Energy challenger Elvy raises SEK 5.5 billion
Elvy wants to solve Sweden's energy crisis. Now it has secured SEK 5.5 billion with finance company Scayl to help homeowners switch to modern energy systems.
Elvy's energy subscription is a heat pump, a solar installation and batteries. It's now available across the whole country. Homeowners avoid investing hundreds of thousands of kronor in equipment, yet get their household's heating and energy needs covered 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, a sense of security. 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.
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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?