Winns to raise NOK 25 million from Statkraft Ventures and existing shareholders.

Norway Germany 26 May 2021

Winns, a Trondheim, Norway-based producer of heat pumps, announced completing a NOK 25 million ($3M) capital funding round.

The money was raised from investors from Norway including Statkraft Ventures and existing shareholders.

This capital injection puts Winns in a position to take ownership of installations and selling heating and cooling as a service.

Winns, founded in 2010 by CEO Morten Hegdal, is a producer of heat pumps with natural refrigerants, high uptime and performance - it sells hot water produced in an environmentally friendly way, at a cheaper price.

A heat pump moves heat from one place to another, which has a higher temperature - the company delivers heat pumps using only natural refrigerants to onshore customers like apartment buildings, commercial buildings, hotels, shopping centres and sports arenas, as well as oil & gas installations offshore.

Total investments received (USD): 3.01M