EVO Power raises over $20m USD to fund operational expansion across AU and US entities
EVO Power, a leading battery energy storage system (BESS) integrator and service provider based in Australia, has completed a $20 million USD capital raise through its parent company, LKA Pacific.
EVO Power
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Melbourne, Australia — EVO Power, a leading battery energy storage system (BESS) integrator and service provider based in Australia, has completed a $20 million USD capital raise through its parent company, LKA Pacific. This funding will support EVO Power’s operational expansion and growth in key markets, including Australia, the United States, and Korea, where the company has established operations.
The raise, supported by KPMG, involves private equity and venture capital investors led by Mirae Asset Venture Investment and new partners such as AJU IB Investment, DS Investment Partners, and Gravity Private Equity.
This investment aims to accelerate EVO Power’s growth strategy with a focus upon facility and capability development, increased service functionality, and the development of an expanded product solution portfolio.
Jamie Allen (CEO and Co-Founder of EVO Power).
“Securing this investment marks an exciting new chapter for EVO Power as we celebrate six years of growth and innovation. The support from our investors is a clear vote of confidence in our vision and capabilities. These funds will allow us to scale our development pipeline in Australia and the United States, while also advancing our proprietary distributed energy resources (DER) control software. By combining project delivery with cutting-edge technology, we’re strengthening our ability to accelerate the deployment of smarter, cleaner, and more resilient energy solutions.”
Allen Choi (CSO and Co-Founder of EVO Power).
“This investment is a recognition of EVO Power’s proven growth and competitiveness in the market. With this new capital, we will accelerate our global expansion and further strengthen our technological innovation.
Beyond BESS supply, we are committed to being a total solution provider, delivering turnkey systems that integrate project development, execution, and operation and maintenance (O&M) together with our trusted partners. With this vision, EVO Power is not only addressing today’s energy challenges but also shaping the foundation for a sustainable energy future.”
Kim, Kyungmo from a lead investor, Mirae Asset Venture Investment
“Mirae Capital values EVO Power’s vision and innovation. As the company evolves into a total energy solutions provider, this investment will accelerate its growth in Australia, the US, and beyond, driving the sustainable energy transition and long-term value creation.”
About EVO Power
Since 2019, EVO Power has been empowering our partners, not only with exceptional energy storage solutions, but through knowledge, service, and expertise, so they can take control of their energy needs and future.
We serve the Australian, United States, and Korean markets, focusing on understanding customer needs and designing innovative, scalable battery energy storage solutions (BESS) for commercial, industrial, and small utility segments.
Our solutions integrate the latest technology in both hardware and software, ensuring our systems operate effectively in real-world conditions.
In an industry chasing the next innovation, EVO Power brings back the human touch with local teams, local knowledge ready to get to work for you.
That’s power your way!
To learn more about EVO Power please go to evopower.com. For media enquiries please contact Michael Rutt on michael.rutt@evopower.com
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