About Evolar
Evolar is a company based in Uppsala (Sweden) founded in 2019 by Erik Wallin, Lars Stolt, Kathrin Theelen, Mats Ljunggren, and Olle Lundberg was acquired by First Solar in May 2023.. Evolar operates in a competitive market with competitors including Exeger, First Solar, Oxford Photovoltaics, Swift Solar and Ambient Photonics, among others.
- Headquarter Uppsala, Sweden
- Founders Erik Wallin, Lars Stolt, Kathrin Theelen, Mats Ljunggren, Olle Lundberg
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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
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
First Solar
& 1 more
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Employee Count
Employee Count
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Acquired by
First Solar
(May 12, 2023)
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Funding Insights of Evolar
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2021 | Amount | Seed - Evolar | Valuation | Magnora |
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| Nov, 2020 | Amount | Seed - Evolar | Valuation | Magnora |
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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 Evolar
Evolar has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include First Solar and Magnora. 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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Provider of cadmium telluride-based flexible solar modules
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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 Evolar
| 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 - Evolar
| 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 |
Evolar Comparisons
Competitors of Evolar
Evolar 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 Exeger, First Solar, Oxford Photovoltaics, Swift Solar and Ambient Photonics, 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 |
Solar cells are manufactured with proprietary dye-sensitized technology.
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| domain | founded_year | HQ Location |
Provider of cadmium telluride-based flexible solar modules
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| domain | founded_year | HQ Location |
Perovskite-based solar cells are provided for BIPV applications.
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| domain | founded_year | HQ Location |
Flexible perovskite solar cells are provided using hybrid halide materials.
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| domain | founded_year | HQ Location |
Solar cells are supplied for powering connected IoT devices.
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| domain | founded_year | HQ Location |
Organic solar films and photovoltaic panels are manufactured.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Evolar
Frequently Asked Questions about Evolar
When was Evolar founded?
Evolar was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Evolar located?
Evolar is headquartered in Uppsala, Sweden. It is registered at Uppsala, Uppsala County, Sweden.
Who is the current CEO of Evolar?
Mats Ljunggren is the current CEO of Evolar. They have also founded this company.
What does Evolar do?
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.
Who are the top competitors of Evolar?
Evolar's top competitors include First Solar, Oxford Photovoltaics and Swift Solar.
Who are Evolar's investors?
Evolar has 2 investors. Key investors include First Solar, and Magnora.
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