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Flat-rate energy startup Elvy raises €500m to fuel European expansion

The Swedish startup is looking to enter eastern Europe with the help of major partnerships.

Drönarbild av en villa med solpaneler, ett Elvy-hem

The €500 million facility — roughly 5.5 billion SEK, arranged with Swedish financier Scayl and one of its banking partners — funds the rollout of Elvy's energy subscription across Sweden and a first step into eastern Europe. Elvy owns and runs the hardware — heat pump, solar and battery — so homeowners get it with no upfront cost.

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Villaägare sköter inte längre sin egen el och värme. De kom fram till att de hade bättre saker för sig.

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