# Evari

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

- Industry: Industrial Machinery
- Headquarters: US
- Website: www.evarithermal.com
- Total disclosed funding: $2.5M
- Latest round: Seed (Feb 16, 2024)
- Investors on record: 2

## About

Based in New Hampshire, US, and founded in 2021 by Chief Executive Officer Steve Walke, Evari, Inc. operates as a manufacturing-based company providing heat pump turbocompressors the electrification of consumer and industrial heating and cooling systems. In March 2024, Evari, Inc. raised USD 7.5 million in seed funding led by Clean Energy Ventures, with participation from Farvatn Venture.

Evari, Inc. provides sustainable energy solutions through heat pump compressor technology for various sectors such as heating, cooling, refrigeration, and industrial processes. The company’s compressors boast superior performance, including temperature-independent operation, vibration-free functionality, and oil-free design to reduce environmental impact. It’s compressors offer substantial cost savings and maintenance-free operation, making them useful for industries seeking sustainable and cost-effective solutions. In addition, the firm focuses on mitigating 2.5 gigatons of CO2e by 2050.

## Funding rounds

- Seed, Feb 16, 2024, $2.5M — Clean Energy Ventures, Farvatn Venture

## Investors

- Clean Energy Ventures (https://capitalatlas.ai/funds/clean-energy-ventures) — Seed
- Farvatn Venture (https://capitalatlas.ai/funds/farvatn-venture) — Seed