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Swedish flat rate energy startup has more than doubled its customer base in three months

The company manages all aspects of a home’s energy systems — from installation and maintenance of solar panels, heat pumps and batteries to grid management - for a fixed monthly fee of around SEK 2,500 (€230) over 15 years. Cofounder and CEO Johan Outinen says that on average Elvy reduces customer energy costs by 20% - which can go up to 50% in some instances.

May 15, 2025

Swedish flat rate energy startup Elvy is gaining traction. Just three months after announcing its $3.5m pre-seed round, the company has at least $20m in equity on the table — without actively fundraising — according to two people close to the company.

Elvy’s pitch? It manages all aspects of a home’s energy systems — from installation and maintenance of solar panels, heat pumps and batteries to grid management — for a fixed monthly fee of around SEK 2,500 (€230) over 15 years. Cofounder and CEO Johan Outinen says that on average Elvy reduces customer energy costs by 20% — which can go up to 50% in some instances.

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Uppgradera till vårt energiabonnemang idag

Få fast pris på elkostnaden i 15 år. Vi installerar solceller, värmepump och batterisystem till ett värde av 400.000 kr utan investering. All garanti och service inkluderat. Efter din ansökan får du reda på din fasta månadskostnad inom 24 timmar.