About Eavor
Eavor is a company based in Calgary (Canada) founded in 2017 by John Redfern was acquired by Chubu Electric Power in October 2022.. Eavor has raised $342.91 million across 11 funding rounds from investors including bp, Eversource and OMV Group. Eavor offers products and services including Eavor-Loop™, Eavor-Europe™, Eavor-Deep™, and Eavor-Lite™. Eavor operates in a competitive market with competitors including Celsius Energy, GEIOS, New York Geothermal and West Georgia Generating, among others.
- Headquarter Calgary, Canada
- Founders John Redfern
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Eavor Technologies Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$342.91 M (USD)
in 11 rounds
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Latest Funding Round
$65.13 M (USD), Series C
Jul 09, 2025
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Investors
bp
& 13 more
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Employee Count
Employee Count
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Acquired by
Chubu Electric Power
(Oct 19, 2022)
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Products & Services of Eavor
Eavor offers a comprehensive portfolio of products and services, including Eavor-Loop™, Eavor-Europe™, Eavor-Deep™, and Eavor-Lite™. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Closed-loop system for generating clean baseload power efficiently.
Geothermal project for European energy autonomy and scalability.
Deep-drilling tech for enhanced clean energy production worldwide.
Full-scale demo facility for testing geothermal innovations.
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Funding Insights of Eavor
Eavor has successfully raised a total of $342.91M across 11 strategic funding rounds. The most recent funding activity was a Series C round of $65.13 million completed in July 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 11
- Last Round Series C — $65.1M
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First Round
First Round
(25 Apr 2019)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2025 | Amount | Series C - Eavor | Valuation |
investors |
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| Oct, 2023 | Amount | Series C - Eavor | Valuation | OMV Group , Japan Energy Fund | |
| Jun, 2023 | Amount | Series B - Eavor | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Eavor
Eavor has secured backing from 14 investors, including institutional and venture fund investors. Prominent investors backing the company include bp, Eversource and OMV Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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An investment platform is provided for diverse sectors and geographies.
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Founded Year | Domain | Location | |
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Growth-stage venture capital is invested in Singapore and China.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Eavor
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Eavor
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Eavor Comparisons
Competitors of Eavor
Eavor operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Celsius Energy, GEIOS, New York Geothermal and West Georgia Generating, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Celsius Energy offers geoenergy solutions for sustainable heating and cooling in various building sectors.
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| domain | founded_year | HQ Location |
Develops geothermal energy systems with nanotechnology, AI, and quantum tech for efficient extraction.
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| domain | founded_year | HQ Location |
Delivers geothermal energy-based panels for waste heat recovery.
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| domain | founded_year | HQ Location |
Geothermal and natural gas electricity generation solutions are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Eavor
Frequently Asked Questions about Eavor
When was Eavor founded?
Eavor was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Eavor located?
Eavor is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
Who is the current CEO of Eavor?
John Redfern is the current CEO of Eavor. They have also founded this company.
Is Eavor a funded company?
Eavor is a funded company, having raised a total of $342.91M across 11 funding rounds to date. The company's 1st funding round was a Series B of $5.1M, raised on Apr 25, 2019.
What does Eavor do?
Eavor was founded in 2017 in Calgary, Canada, and operates in the geothermal energy sector. A closed-loop system is utilized, within which a proprietary working fluid is contained and circulated to harvest heat from deep earth formations. This heat is converted into electricity or applied for commercial heating purposes, supporting sustainable energy operations across various geographies.
Who are the top competitors of Eavor?
Eavor's top competitors include West Georgia Generating, Celsius Energy and GEIOS.
What products or services does Eavor offer?
Eavor offers Eavor-Loop™, Eavor-Europe™, Eavor-Deep™, and Eavor-Lite™.
Who are Eavor's investors?
Eavor has 14 investors. Key investors include bp, Eversource, OMV Group, Temasek, and Chubu Electric Power.