Aira has secured €200M in debt commitments from BNP Paribas, pioneering a new asset class for heat pump securitisation. This funding will facilitate the installation of Aira Heat Pumps in thousands of homes across Germany.

The demand for cleaner, more efficient and affordable home energy solutions is evident, however; challenges, such as low gas prices, burdensome regulations, and high upfront costs persist. To accelerate this crucial energy shift, both enhanced governmental incentives and innovative commercial financing solutions are essential. Aira's €200 million heat pump securitisation initiative exemplifies the latter and is set to disrupt residential heating by supercharging Aira’s zero upfront, consumer financing model.  

Transforming residential heating will require substantial financial investments, not just to develop and install the technology, but also to make it accessible and affordable for everyone. The €200 million facility provided by BNP Paribas marks the beginning of Aira’s ambition to bridge this financial gap.

Turbocharging Aria’s rollout across Europe

Martin Lewerth, Aira Group CEO, says: “With substantial debt financing facilities from partners like BNP Paribas, we are set to remove one huge barrier to heat pump adoption and turbocharge our rollout across Europe. This securitisation with BNP Paribas marks the first step in Aira’s consumer financing journey and represents a major leap towards moving Europe off fossil fuel-based boilers.”

"This €200M debt facility from BNP Paribas illustrates the strong belief financial institutions hold in Aira's business model. With this facility in place, Aira is set to further accelerate the adoption of heat pumps in Germany," says Carl-Erik Lagercrantz, board member of Aira.