upsized from its initial €85 million target.
The equity funding will allow Aira to further accelerate the electrification of residential heating in Europe. By switching from a gas boiler to an air source heat pump with Aira’s innovative and accessible, clean energy-tech solution, consumers can reduce their household heating costs by up to 40% and CO2 emissions by 75%, rising to 100% if fossil-free energy is used as the source of power for the heat pump. Aira’s monthly payment plan requires no upfront cost.
The Polish government has also granted Aira €15 million for the establishment of a state-of-the-art manufacturing site in Poland to produce heat pumps.