Aira Italia S.P.A announced that it has received ?145 million in an oversubscribed round of funding led by returning investor, Altor Equity Partners AB, Kinnevik AB and new investor, Temasek Capital Management Pte. Ltd. on January 16, 2024. The transaction included participation from returning investors, Creades AB, Lingotto Investment Management LLP, Collaborative Fund and from new investors, Nesta Investment Management LLP and Statkraft Ventures GmbH and leading climate tech investors from Europe, the US and Asia.

The company has issued equity in the transaction. The transaction was significantly oversubscribed and upsized from its initial ?85 million target. The company has secured ?195 million in equity funding and grants in the transaction.