Aira closes EUR 150 million financing
Clean energy-tech company Aira Group AB (Aira) has secured EUR 150 million in equity financing from existing investors to accelerate the electrification of residential heating across Europe.
Since launching in 2023, Aira has expanded into Germany, Italy, and the UK, achieving an annual sales run-rate of EUR 200 million. The company now employs 1,200 people and has opened 18 hubs, positioning itself as a leading clean energy-tech provider in Europe.
The newly raised capital will be used to rapidly scale up operations, including investments in the Swedish R&D centre, increased production capacity at its facility in Wrocław, Poland, deepening its presence in existing markets and strengthening strategic partnerships in the home and energy sectors.
Aira was advised by Mannheimer Swartling in the transaction.
