Financials

Estimates*

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Revenues, earnings & profits over time
EUR20202021
Revenues<1m<1m
% growth-(99 %)
EBITDA(<1m)(2.2m)
% EBITDA margin(8 %)(49090 %)
Profit(<1m)(2.3m)
% profit margin(10 %)(50208 %)
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DateInvestorsAmountRound
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Seed
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$38.0m

Acquisition
Total Funding-

Recent News about Evolar

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More about Evolarinfo icon
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Evolar AB, founded in 2019, is at the forefront of the solar energy revolution, specializing in the development and commercialization of advanced photovoltaic (PV) technology. The company focuses on perovskite tandem solar cells, which are a new generation of solar cells designed to significantly boost efficiency compared to traditional silicon-based cells. Evolar's flagship product, the PV Power Booster Line, offers a comprehensive and easily integrable production line for these high-efficiency solar cells.

Evolar primarily serves industrial clients, including solar panel manufacturers and large-scale renewable energy providers, who are looking to enhance their product offerings and improve energy output. The company operates in the renewable energy market, which is rapidly growing due to increasing global demand for clean and sustainable energy solutions.

The business model of Evolar revolves around the commercialization of its proprietary PV Power Booster technology. This includes selling the PV Power Booster Line production equipment and providing ongoing support and optimization services to its clients. By enabling the mass production of perovskite tandem solar cells, Evolar helps its clients achieve higher energy efficiency and lower production costs, thereby making solar energy more affordable and accessible.

Evolar generates revenue through the sale of its production line equipment, licensing of its technology, and providing consultancy and support services. The company leverages its extensive experience in solar cell production, with a team boasting over 30 years of expertise, to deliver cutting-edge solutions that meet the evolving needs of the renewable energy sector.

Keywords: perovskite tandem solar cells, PV Power Booster, renewable energy, solar technology, industrial clients, production line, efficiency, commercialization, clean energy, sustainable solutions.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.