Evolve Energy Group - About the company
Evolve Energy Group is a funded company based in Chennai (India), founded in 2011. It operates as a Manufacturer of solar inverters, modules, and balance of system components. Evolve Energy Group has raised an undisclosed amount in funding. The company has 1792 active competitors, including 101 funded and 127 that have exited. Its top competitors include companies like Waaree Energies, First Solar and Vikram Solar.
Company Details
Manufacturer of solar inverters, modules, and balance of system components. The company provides engineering, procurement, and construction services for solar power systems. It offers operation and maintenance services to ensure optimal performance and equipment reliability. Residential, commercial, and utility-scale solar projects are supported.
- Website
- evolveenergygroup.com
- Social
- Registered Address
- 371 SIDCO Industrial Estate NP Ambattur, Chennai, Tamil Nadu, India, 600098
Key Metrics
Founded Year
2011
Location
Chennai, India
Stage
Funding Raised
Latest Funding Round
Investors
Ranked
102nd among 1792 active competitors
Annual Revenue
₹100 - ₹500 Cr as on Mar 31, 2025
Employee Count
183 as on Jun 30, 2026
Similar Companies
Legal entities associated with Evolve Energy Group
Evolve Energy Group is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
EVOLVE GREEN ENERGIES PRIVATE LIMITED CIN: U74990TN2011PTC078851 , India, Active | Jan 17, 2011 | ₹100 - ₹500 Cr (As on Mar 31, 2025) | 115 (As on Apr 01, 2026) |
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Evolve Energy Group's funding and investors
Evolve Energy Group has raised funding over 1 round. Its latest funding round was a Conventional Debt round on May 28, 2026 for $*****. 1 investor participated in its latest round. Evolve Energy Group has 1 institutional investor.
Here is the list of recent funding rounds of Evolve Energy Group:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 28, 2026 | 8868050 | Conventional Debt | 7256470 | 5176084 | 8259005 | 1548613 |
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Evolve Energy Group's founders and board of directors
Founder? Claim ProfileEvolve Energy Group's employee count trend
Evolve Energy Group has 183 employees as of Jun 26. Here is Evolve Energy Group's employee count trend over the years:
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Evolve Energy Group's Competitors and alternates
Top competitors of Evolve Energy Group include Waaree Energies, First Solar and Vikram Solar. Here is the list of Top 10 competitors of Evolve Energy Group, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Waaree Energies 1990, Mumbai (India), Public | Manufacturer of solar PV modules | $261M | 73/100 | |
2nd |  First Solar 1999, Tempe (United States), Public | Provider of cadmium telluride-based flexible solar modules | - | 70/100 | |
3rd | Vikram Solar 2005, Kolkata (India), Public | Manufacturer of solar photovoltaic modules and renewable energy solutions | $94.1M | 69/100 | |
4th |  Jinko Solar 2006, Shanghai (China), Acquired | Manufacturer of solar modules | $35M | 67/100 | |
5th | Premier Energies 1995, Secunderabad (India), Public | Manufacturer and supplier of solar cells and modules with a focus on sustainable energy solutions | $45M | 66/100 | |
6th | Suniva 2007, Norcross (United States), Acquired | Manufacturer of solar PV modules | $224M | 66/100 | |
7th |  Swift Solar 2017, Golden (United States), Series A | Provider of flexible perovskite solar cells | $42.4M | 64/100 | |
8th |  Saatvik Green Energy 2015, Gurugram (India), Public | Manufacturers of solar PV modules | - | - | 64/100 |
9th |  CubicPV 2021, Bedford (United States), Series C | Manufacturer of solar PV modules | $137M | 63/100 | |
10th |  Tandem PV 2017, San Francisco (United States), Series A | Developer of a perovskite-based solar cell | $64.4M | 62/100 | |
102nd |  Evolve Energy Group 2011, Chennai (India), Funding Raised | Manufacturer of solar inverters, modules, and balance of system components | - | 43/100 |
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Evolve Energy Group's Investments and acquisitions
Evolve Energy Group has made no investments or acquisitions yet.
Reports related to Evolve Energy Group
Here is the latest report on Evolve Energy Group's geography:
News related to Evolve Energy Group
Media has covered Evolve Energy Group for a total of 9 events in the last 1 year, 5 of them have been about company updates and 1 about partnerships.
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Burger King secures renewable energy deal for UK operationsBusinessGreen•May 29, 2026•Evolve Energy Group
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Evolve Energy Buys Race Bank Offshore Wind Farm Power from ShellOffshore WIND•Apr 14, 2026•Evolve Energy Group, Shell, Evolve Energy
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