When was Eavor founded?

Eavor was founded in 2017 and raised its 1st funding round 2 years after it was founded.

Where is Eavor located?

Eavor is headquartered in Calgary, Canada.

How many employees does Eavor have?

As of Jul 31, 2026, the latest employee count at Eavor is 79.

Is Eavor a funded company?

Eavor is a funded company, having raised a total of $245M across 10 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Apr 25, 2019.

When was the latest funding round of Eavor?

Eavor's latest funding was a $***** Series C round on Jul 09, 2025, with participation from 1 investor.

Where does Eavor rank among its competitors?

Eavor ranks 1st amongst 14 active competitors, of which 2 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Fervo Energy, which secured $421M in Mar, 2026.

Who are the top competitors of Eavor?

Eavor's top competitors include Fervo Energy, Sage Geosystems and Lava Power. Among them, Fervo Energy secured the most recent funding round in March, 2026.

Eavor - 2026 Company Profile, Funding & Competitors

Company Details

Provider of solutions for generating electricity from geothermal energy. The company offers a closed system within which a proprietary working fluid is contained and circulated. The system harvests heat from deep in the earth that can be used for commercial heating applications.

Website: eavor.com
Social
Email ID: *****@eavor.com

Key Metrics

Founded Year

2017

Location

Calgary, Canada

Stage

Acquired

Total Funding

$245M in 10 rounds

Latest Funding Round

Series C, Jul 09, 2025, $*****

Investors

OMV Group & 14 more

Ranked

1^st among 14 active competitors

Employee Count

79 as on Jul 31, 2026

Similar Companies

Fervo Energy & 14 more

Exit Details

Acquired by Chubu Electric Power (Oct 19, 2022)

View Eavor's full profile

Eavor got acquired by Chubu Electric Power on Oct 19, 2022.

Click here to take a look at Eavor's acquisition in detail

Eavor has raised a total funding of $245M over 10 rounds. Its first funding round was on Apr 25, 2019. Its latest funding round was a Series C round on Jul 09, 2025 for $*****. 1 investor participated in its latest round. Eavor has 15 institutional investors.

Here is the list of recent funding rounds of Eavor:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 09, 2025	7931102	Series C	1500129	4490646	1587814	7517763
Oct 25, 2023	1411496	Series B	3267253	2449637	5459297	BDC & 5 more
Jun 09, 2023	3445670	Series B	8013883	5479930	OMV Group	BP Ventures & 2 more

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View details of Eavor's funding rounds and investors

Eavor's employee count trend

Eavor has 79 employees as of Jul 26. Here is Eavor's employee count trend over the years:

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Top competitors of Eavor include Fervo Energy, Sage Geosystems and Lava Power. Here is the list of Top 10 competitors of Eavor, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Eavor 2017, Calgary (Canada), Acquired	Provider of solutions for generating electricity from geothermal energy	$245M	BP Ventures, Chevron Technology Ventures ... & 13 others	61/100
2nd	Fervo Energy 2017, San Francisco (United States), Public	Developer of next-generation geothermal projects delivering carbon-free energy	$1.12B	Capricorn, Devon Energy & 40 others	63/100
3rd	Sage Geosystems 2020, Bellaire (United States), Series B	Developer of geo-thermal energy projects	$154M	Carbon Direct Capital, Nabors & 11 others	56/100
4th	Lava Power 2020, Sdot Yam (Israel), Seed	Developer of heat engine technology converting heat into zero-emission electricity	$7M	Grove Ventures, Maj Invest & 3 others	38/100
5th	Methanol Reformer Molins De Rei (Spain), Unfunded	Provider of methanol reforming technology for hydrogen and electricity generation	-	-	34/100
6th	Celsius Energy 2015, Clamart (France), Unfunded	Provider of geothermal energy solutions for building heating and cooling. This company designs, implements, and maintains geothermal systems, reducing carbon emissions and energy consumption in various building types, including residential, commercial, and institutional structures. They also offer digital assistance for system operation and optimization, along with financing options to facilitate project implementation. The company's approach focuses on a complete solution, from initial design to ongoing maintenance, ensuring optimal energy performance and cost savings for clients.	-	-	29/100
7th	GEIOS 2021, Miami (United States), Unfunded	Provider of AI-driven exo-geothermal solutions for geothermal energy operators	-	-	24/100
9th	Iwatec 1989, Japan, Unfunded	Provider of renewable energy solutions, including geothermal and biomass power	-	-	21/100
10th	Ecowatt-Energy Rendalen (Norway), Unfunded	Developer of geothermal-powered data centers	-	-	18/100