Enjay, the Malmö-based startup that has developed a technology that converts waste heat and polluted air from commercial kitchens into reusable energy, has raised investment reports Impact Loop. The investment includes H&M billionaire Karl-Johan Persson’s investment company.
Commercial kitchens, such as those in restaurants and food production facilities, release large amounts of hot, grease-filled air through ventilation systems – energy that typically goes to waste. Enjay’s solution, a durable machine called Lepido, captures this heat without breaking down, addressing a long-standing challenge in the industry.
“Everyone – customers and technical consultants alike – agreed that no product could handle this. They just ignored the problem and let massive amounts of energy escape,”
said co-founder and CEO Jesper Wirén to Impact Loop.
Enjay initially sold its hardware to fast-food chains like Burger King, proving the technology worked. Now, the company is pivoting to an energy-as-a-service model, where it covers the upfront investment and sells clean energy back to customers under long-term contracts. The focus is expanding to large food manufacturers, including snack and animal feed producers.
The startup is reported to have raised over € 700.000 (8 million SEK) in the new funding round led by existing investors, including Peter Enberg, Almi Invest Greentech, and also Karl-Johan Persson’s investment firm, Philian Invest. The funding reportedly values Enjay at € 4 million (44 million SEK).
Enjay aims to secure three major contracts in the coming year and 20–25 deals long-term to scale its operations.
