Elvy AB

Elvy AB is a Stockholm-based company that specializes in innovative energy solutions, focusing on solar energy systems, heat pumps, and battery storage to enhance residential energy efficiency and affordability. Founded in 2023 in Stockholm, Sweden, Elvy AB provides comprehensive energy solutions for residential clients. The company has engaged in three deals to date, with its most recent transaction occurring on December 12, 2025. In December 2025, Elvy AB raised EUR 500 million in venture funding from unspecified investors.

The founder has a background that includes previous entrepreneurial ventures, although specific details are not available. Elvy specializes in delivering comprehensive energy solutions that primarily focus on solar energy systems, heat pumps, and battery storage. The company's core offering includes a subscription-based energy model, which allows customers to significantly reduce their energy costs by 10-20% while providing a fixed pricing structure for heating, hot water, and household electricity over a 15-year period. Elvy’s services include a free installation of solar panels, heat pumps, and battery systems, enabling homes to achieve a self-sufficiency of 60-80% in energy consumption.

This approach caters to residential clients, particularly homeowners seeking sustainable energy solutions while alleviating the complexities often associated with energy investments and maintenance. Elvy serves markets in Sweden and potentially other regions within Scandinavia, allowing customers to enjoy consistent heating at 22 degrees Celsius throughout varying seasonal conditions. Elvy operates on a subscription revenue model, where customers pay a fixed monthly fee for their energy services, which encompass installation, maintenance, and operational support for the installed systems. The pricing structure is tailored based on an initial energy analysis, which assesses each household's unique energy needs and previous consumption patterns.

By bundling services into an all-inclusive energy subscription, Elvy simplifies the financial commitment for homeowners. This arrangement enhances customer satisfaction through predictable billing and fosters long-term relationships, as clients can opt to buy out the installed systems for a nominal fee at the end of the contract period. The company's business transactions primarily involve direct interactions with consumers, ensuring a streamlined approach to energy consumption management. Elvy plans to leverage its recent funding of USD 150 mn raised in February 2025 from Marginalen Bank to support growth and meet rising customer demand.

The company aims to expand its service offerings by introducing new energy solutions and enhancing existing products. Additionally, Elvy is targeting expansion into other Scandinavian markets by 2026, aiming to replicate its successful subscription model in these regions.