When was Exovolar founded?

Exovolar was founded in 2019 and raised its 1st funding round 3 years after it was founded.

Where is Exovolar located?

Exovolar is headquartered in Union City, United States. It is registered at 600 PALISADE AVE., SUITE 213, UNION CITY, NJ.

Who is the current CEO of Exovolar?

Guanhao Wu of Exovolar. They have also founded 1 company.

How many employees does Exovolar have?

As of Jun 30, 2026, the latest employee count at Exovolar is 3.

Is Exovolar a funded company?

Exovolar is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on 2022.

How much is Exovolar worth?

The latest valuation of Exovolar is $***** as of Sep 17, 2021.

When was the latest funding round of Exovolar?

Exovolar's latest funding was a $***** Seed round on 2022, with participation from 1 investor. Its primary sector is Drones. In United States, the Drones sector has seen $7.76B in funding in 2026 to date.

What is the annual revenue of Exovolar?

Annual revenue of Exovolar is less than $1M as on Dec 31, 2021

Where does Exovolar rank among its competitors?

Exovolar ranks 11th amongst 60 active competitors, of which 14 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Greenjets, which secured $40.5M in Jul, 2026.

Who are the top competitors of Exovolar?

Exovolar's top competitors include Greenjets, Dheya Engineering Technologies and Orbital. Among them, Greenjets secured the most recent funding round in July, 2026.

Exovolar - 2026 Company Profile, Team, Funding & Competitors

Company Details

Manufacturer of flying chassis for drones. It offers multiple engines for personal mobility, delivery, emergency responding, cargo transportation, and inspection applications. It also offers custom drone engine development solutions.

Website: exovolar.com
Social
Registered Address: 600 PALISADE AVE., SUITE 213, UNION CITY, NJ

Key Metrics

Founded Year

2019

Location

Union City, United States

Stage

Seed

Total Funding

$20K in 1 round

Latest Funding Round

Seed, 2022, $*****

Post Money Valuation

$***** as on Sep 17, 2021

Investors

Techstars

Ranked

11^th among 60 active competitors

Annual Revenue

$0 - $1M as on Dec 31, 2021

Employee Count

3 as on Jun 30, 2026

Similar Companies

Greenjets & 65 more

View Exovolar's full profile

Exovolar is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Exovolar Industries Corp. CIN: 0001880274 , United States, Active		$0 - $1M (As on Dec 31, 2021)	3 (As on Dec 31, 2021)	-

Exovolar has raised a total funding of $20K over 1 round. Its latest funding round was a Seed round on 2022 for $*****. 1 investor participated in its latest round. Exovolar has 1 institutional investor.

Here is the list of recent funding rounds of Exovolar:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
2022	8738	Seed	1491	5990	6866	6254

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View details of Exovolar's funding rounds and investors

The founders of Exovolar is Guanhao Wu. Guanhao Wu is the CEO of Exovolar.

Here are the details of Exovolar's key team members:

Guanhao Wu: Co-Founder & CEO of Exovolar.
Contact Info: 1 email address

View details of Exovolar's Founder profiles and Board Members

Exovolar's employee count trend

Exovolar has 3 employees as of Jun 26. Here is Exovolar's employee count trend over the years:

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Top competitors of Exovolar include Greenjets, Dheya Engineering Technologies and Orbital. Here is the list of Top 10 competitors of Exovolar, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Greenjets 2005, London (United Kingdom), Series A	Developer of electric jet engines for sustainable aviation propulsion systems	$47.5M	7percent Ventures, Blossom Capital & 16 others	62/100
2nd	Dheya Engineering Technologies 2018, Bengaluru (India), Seed	Provider of indigenously designed turbomachinery products and engineering services	$2.37M	Indian Institute of Technology Roorkee, Unimech Aerospace ... & 1 others	50/100
3rd	Orbital 1972, Perth (Australia), Public	Manufacturer of integrated propulsion systems for unmanned aerial vehicles	-	-	49/100
4th	LaunchPoint 1992, Goleta (United States), Early Stage	Provider of hybrid electric propulsion systems and modeling software	$11.4M	National Science Foundation	48/100
5th	Zepco Technologies 2022, Bengaluru (India), Seed	Platform offering power electronics products	$2.68M	Volta Energy, Avalon & 15 others	46/100
6th	Aerix Systems 2020, France, Seed	Developer of propulsion systems for defense and civil applications	-	Starburst, Les Business Angels des Grandes Écoles ... & 4 others	45/100
7th	Westmag 2025, San Francisco (United States), Seed	Manufacturer of electric motors and actuators for autonomous machine platforms	$11M	Andreessen Horowitz, Founders Fund & 3 others	43/100
8th	HyPoint 2016, Menlo Park (United States), Acquired	Hydrogen fuel cell system	$1M	Climate Capital, Activat & 8 others	36/100
9th	Aerodevelop Japan 2018, Chuo City (Japan), Series A	Developer of hybrid engine for drones operating in manufacturing and logistics sectors	$449K	Idaten Ventures, F.C.C.	32/100
10th	Vertiq 2016, Philadelphia (United States), Seed	Designer of light weight integrated motor and propulsion systems	$2.93M	Gabriel Investments, HAX & 6 others	31/100
11th	Exovolar 2019, Union City (United States), Seed	Manufacturer of flying chassis for drones	$20K	Techstars	29/100