About Exovolar
Exovolar is an Aerospace, Defense & Maritime company based in Union City (United States) founded in 2019 by Guanhao Wu. Flying chassis and engines for drones are manufactured by Exovolar. Exovolar has raised $20 thousand across 1 funding round from investors including Techstars. The company has 3 employees. Its chief executive, as recorded, is Guanhao Wu. Its focus areas include High Tech, Drones, Drone Accessories and Propulsion. Its legal entity is Exovolar Industries Corp. Its competitors include Jetoptera, HyPoint and Vertiq; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Union City, United States
- Employees 3
- Founders Guanhao Wu
- SectorsAerospace, Defense & Maritime
- Website exovolar.com
- Social LinkedIn X Facebook
- Legal Name Exovolar Industries Corp.
- Annual Revenue$26.52 K (USD)5205as on Dec 31, 2021
- Net Profit-$284.06 K (USD)-22as on Dec 31, 2021
- Total Equity Funding$20K (USD)
in 1 rounds
- Latest Funding Round$20K (USD), Seed
Jun 2022
- Investors
- Employee Count3
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 $20,000
- Total Rounds 1
- Last Round Seed — $20,000
- First Round $20,000
(Jun 2022)
- Investors Count 1
All 1 funding rounds of Exovolar 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 |
|---|---|---|---|---|---|
| Jun 2022 | $20,000 | Seed | – | Techstars | – |
1 investors in total: 1 institutional.
Investors in Exovolar
Exovolar has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Techstars.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startups are accelerated globally without sector restrictions through structured programs. | 2006 | techstars.com | New York, United States |
Investor details for Exovolar
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
Verified entity values are shown only after access is granted.
People of Exovolar
3 people are tracked at Exovolar (3 in leadership); the tracked headcount is 3.
| Name | Role | Group |
|---|---|---|
Guanhao Wu | Co-Founder & CEO & CTO | Leadership |
Guanhao Wu (Hao) | Co-founder, CEO | Leadership |
Andrea Giannini | Co-founder | Leadership |
Complete people profiles for Exovolar
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
Verified entity values are shown only after access is granted.
Timeline of Exovolar
2 dated milestones of Exovolar across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Exovolar is founded.
- Funding First funding round of $20K.
Competitors of Exovolar
Exovolar has 3 listed competitors in our database, 3 of them funded. They include Jetoptera, HyPoint and Vertiq.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| jetoptera.com | 2015 | Edmonds, United States | $19,435 | Propulsion and airframe systems are manufactured for UAVs and MAVs. | ||
| hypoint.com | 2016 | Menlo Park, United States | $1M | Hydrogen fuel cell system | ||
| vertiq.co | 2016 | Philadelphia, United States | $2.93M | Lightweight integrated motor and propulsion systems are designed and developed. |
Detailed competitors of Exovolar
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- Full competitor set
- Operating metrics
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- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Drone & Aerial Mobility
3 companies that operate in the same segment as Exovolar (Drone & Aerial Mobility) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of AI-based drone surveillance solutions for defense and maritime sector | 2017 | Orange, California, United States | USD 11.29 B | 9,670 | ||
Autonomous drones and AI pilots for fighter jets are developed. | 2015 | San Diego, California, United States | USD 3.52 B | 1,965 | ||
Autonomous drones, software, and accessories are manufactured for various sectors. | 2014 | San Mateo, California, United States | USD 825 M | 1,067 |
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Frequently Asked Questions about Exovolar
Exovolar was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Exovolar is headquartered in Union City, United States.
Guanhao Wu is the CEO of Exovolar, as recorded in our data. They have also founded this 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 2022.
Exovolar has 3 employees.
Annual revenue of Exovolar is $26.52K as on Dec 31, 2021.
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.
Exovolar has 1 investor. Key investors include Techstars.
Exovolar operates through Exovolar Industries Corp..