Evolar Overview

  • Year Founded
  • 2019

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 20

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $80M

Evolar General Information

Description

Developer of a solar cell technology designed to boost sustainable power production. The company's technology contributes towards generating solar power by producing perovskite solar cells at a high volume, enabling solar panel manufacturers to increase the power yield of solar panels.

Contact Information

Website
www.evolarab.se
Ownership Status
Acquired/Merged
Financing Status
Formerly Accelerator/Incubator backed
Corporate Office
  • Vallvägen 5
  • 756 51 Uppsala
  • Sweden
Primary Industry
Alternative Energy Equipment
Acquirer
First Solar
Vertical(s)
CleanTech, LOHAS & Wellness, Manufacturing
Corporate Office
  • Vallvägen 5
  • 756 51 Uppsala
  • Sweden

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Evolar Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
6. Merger/Acquisition 12-May-2023 $80M Completed Generating Revenue
5. Secondary Transaction - Private Completed Generating Revenue
4. Accelerator/Incubator 01-Jan-2022 Completed Generating Revenue
3. Merger/Acquisition 21-Dec-2021 Completed Generating Revenue
2. Corporate 16-Nov-2020 $1.66M $1.72M Completed Generating Revenue
1. Accelerator/Incubator 07-Sep-2020 $57.3K $57.3K Completed Generating Revenue
To view Evolar’s complete valuation and funding history, request access »

Evolar Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a solar cell technology designed to boost sustainable power production. The company's technology contribute
Alternative Energy Equipment
Uppsala, Sweden
20 As of 2026

Gersthofen, Germany
 

Laupheim, Germany
 
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Evolar Competitors (3)

One of Evolar’s 3 competitors is AESolar, a Venture Capital-Backed company based in Gersthofen, Germany.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
AESolar Venture Capital-Backed Gersthofen, Germany
AxSun Solar Corporate Backed or Acquired Laupheim, Germany
Solimpeks SOLAR Corporation Konya, Turkey
You’re viewing 3 of 3 competitors. Get the full list »

Evolar Patents

  • 3

    Total Documents Applications and Grants

  • Total Patents Families

  • Granted

  • Pending

  • Expiring in next 12 mo

Evolar Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
WO-2024013227-A1 Method of preparing perovskite structures Inactive 15-Jul-2022
WO-2021260084-A1 Photovoltaic top module Inactive 26-Jun-2020
WO-2021260084-A9 Photovoltaic top module Inactive 26-Jun-2020 H10F19/40

Evolar Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

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Evolar Former Investors (4)

Investor Name Investor Type Holding Investor Since Participating Rounds
Magnora Corporation Majority
Propel Capital (Sweden) Angel Group Minority
Stockholm Innovation & Growth Accelerator/Incubator
Uppsala Innovation Centre Accelerator/Incubator
To view Evolar’s complete investors history, request access »

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Evolar FAQs

  • When was Evolar founded?

    Evolar was founded in 2019.

  • Where is Evolar headquartered?

    Evolar is headquartered in Uppsala, Sweden.

  • What is the size of Evolar?

    Evolar has 20 total employees.

  • What industry is Evolar in?

    Evolar’s primary industry is Alternative Energy Equipment.

  • Is Evolar a private or public company?

    Evolar is a Private company.

  • What is the current valuation of Evolar?

    The current valuation of Evolar is .

  • What is Evolar’s current revenue?

    The current revenue for Evolar is .

  • How much funding has Evolar raised over time?

    Evolar has raised $1.72M.

  • Who are Evolar’s investors?

    Magnora, Propel Capital (Sweden), Stockholm Innovation & Growth, and Uppsala Innovation Centre have invested in Evolar.

  • Who are Evolar’s competitors?

    AESolar, AxSun Solar, and Solimpeks SOLAR are competitors of Evolar.

  • When was Evolar acquired?

    Evolar was acquired on 12-May-2023.

  • Who acquired Evolar?

    Evolar was acquired by First Solar.

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