EVO Power Pty Ltd

EVO Power Pty Ltd, based in Australia, focuses on innovative Battery Energy Storage Solutions (BESS) that enhance renewable energy utilization. Their advanced systems support various applications, promoting a transition to cleaner energy solutions. EVO Power Pty Ltd specializes in Battery Energy Storage Solutions, offering products tailored for diverse sectors including virtual power plants and solar farm integration. Founded in 2019, the company is headquartered in Australia.

In September 2025, EVO Power raised AUD 30. 53 mn in venture funding led by Mirae Asset Venture Investment, involving other investors such as KPMG Capital and AJU IB Investment. This funding round marks the company's first known deal since its inception, resulting in a total amount raised of AUD 30. 53 mn.

The company's founder's previous entrepreneurial history is not detailed in the available information. EVO Power specializes in providing comprehensive Battery Energy Storage Solutions (BESS) that integrate advanced hardware and software technologies. Their core offerings include flexible BESS product solutions designed for diverse applications such as virtual power plants, grid support, and solar farm integration. These solutions are meticulously engineered to optimize performance and return on investment, aimed at assisting businesses in transitioning to renewable energy sources and supporting clean electrification.

The company serves a broad client base that includes energy providers, commercial enterprises, and residential users across various international markets, emphasizing regions where renewable energy adoption is critical. Their partnerships with the top global lithium battery cell manufacturers ensure a reliable supply of high-quality components, enhancing the bankability of their systems. EVO Power generates revenue through a structured business model characterized by B2B transactions, partnering with energy service providers and commercial clients. The company’s revenue stream is bolstered by the sale of their flagship BESS products and related services, including installation and ongoing support.

Clients engage in agreements that may involve upfront purchase options or long-term subscription plans, allowing for tailored energy storage solutions that meet specific operational needs. The pricing of these solutions is determined by the complexity and capacity of the systems provided, with customized quotes based on the individual requirements of each client. This transactional structure ensures that EVO Power can maintain consistent relationships with its customers while driving growth in the renewable energy sector. The company will use the September 2025 funding to support its expansion initiatives.

The company is focused on developing new BESS products designed for evolving energy demands, though specific release dates have not been disclosed. Plans for geographic expansion are underway, targeting new international markets where renewable energy adoption is critical. This funding will be utilized to bolster these growth initiatives, enhancing their capabilities in the rapidly evolving energy landscape.