Stockholm-based energy startup Elvy has secured €6.4 million in a new funding round announced on May 11, 2026. The round was led by Daft Capital and Essential Capital, with Mathias Kamprad also participating.
Elvy offers solar panels, batteries, and heat pumps to homeowners through a monthly subscription model with no upfront payment or installation cost, while retaining operational responsibility over a 15-year agreement.
According to co-founder and CEO Johan Outinen, the new capital will be used to accelerate growth and position Elvy’s household energy subscription as the market standard for homeowners. Alongside the funding, Knut Frängsmyr has joined the company as chairman of the board.
The company said the equity round is separate from an existing SEK 5.5 billion credit facility already in place to support growth financing.
Elvy offers solar panels, batteries, and heat pumps to homeowners through a monthly subscription model with no upfront payment or installation cost, while retaining operational responsibility over a 15-year agreement.
According to co-founder and CEO Johan Outinen, the new capital will be used to accelerate growth and position Elvy’s household energy subscription as the market standard for homeowners. Alongside the funding, Knut Frängsmyr has joined the company as chairman of the board.
The company said the equity round is separate from an existing SEK 5.5 billion credit facility already in place to support growth financing.