The $30.53 million (USD 20 million) raise, supported by KPMG, involves private equity and venture capital investors led by Mirae Asset Venture Investment and new partners such as AJU IB Investment, DS Investment Partners, and Gravity Private Equity.
This investment aims to accelerate Evo Power’s growth strategy with a focus upon facility and capability development, increased service functionality, and the development of an expanded product solution portfolio.
Evo Power co-founder and Chief Executive Officer Jamie Allen said “Securing this investment marks an exciting new chapter for EVO Power as we celebrate six years of growth and innovation.”
“The support from our investors is a clear vote of confidence in our vision and capabilities. These funds will allow us to scale our development pipeline in Australia and the United States, while also advancing our proprietary distributed energy resources (DER) control software.
“By combining project delivery with cutting-edge technology, we’re strengthening our ability to accelerate the deployment of smarter, cleaner, and more resilient energy solutions.”
Allen Choi, CSO and co-founder of Evo Power, said “This investment is a recognition of Evo Power’s proven growth and competitiveness in the market. With this new capital, we will accelerate our global expansion and further strengthen our technological innovation.”
“Beyond BESS supply, we are committed to being a total solution provider, delivering turnkey systems that integrate project development, execution, and operation and maintenance (O&M) together with our trusted partners. With this vision, EVO Power is not only addressing today’s energy challenges but also shaping the foundation for a sustainable energy future.”
Kim Kyungmo, from a lead investor, Mirae Asset Venture Investment, said “Mirae Capital values Evo Power’s vision and innovation. As the company evolves into a total energy solutions provider, this investment will accelerate its growth in Australia, the US, and beyond, driving the sustainable energy transition and long-term value creation.”
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