About Evergen
Evergen is a company based in Newcastle (Australia) founded in 2015. It operates as a SaaS (Software-as-a-Service), and Managed Services. Evergen has raised $17.15 million across 3 funding rounds from investors including Fotowatio Renewable Ventures, CSIRO and AMP Capital. Evergen offers products and services including Evergen Platform, Distributed Energy Resource Management System (DERMS), and Home Energy Management System (HEMS). Evergen operates in a competitive market with competitors including Autogrid, Franklin Energy, Voltus, GridBeyond and Husk Power Systems, among others.
- Headquarter Newcastle, Australia
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
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- Legal Name Pacific 2022 Bidco C Pty Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$17.15 M (USD)
in 3 rounds
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Latest Funding Round
$10.45 M (USD), Series B
Jun 22, 2022
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Investors
Fotowatio Renewable Ventures
& 3 more
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Employee Count
Employee Count
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Products & Services of Evergen
Evergen offers a comprehensive portfolio of products and services, including Evergen Platform, Distributed Energy Resource Management System (DERMS), and Home Energy Management System (HEMS). 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.
Software for monitoring and optimizing renewable energy assets.
System for managing distributed energy resources effectively.
Tool for households to optimize solar energy usage.
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Funding Insights of Evergen
Evergen has successfully raised a total of $17.15M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $10.45 million completed in June 2022. 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 3
- Last Round Series B — $10.5M
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First Round
First Round
(25 Aug 2016)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2022 | Amount | Series B - Evergen | Valuation | Fotowatio Renewable Ventures |
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| Oct, 2020 | Amount | Series A - Evergen | Valuation | Providence Asset Group |
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| Aug, 2016 | Amount | Series A - Evergen | Valuation | AMP Capital , CSIRO |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Evergen
Evergen has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Fotowatio Renewable Ventures, CSIRO and AMP Capital. 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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Private equity fund focused on investments in real estate and infrastructure sectors
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Utility-scale renewable energy solutions are developed for power generation.
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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 Evergen
| 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 - Evergen
| 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 |
Evergen Comparisons
Competitors of Evergen
Evergen 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 Autogrid, Franklin Energy, Voltus, GridBeyond and Husk Power Systems, 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 |
IoT-enabled distributed energy resource management solutions are provided.
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| domain | founded_year | HQ Location |
Energy efficiency programs are designed for utilities and municipalities.
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| domain | founded_year | HQ Location |
Provider of demand response solutions for industrial and commercial applications
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| domain | founded_year | HQ Location |
AI-based platform for balancing distributed energy resources and demand response
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| domain | founded_year | HQ Location |
Hybrid renewable energy solutions are provided for rural communities.
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| domain | founded_year | HQ Location |
Solutions for demand response and energy intelligence 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 Evergen
Frequently Asked Questions about Evergen
When was Evergen founded?
Evergen was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Evergen located?
Evergen is headquartered in Newcastle, Australia. It is registered at Newcastle, New South Wales, Australia.
Is Evergen a funded company?
Evergen is a funded company, having raised a total of $17.15M across 3 funding rounds to date. The company's 1st funding round was a Series A of $3.7M, raised on Aug 25, 2016.
What does Evergen do?
Software platforms for monitoring, control, and optimization of distributed energy resources are developed by Evergen. Utility-scale assets and renewable energy systems across various sectors, including OEMs, energy retailers, and property developers, are supported. Solutions for energy management, such as DERMS and HEMS, are offered to enhance asset performance and facilitate the transition to renewable energy systems.
Who are the top competitors of Evergen?
Evergen's top competitors include Husk Power Systems, Autogrid and BioLite.
What products or services does Evergen offer?
Evergen offers Evergen Platform, Distributed Energy Resource Management System (DERMS), and Home Energy Management System (HEMS).
Who are Evergen's investors?
Evergen has 4 investors. Key investors include Fotowatio Renewable Ventures, CSIRO, AMP Capital, and Providence Asset Group.