About Evervolt
Evervolt is an Energy & Utilities company based in Bengaluru (India) founded in 2013 by Krishna Thimmaiah. It offers installation and maintenance services for solar PV systems. It operates on a B2B model. Evervolt has raised $5.87 million across 3 funding rounds from investors including Shree Ram Colloids. Its Indian entity Evervolt Green Energy Private Limited reported revenue of ₹163 Cr. Its focus areas include Energy and Utilities, Renewable Energy, Solar Power and Installation Services. Its competitors include CleanMax, Freyr Energy and Fourth Partner Energy; 3 of its 3 listed competitors have raised funding.
Company details
Evervolt, based in Bengaluru, focuses on energy and utilities, promoting renewable energy, solar power, and installation services. Offers installation and maintenance services for solar PV systems. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Bengaluru, India
- Founders Krishna Thimmaiah
- SectorsEnergy & Utilities
- Website evervolt.in
- Legal Name Evervolt Green Energy Private Limited
- Date of Incorporation 11 Sep, 2013
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹163 Cr
FY 2025 · -4% YoY
- Net Profit₹3.01 Cr
FY 2025 · 2% margin
- EBITDA₹4.37 Cr
FY 2025 · 3% margin
- Total Equity Funding$5.87M (USD)
in 3 rounds
- Latest Funding Round$5.82M (USD), Series A
Mar 2025
- Investors
Associated legal entities of Evervolt
Evervolt operates through Evervolt Green Energy Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Evervolt Green Energy Private Limited CIN U40106KA2013PTC070956 | Active | 11 Sep 2013 | Bangalore, Karnataka | ₹163 Cr | 3 | View details |
Funding Insights of Evervolt
Evervolt has successfully raised a total of $5.87M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $5.82 million completed in March 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 $5.87M
- Total Rounds 3
- Last Round Series A — $5.82M
- Investors Count 1
All 3 funding rounds of Evervolt with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2025 | $5.82M | Series A | – | – | |
| Nov 2023 | $48,430 | Angel Round | – | – | – |
| Mar 2015 | Angel Round | – | – | – |
1 investors in total: 1 institutional.
Investors in Evervolt
Evervolt has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Shree Ram Colloids.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| shreeramcolloids.com |
Investor details for Evervolt
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Board of directors of Evervolt Green Energy Private Limited (Evervolt)
Evervolt Green Energy Private Limited is the primary company behind Evervolt. The board of Evervolt Green Energy Private Limited currently have 3 directors; the longest-serving is Krishna Thimmaiah, appointed in 2013. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Krishna Thimmaiah DIN 06399543 | Director | 11 Sep 2013 | 13 yrs 1 mo | Evervolt Green Energy Private Limited |
| Swarna Saana DIN 07053770 | Director | 26 Dec 2014 | 11 yrs 10 mo | Evervolt Green Energy Private Limited |
| Tan Chin Piaw DIN 07865834 | Director | 16 Apr 2025 | 1 yr 6 mo | Evervolt Green Energy Private Limited |
People of Evervolt
1 people are tracked at Evervolt (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder, Director | Leadership |
Complete people profiles for Evervolt
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Financials of Evervolt
Figures of Evervolt Green Energy Private Limited, the primary company behind Evervolt, for FY 2025. Revenue was ₹163 Cr (-4% year on year). Net profit was ₹3.01 Cr (2% margin). EBITDA was ₹4.37 Cr (3% margin). Revenue has grown at a compounded annual rate of +4% over three years and +53% over five years.
- ₹163 CrRevenue · FY 2025 · -4% YoY
- ₹3.01 CrNet profit · 2% margin
- ₹4.37 CrEBITDA · 3% margin
- ₹8.43 CrPaid-up capital
- +4%Revenue CAGR, 3 years
- +53%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Evervolt Green Energy Private Limited are on its company page.
Detailed financial statements for Evervolt
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Timeline of Evervolt
3 dated milestones of Evervolt across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Evervolt is founded.
- Funding First funding round.
- Funding Latest funding round, Series A, of $5.8M.
Competitors of Evervolt
Evervolt has 3 listed competitors in our database, 3 of them funded. They include CleanMax, Freyr Energy and Fourth Partner Energy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| cleanmax.com | 2011 | Mumbai, India | $442.67M | 333 | Solar energy projects are developed for commercial and industrial clients. | |
| freyrenergy.com | 2014 | Hyderabad, India | $13.23M | 370 | Solar energy projects are developed for residential and commercial applications. | |
| fourthpartner.co | 2010 | Hyderabad, India | $564.02M | 425 | On-grid and off-grid solar solutions and products are provided. |
Detailed competitors of Evervolt
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Web traffic of Evervolt
The website of Evervolt (evervolt.in) receives about 1.7K visits a month.
- Monthly visits1.7K
▲ 18.3% vs previous month
Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Evervolt (Renewable & Sustainable Energy) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Solar energy projects are developed for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 111.38 M | USD 2.77 B | 8,690 |
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Related news about Evervolt
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Frequently Asked Questions about Evervolt
Evervolt was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Evervolt is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Evervolt is a funded company, having raised a total of $5.87M across 3 funding rounds to date.
The primary company behind Evervolt, Evervolt Green Energy Private Limited, reported revenue of ₹163 Cr for FY 2025, down 4% year on year.
Evervolt, based in Bengaluru, focuses on energy and utilities, promoting renewable energy, solar power, and installation services. Offers installation and maintenance services for solar PV systems. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
Evervolt's top competitors include CleanMax, Fourth Partner Energy and Freyr Energy.
Evervolt has 1 investor. Key investors include Shree Ram Colloids.
Evervolt operates through Evervolt Green Energy Private Limited.
The legal entities of Evervolt currently have 3 directors, including Tan Chin Piaw, Krishna Thimmaiah, Swarna Saana.