While Sweden’s heat pump giants like Nibe struggle with stagnant growth and plummeting stock prices, and rival Aira grapples with layoffs and leadership turmoil, Qvantum, the Skåne-based modular heat pump platform, is bucking the trend.
The company, headquartered in Åstorp, has recently been reported to have secured € 19 million (SEK 220 million) in funding, primarily from existing investors, including Thomas von Koch (former EQT CEO) and the IMAS Foundation, according to data registered with Bolagsverket and confirmed to Rapidus.
“What’s so incredible for us is that we succeeded at scale. We secured orders in multiple European cities, and the pumps started being installed, including in London,”
says Fredrik Rosenqvist, founder and CEO of Qvantum to Rapidus.
This month Qvantum announced that they have reached an agreement with German climatetech startup 1KOMMA5° to enable home energy systems in Sweden. Qvantum’s next-generation heat pumps works with 1KOMMA5°’s Heartbeat AI platform, an intelligent optimization system that dynamically coordinates heating, solar power, battery storage, and EV charging.
This partnership transforms heat pumps from standalone devices into active components of a connected home energy ecosystem, enabling them to respond in real time to electricity prices, grid signals, and renewable energy availability.
“Heat pumps will play an increasingly central role in the future energy system, not just as sources of heat, but as flexible assets that can support the electricity grid. This partnership allows us to connect all kinds of heat pumps into our virtual power plant – lowering energy costs for homeowners and taking pressure off the grid,”
says David Sätterman, CEO of 1KOMMA5° Sweden and Denmark
With 60% of Swedish households already using heat pumps, the collaboration is poised to lower energy costs for homeowners while enhancing grid stability. By leveraging AI-driven automation heating aligns with cheaper, cleaner, and more abundant energy sources, setting a new benchmark for intelligent, fossil-free residential energy systems.
“Future energy systems require connected, intelligent solutions. With the partnership together with 1KOMMA5° we ensure that heating can interact seamlessly with solar power, batteries, EV charging, and the electricity grid. This gives homeowners a system that is ready for tomorrow’s energy landscape,”
says Fredrik Rosenqvist, CEO of Qvantum
Qvantum is now set to further expand its production and sales, operating a factory in Åstorp and another in Nyíregyháza, Hungary. The company currently has operations in seven European countries and is represented in a total of 17 countries across Europe.
