ESG Today writes that the new funding will enable the company to expand its presence in its three main markets, Germany, Italy and the UK. Martin Lewerth, CEO of Aira Group, said that "with this extended funding, we are capitalizing on our commercial momentum and accelerating the decarbonization of residential heating. This investment allows us to ramp-up our fully vertically integrated platform and expand our footprint across markets."

Back in July of this year, the company inaugurated its first heat pump manufacturing site in Poland and company officials plan to invest 300 million euros in the factory that will output 500.000 heat pumps every year.

Aira secured 243 million euros in funding since the beginning and has 1.200 employees working in the field of heat pump manufacturing. Heat pumps are becoming more and more ubiquitous in the space of thermal efficient homes and businesses, as they use less power compared to other devices.

Aira opened 11 regional sales and installation hubs just this year and the company also opened multiple academies across its operational markets to train the future green workforce.