Press release -
Energy challenger Elvy raises SEK 5.5 billion
Tech company Elvy wants to solve Sweden's energy crisis. With SEK 5.5 billion secured, Elvy and finance company Scayl will make it easier than ever for homeowners to make the switch to modern energy systems — and to lead the way for Swedish innovation in the energy infrastructure of the future.
Elvy's energy subscription — a heat pump, a solar installation and batteries — is now available across the whole country. Homeowners avoid investing hundreds of thousands of kronor in equipment, yet get the peace of mind of covering their household's heating and energy needs for a fixed monthly cost. Behind the scenes, the energy solutions are run by Elvy's own AI, which optimises the energy generated and consumed in the home.
“it's less about the technology and more about what homeowners actually want - peace of mind. our customers want heat, hot water and reasonable energy costs. it shouldn't take big investments, or having to become an energy expert, to optimise the energy you use.”
The financing facility was developed by the Swedish finance company Scayl and one of its banking partners.
Keep readingMore of what we're up to
- Press release -
Elvy signs framework agreement with Nordic Energy Partner to meet rising customer demand
Elvy's energy subscription keeps growing in popularity among Swedish homeowners. Now the company is signing a framework agreement with Nepab to secure a sustained pace of installation.
- Press release -
Energy company secures SEK 70M – Klarna veteran steps in as chair
Tech company Elvy, the company behind the world's first subscription service for household energy, has closed a new funding round of SEK 70 million. The round is led by Daft Capital and Essential Capital, with participation from Mathias Kamprad among others. In parallel, Knut Frängsmyr joins as chair of the board.
- Press release -
Marginalen Bank partners with Elvy – lowering the barriers to a greener future
Marginalen Bank and Elvy are entering a partnership to make it easier for Swedish homeowners to invest in sustainable energy.
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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?