Leonardo DiCaprio backs Swedish energy firm Elvy

Hollywood actor Leonardo DiCaprio has made an undisclosed investment in Swedish EnergyTech startup Elvy, which focuses on the household energy transition. This is not the first time DiCaprio has supported European EnergyTech startups, as he backed German residential solar provider Enpal in 2023. Elvy recently raised €5.9 million in May 2026 and saw a tenfold revenue increase in 2025 compared to the previous year.

CEO and co-founder of Elvy, Johan Outinen, expressed excitement about DiCaprio's involvement, stating that it is a strong vote of confidence in the company's potential to contribute to a better world. Elvy's investment comes amid over €160.9 million in company-level funding in 2026 for European businesses working on household electrification, building energy efficiency, and distributed energy management.

Noteworthy rounds include €21 million for London-based Axle Energy, €15 million for Oslo-based Photoncycle, and €10 million for Berlin-based GALVANY. Cloover, a Berlin-based company, secured a €1.02 billion debt facility in January and a €86.2 million financing facility in September to support residential energy deployment.

Elvy, founded in 2023, installs smart, integrated energy systems and software, making it accessible through a world-first energy subscription. The company aims to help households cut consumption by an average of 60%, save money, and become active participants in Europe's energy transition. By combining hardware with optimization software, Elvy enables households to manage energy more intelligently while reducing consumption and costs.

DiCaprio stated that Elvy can reduce a household's energy consumption by 60%, creating potential impact at the household level and advancing a new model for energy production, management, and consumption. With its 10x revenue growth in 2025, Elvy is expanding its model to bring integrated energy systems to more homes.