About Exovolar
Exovolar is a company based in Union City (United States) founded in 2019 by Guanhao Wu.. Exovolar has raised $20 thousand across 1 funding round from investors including Techstars. The company has 3 employees as of December 31, 2021. Exovolar operates in a competitive market with competitors including Greenjets, Jetoptera, HyPoint, Vertiq and LaunchPoint, among others.
- Headquarter Union City, United States
- Employees 3 as on 31 Dec, 2021
- Founders Guanhao Wu
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Sectors
Aerospace, Defense & Maritime
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Exovolar Industries Corp.
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Annual Revenue
$26.52 K5205as on Dec 31, 2021
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Net Profit
$-284.06 K-22as on Dec 31, 2021
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EBITDA
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Total Equity Funding
$20 K (USD)
in 1 rounds
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Latest Funding Round
$20 K (USD), Seed
Jun 01, 2022
- Investors
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Employee Count
3
as on Dec 31, 2021
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Funding Insights of Exovolar
Exovolar has successfully raised a total of $20K through 1 strategic funding round. The most recent funding activity was a Seed round of $20 thousand 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 1
- Last Round Seed — $20,000
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First Round
First Round
(01 Jun 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Seed - Exovolar | Valuation | Techstars |
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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 Exovolar
Exovolar has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Techstars. 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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Startups are accelerated globally without sector restrictions through structured programs.
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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 Exovolar
| 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 - Exovolar
| 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 |
Exovolar Comparisons
Competitors of Exovolar
Exovolar 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 Greenjets, Jetoptera, HyPoint, Vertiq and LaunchPoint, 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 |
Quiet, safe electric propulsion systems for aircraft are developed.
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| domain | founded_year | HQ Location |
Propulsion and airframe systems are manufactured for UAVs and MAVs.
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| domain | founded_year | HQ Location |
Hydrogen fuel cell system
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| domain | founded_year | HQ Location |
Lightweight integrated motor and propulsion systems are designed and developed.
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| domain | founded_year | HQ Location |
Provider of hybrid electric propulsion systems and modeling software
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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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Frequently Asked Questions about Exovolar
When was Exovolar founded?
Exovolar was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Exovolar located?
Exovolar is headquartered in Union City, United States.
Who is the current CEO of Exovolar?
Guanhao Wu is the current CEO of Exovolar. They have also founded this company.
Is Exovolar a funded company?
Exovolar is a funded company, having raised a total of $20K across 1 funding round to date. The company's 1st funding round was a Seed of $20K, raised on Jun 01, 2022.
How many employees does Exovolar have?
As of Dec 31, 2021, the latest employee count at Exovolar is 3.
What is the annual revenue of Exovolar?
Annual revenue of Exovolar is $26.52K as on Dec 31, 2021.
What does Exovolar do?
Exovolar was founded in 2019 and is based in Union City, United States. Operations focus on the manufacture of flying chassis for drones within the aerospace sector. Multiple engines are provided for applications including personal mobility, delivery, emergency response, cargo transportation, and inspections. Custom development solutions for drone engines are also offered to meet specific needs.
Who are the top competitors of Exovolar?
Who are Exovolar's investors?
Exovolar has 1 investor. Key investors include Techstars.