Elvy is an energy company that offers solar panels, batteries, and heat pumps as a monthly subscription for homeowners, with no upfront payment, no installation costs, and full operational responsibility over a 15-year agreement.
Investment Rounds
Capital activity and funding progression
| Amount | Date | Round |
|---|---|---|
| €500 M | Dec, 2025 | unspecified |
| €6.4 M | May, 2026 | Unknown |
Industries
Frequently Asked Questions
Where is Elvy located?
Elvy is located in Stockholm, Sweden.
What industries does Elvy operate in?
Elvy operates in the following industries: energy, clean energy, climate tech.
When was Elvy founded?
Elvy was founded on 2026-05-14.
How much total funding has Elvy raised?
Elvy has raised a total of $506,400,000.
Who are the investors in Elvy?
The investors in Elvy are: unspecified investor and a banking partner, Daft Capital, Essential Capital, Mathias Kamprad.
What is the primary service offered by Elvy?
Elvy provides a fully integrated, subscription-based home energy solution that includes the design, financing, installation, and maintenance of solar panels, heat pumps, and home battery systems at a fixed monthly cost.
How does Elvy calculate the monthly subscription fee for homeowners?
The monthly fee is determined individually for each household through an AI-powered energy analysis that considers factors such as the property's size, condition, microclimate, and historical energy usage.
What happens at the end of an Elvy subscription contract?
At the conclusion of the 15-year contract period, homeowners have the option to purchase the installed energy system for 1 krona or renew the contract with new hardware and a revised monthly price.
Is Elvy a public or private company?
Elvy is a private company headquartered in Stockholm, Sweden, and is backed by venture capital.
What happens if a customer moves out of their home during an Elvy contract?
If a customer moves, they have three options: the new homeowner can take over the subscription, the customer can buy out the remaining value of the installation, or Elvy can remove the equipment for a fee.