E
Evolectric
Advance global electrification by enabling and providing products and services that unlock current and new electrification technologies to emerging markets and underserved segments
About Evolectric
Evolectric is a startup that provides electrification solutions for businesses of all sizes, with a particular focus on fleet vehicles. The company operates in the electric vehicle (EV) market, offering a cost-effective and flexible way for businesses to transition to electric vehicles without incurring high upfront costs. This is particularly beneficial for logistics and leasing providers, who can upgrade their fleets with EV technology and integrated smart controls, thus unlocking greater savings per mile.
Evolectric's business model is centered around its CircularEV™ Conversion Kits, which allow existing vehicles to be converted to electric. This not only puts cutting-edge EVs on the road but also ensures a comprehensive ecosystem designed to make electric mobility accessible, convenient, and worry-free.
The company also offers installation and maintenance services, with in-house technicians working directly with clients' existing partners to onboard them into Evolectric's certified installation and service network. This includes training on electric vehicle conversion and maintenance.
In addition, Evolectric integrates smart technology into every vehicle it converts, including advanced telematic software and real-time diagnostics that alert clients to potential issues before they impact operations.
Evolectric also assists clients in identifying a well-planned charging strategy, which includes taking advantage of overnight charging at depots and access to fast chargers that can power up a fleet in less than an hour.
Finally, through its partners, Evolectric identifies tailored financing solutions that fit clients' budgets and offers comprehensive EV insurance packages for peace of mind on the road.
In summary, Evolectric is a one-stop-shop for businesses looking to transition to electric vehicles, offering conversion kits, installation and maintenance services, smart technology integration, charging strategy planning, and financing and insurance solutions.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2019
- Headquarters
- Rancho Dominguez, United States
- Employees
- 22
- Open positions
- None listed
- Dealroom signal
- 66.2/100
- Sub-industry
- Clean Energy, Energy Storage, Vehicle Production
- Sector
- Transportation, Battery, Sustainable Development Goals, EV Battery Tech, EV Battery Production, EV Battery, Climate Tech, Electric Mobility
- Technology
- Hardware
- Business model
- Manufacturing, SaaS
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VC✓Equity / VC | Sep 2023 | $15M | $60M | Seismic Capital Company | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Evolectric is 1.8K monthly website visits, down 18.2% over the last three months. Evolectric's team declined 8.3% over the past year.
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A1 investor entered at this stage
Seismic Capital Company
Other known investors2 additional known investors
100+ Accelerator
Long Beach Accelerator
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Evolectric on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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