About PV Evolution Labs
PV Evolution Labs is an Energy & Utilities company based in Berkeley (United States) founded in 2009, and was acquired by DNV GL in March 2014. Independent testing services for solar photovoltaic modules are provided. PV Evolution Labs has raised $1.18 million across 3 funding rounds from investors including DNV. Its focus areas include Energy, Solar Energy, Hardware Developer and Testing Equipment. Its competitors include Atonometrics, Bright Spot Automation and CFV Labs.
Company details
PV Evolution Labs was founded in 2009 in Berkeley, United States, within the renewable energy sector. A platform for testing photovoltaic modules was maintained, focusing on solar PV power systems. Independent engineering and technical services were delivered to owners and investors, supporting system reliability and performance evaluations across operations.
Funding Insights of PV Evolution Labs
PV Evolution Labs has successfully raised a total of $1.18M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $35 thousand completed in May 2012. 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 $1.18M
- Total Rounds 3
- Last Round Seed — $35,000
- First Round $733,750
(Dec 2010)
All 3 funding rounds of PV Evolution Labs 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 |
|---|---|---|---|---|---|
| May 2012 | $35,000 | Seed | – | – | – |
| Nov 2011 | $409,652 | Seed | – | – | – |
| Dec 2010 | $733,750 | Seed | – | – | – |
1 investors in total: 1 institutional.
Investors in PV Evolution Labs
PV Evolution Labs has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include DNV.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
DNV is recognized for providing classification, certification, and advisory services. | dnvgl.com | Norway |
Investor details for PV Evolution Labs
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Timeline of PV Evolution Labs
4 dated milestones of PV Evolution Labs across 5 years, from founding to its latest funding, stage changes and deals.
- Founded PV Evolution Labs is founded.
- Funding First funding round of $734K.
- Funding Latest funding round, Seed, of $35K.
- Exit Acquired by DNV GL.
Competitors of PV Evolution Labs
PV Evolution Labs has 3 listed competitors in our database. They include Atonometrics, Bright Spot Automation and CFV Labs.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| atonometrics.com | 2007 | Austin, United States | Equipment for photovoltaic module testing is supplied to manufacturers. | |||
| brightspotautomation.com | 2014 | Westford, United States | Solar panel testing solutions are developed using innovative measurement tools. | |||
| cfvlabs.com | 2010 | Albuquerque, United States | Solar module testing solutions are provided for photovoltaic performance improvement. |
Detailed competitors of PV Evolution Labs
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Web traffic of PV Evolution Labs
The website of PV Evolution Labs (pvel.com) receives about 9.7K visits a month.
- Monthly visits9.7K
▲ 126.3% vs previous month
Websites whose visitors overlap most with PV Evolution Labs. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| cea3.com | 100% | 1.1K | #15,026,865 | View details | |
| solairgen.com | 80% | #6,855,877 | View details | ||
aleo-solar.com | aleo-solar.com | 79% | – | ||
| lumossolar.com | 79% | #4,577,980 | View details | ||
| signaturesolar.com | 76% | #135,986 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 7 similar websites and full traffic analytics for PV Evolution Labs
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- 7 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as PV Evolution Labs (Renewable & Sustainable Energy) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168.67 M | |||
Sustainable energy solutions are developed and operated worldwide. | 2000 | Chicago, Illinois, United States | USD 575 M | 1,276 | ||
Solar energy services are provided to residential customers nationwide. | 2007 | San Francisco, California, United States | USD 296.98 M | USD 2.96 B | 11,060 |
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Related news about Pv Evolution Labs
Complete news archive for PV Evolution Labs
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Frequently Asked Questions about PV Evolution Labs
PV Evolution Labs was founded in 2009 and raised its 1st funding round 1 year after it was founded.
PV Evolution Labs is headquartered in Berkeley, United States. It is registered at Berkeley, California, United States.
PV Evolution Labs is a funded company, having raised a total of $1.18M across 3 funding rounds to date. The company's 1st funding round was a Seed of $733.75K, raised on Dec 2010.
PV Evolution Labs was founded in 2009 in Berkeley, United States, within the renewable energy sector. A platform for testing photovoltaic modules was maintained, focusing on solar PV power systems. Independent engineering and technical services were delivered to owners and investors, supporting system reliability and performance evaluations across operations.
PV Evolution Labs's top competitors include Atonometrics, Bright Spot Automation and CFV Labs.
PV Evolution Labs has 1 investor. Key investors include DNV.
Yes. PV Evolution Labs was acquired by DNV GL in March 2014.