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In the media -

Elvy raises SEK 5.5 billion for its solution

Sweden's Elvy, which offers households an energy subscription, confirms earlier reports to Di and is raising SEK 5.5 billion in debt financing.

Aerial photo of a house with solar panels, an Elvy home

The SEK 5.5 billion financing facility was arranged together with the Swedish finance company Scayl and one of its banking partners. The money funds the hardware in the energy subscription — the heat pump, solar installation and battery — that Elvy owns and operates on behalf of its customers, making it possible to offer the subscription across the country with no down payment for the homeowner.

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Homeowners no longer manage their own power and heat. They decided they had better things to do.

Curious to do the same?