About Aira
Aira is a company based in Stockholm (Sweden) founded in 2022. It operates as a Green Energy-as-a-Service. Aira has raised $333.4 million across 3 funding rounds from investors including BNP Paribas, Temasek and Nesta. Aira has completed 2 acquisitions, including All Seasons Energy and Gruppo T5. Aira offers products and services including Heat Pumps. Aira operates in a competitive market with competitors including NIBE Group, Systemair, ConnectM, DREM and Ngenic, among others.
- Headquarter Stockholm, Sweden
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Sectors
Business ServicesEnergy & Utilities
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Email
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$333.4 M (USD)
in 3 rounds
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Latest Funding Round
$174.6 M (USD), Series C
Aug 11, 2025
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Investors
BNP Paribas
& 8 more
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Employee Count
Employee Count
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Investments & Acquisitions
All Seasons Energy
& 1 more
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Products & Services of Aira
Aira offers a comprehensive portfolio of products and services, including Heat Pumps. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Heat pumps are provided for sustainable home heating.
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Funding Insights of Aira
Aira has successfully raised a total of $333.4M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $174.6 million completed in August 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $174.6M
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First Round
First Round
(16 Jan 2024)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2025 | Amount | Series C - Aira | Valuation |
investors |
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| Jun, 2024 | Amount | Debt – Conventional - Aira | Valuation |
investors |
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| Jan, 2024 | Amount | Series B - Aira | Valuation | Altor Equity Partners , Kinnevik |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Aira
Aira has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include BNP Paribas, Temasek and Nesta. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Altor is engaged in private equity investments across multiple sectors.
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Founded Year | Domain | Location | |
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Private equity firm investing in multiple sectors
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Founded Year | Domain | Location | |
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Private equity investments in SMEs are managed by the firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Aira
Aira has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include All Seasons Energy and Gruppo T5. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Electrical maintenance and contractor services are provided by Gruppo T5.
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2021 | ||||
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Solar panels and heat pumps are installed for energy efficiency.
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Aira
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Aira Comparisons
Competitors of Aira
Aira operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as NIBE Group, Systemair, ConnectM, DREM and Ngenic, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of sustainable energy solutions contributing to reducing greenhouse gas emissions globally
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| domain | founded_year | HQ Location |
Sustainable HVAC products and systems are manufactured for various sectors.
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| domain | founded_year | HQ Location |
Energy management solutions are provided via asset-connecting platforms and applications.
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| domain | founded_year | HQ Location |
Heat pumps are provided for distributed energy saving solutions.
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| domain | founded_year | HQ Location |
Smart thermostat for homes
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Aira
Frequently Asked Questions about Aira
When was Aira founded?
Aira was founded in 2022 and raised its 1st funding round 2 years after it was founded.
Where is Aira located?
Aira is headquartered in Stockholm, Sweden.
Who is the current CEO of Aira?
Martin Lewerth is the current CEO of Aira.
Is Aira a funded company?
Aira is a funded company, having raised a total of $333.4M across 3 funding rounds to date. The company's 1st funding round was a Series B of $158.8M, raised on Jan 16, 2024.
What does Aira do?
Aira is engaged in delivering clean energy solutions for residential use across Europe. Heat pumps are central to their offerings, enabling homes to transition to cleaner and more affordable energy sources. The company operates in multiple European countries, including the United Kingdom, Germany, Italy, and Poland, with a mission to make sustainable energy accessible to millions of households.
Who are the top competitors of Aira?
Aira's top competitors include NIBE Group, ConnectM and DREM.
What products or services does Aira offer?
Aira offers Heat Pumps.
How many acquisitions has Aira made?
Aira has made 2 acquisitions, including All Seasons Energy, and Gruppo T5.
Who are Aira's investors?
Aira has 9 investors. Key investors include BNP Paribas, Temasek, Nesta, Kinnevik, and Creades.