What is Evergen?
Evergen is an Australian company dedicated to empowering homeowners and businesses with control over their energy consumption through intelligent technology and renewable power. Founded as a collaboration between CSIRO and AMP Capital, Evergen's core vision is to reduce energy costs for Australians by offering a simple, trustworthy, and sustainable energy management system. The company's intelligent platform aims to optimize energy usage, providing a sense of security and contributing to a cleaner energy future.
How much funding has Evergen raised?
Evergen has raised a total of $20.1M across 3 funding rounds:
Unspecified
$3.7M
Series A
$6M
Series A
$10.4M
Unspecified (2016): $3.7M, investors not publicly disclosed
Series A (2020): $6M, investors not publicly disclosed
Series A (2022): $10.4M supported by FRV-X
What's next for Evergen?
The recent major strategic investment positions Evergen for accelerated growth and market expansion. This capital infusion is expected to fuel advancements in its intelligent energy technology and broaden its service offerings to a wider customer base. As the company continues to navigate the evolving energy landscape, its focus will likely remain on enhancing its platform's capabilities, forging new partnerships, and solidifying its position as a leader in the transition to renewable energy. The enterprise-level backing suggests a strategic focus on scaling operations and potentially exploring new market opportunities.
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