About Evolar
Evolar is an Energy & Utilities company based in Uppsala (Sweden) founded in 2019 by Erik Wallin, Lars Stolt, Kathrin Theelen, Mats Ljunggren, and Olle Lundberg, and was acquired by First Solar in May 2023. Perovskite-based solar panels are provided for high-volume production. Its chief executive, as recorded, is Mats Ljunggren. Its focus areas include Energy Tech, Renewable Energy Tech, Solar Energy and Solar Modules.
Company details
Evolar was founded in 2019 in Uppsala, Sweden, within the renewable energy sector. Perovskite solar cells are developed and produced using synthesized materials that support efficient photovoltaics. Technology is supplied to enable large-scale manufacturing, focusing on cost-effective solar solutions. Operations center on advancing perovskite structures for broader photovoltaic applications in the region.
- Headquarters Uppsala, Sweden
- Founders Erik Wallin, Lars Stolt, Kathrin Theelen, Mats Ljunggren, Olle Lundberg
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Website evolarab.se
- Social LinkedIn
- Acquired by First Solar (May 2023)
- InvestorsFirst Solar
& 1 more
- Acquired byFirst Solar
(May 2023)
Funding Insights of Evolar
- Total Rounds 2
- Investors Count 1
All 2 funding rounds of Evolar with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
2 investors in total: 2 institutional.
Investors in Evolar
Evolar has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include First Solar and Magnora.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| magnoraasa.com | ||||
Provider of cadmium telluride-based flexible solar modules | 1999 | firstsolar.com | Tempe, United States |
Investor details for Evolar
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of Evolar
5 people are tracked at Evolar (5 in leadership).
| Name | Role | Group |
|---|---|---|
Erik Wallin | Co-Founder | Leadership |
Lars Stolt | Co-Founder | Leadership |
Kathrin Theelen | Co-Founder & COO | Leadership |
Mats Ljunggren | Co-Founder & CEO | Leadership |
Olle Lundberg | Co-Founder & CTO | Leadership |
Complete people profiles for Evolar
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Timeline of Evolar
4 dated milestones of Evolar across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Evolar is founded.
- Funding First funding round.
- Funding Latest funding round, Seed,.
- Exit Acquired by First Solar.
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Related news about Evolar
Complete news archive for Evolar
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Frequently Asked Questions about Evolar
Evolar was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Evolar is headquartered in Uppsala, Sweden. It is registered at Uppsala, Uppsala County, Sweden.
Mats Ljunggren is the CEO of Evolar, as recorded in our data. They have also founded this company.
Evolar was founded in 2019 in Uppsala, Sweden, within the renewable energy sector. Perovskite solar cells are developed and produced using synthesized materials that support efficient photovoltaics. Technology is supplied to enable large-scale manufacturing, focusing on cost-effective solar solutions. Operations center on advancing perovskite structures for broader photovoltaic applications in the region.
Evolar has 2 investors. Key investors include First Solar, and Magnora.
Yes. Evolar was acquired by First Solar in May 2023.