# EVAR

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/evar

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Seongnam, South Korea
- Website: www.evar.co.kr
- Total disclosed funding: $22M
- Latest round: Series B (Jul 5, 2023)
- Investors on record: 14

## About

Based in Seongnam-si, Gyeonggi-do, South Korea, and founded in 2018, EVAR Corp. manufactures and develops electric vehicle chargers, mobile automatic charging solutions, and autonomous driving robots. EVAR Corp. made a test launch of Mobile EV Charger in Jeju Island and launched the interim business of an On-Demand Charging Service. In July 2023, EVAR Corp. raised KRW 22 billion in series B funding from Envisioning Partners, Hanwha Investment & Securities, Korea Development Bank, ORIX Corporation, Samsung Securities, and SBI Investment Korea.

The company develops and produces electric vehicles and autonomous driving robots.

The company plans to use the July 2023 funding to recruit technical talent, provide users of electric vehicles with high-quality rapid charging infrastructure within the year, and promote business in international markets including the US and Japan.

## Funding rounds

- Series B, Jul 5, 2023, $17M — SBI Investment Korea, Korea Development Bank, ORIX, DSC Investment, Samsung Securities, Schmidt, Hanwha Investment & Securities, Envisioning Partners
- Series A, Sep 1, 2021, $4.7M — Samsung Venture Investment, Shinhan Capital, DSC Investment, Hyundai Motor Company, Schmidt, GS GLOBAL CORP., Taurus Partners, SK Rent-a-Car

## Investors

- Samsung Venture Investment (https://capitalatlas.ai/funds/samsung-venture-investment) — Series A
- Shinhan Capital (https://capitalatlas.ai/funds/shinhan-capital) — Series A
- DSC Investment (https://capitalatlas.ai/funds/dsc-investment) — Series A, Series B
- Hyundai Motor Company — Series A
- Schmidt (https://capitalatlas.ai/funds/schmidt) — Series A, Series B
- GS GLOBAL CORP. — Series A
- Taurus Partners (https://capitalatlas.ai/funds/taurus-partners) — Series A
- SK Rent-a-Car — Series A
- SBI Investment Korea (https://capitalatlas.ai/funds/sbi-investment-korea) — Series B
- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series B
- ORIX (https://capitalatlas.ai/funds/orix) — Series B
- Samsung Securities — Series B
- Hanwha Investment & Securities (https://capitalatlas.ai/funds/hanwha-investment-securities) — Series B
- Envisioning Partners (https://capitalatlas.ai/funds/envisioning-partners) — Series B