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Elvy
Sweden · Climate tech
Elvy supplies solar panels, batteries and heat pumps to Swedish homeowners through a monthly energy subscription.
Product
Elvy helps Swedish homeowners install and use solar panels, battery storage and heat pumps through a monthly subscription. It combines the equipment with software that coordinates energy generation, storage and household consumption.
Elvy owns the hardware and takes operational responsibility under a 15-year agreement. Customers pay for the service rather than buying and managing each installation themselves.
Founded in 2023 by Johan Outinen and David Wedar, the company is based in Stockholm.
Funding history
3 rounds · 2 with disclosed amounts| Announced | Round | Amount | Investors |
|---|---|---|---|
| Additional close | Undisclosed | Leonardo DiCaprio — Participant | |
| Funding round | SEK 70M | Daft Capital — LeadEssential Capital — Lead | |
| Credit facility | SEK 5.5B | Participants not disclosed |