How Much Did Evola Service Raise?
Funding & Key Investors

Evola Service has secured $292K in total funding, with its most recent capital infusion amounting to $142K from a major strategic investment. This significant backing underscores the company's established presence and growth trajectory in the automotive service sector, particularly within the burgeoning electric vehicle market.

The company's financial history, marked by a series of debt financings, indicates a strategic approach to capital management as it scales its operations and expands its service offerings.

What is Evola Service?

Evola Service
Consumer ServicesAutomotive Service & Collision Repair

Evola Service is a dedicated provider of comprehensive vehicle repair and maintenance, with a specialized focus on Tesla models, electric vehicles (EVs), and hybrids in the Mount Clemens area. The company prides itself on delivering worry-free driving experiences through meticulous inspections and services performed by ASE certified technicians. Their expertise spans critical vehicle systems, including suspension, brakes, and electrical repairs, for both foreign and domestic makes. Evola Service is committed to upholding legendary service standards, complemented by transparent invoicing and flexible payment solutions to ensure utmost customer satisfaction.

How much funding has Evola Service raised?

Evola Service has raised a total of $292K across 2 funding rounds:

2020

Debt

$150K

2021

Debt

$142K

Debt (2020): $150K with participation from PPP

Debt (2021): $142K led by PPP

Key Investors in Evola Service

PPP

Public-Private Partnership

PPP

Public-Private Partnership

Undisclosed investor

Undisclosed investor participating in the funding round, likely contributing strategic capital to fuel Evola Service's expansion and technological advancements in EV maintenance.

What's next for Evola Service?

With substantial capital secured, Evola Service is strategically positioned to enhance its service capabilities and potentially expand its geographic reach. The recent major strategic investment suggests a focus on scaling operations, investing in advanced diagnostic equipment for EVs and hybrids, and potentially broadening its technician training programs. This infusion of capital will likely enable Evola Service to solidify its reputation as a leading independent repair shop for electric and hybrid vehicles, capitalizing on the growing demand for specialized automotive maintenance in this rapidly evolving market.

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Frequently Asked Questions Regarding Evola Service Financial Insights

What are the most recent funding rounds that Evola Service has completed, and what were the funding rounds?
Evola Service has recently completed 2 funding rounds: Debt on Feb 18, 2021, Debt on Apr 28, 2020.
What is the total amount of funding Evola Service has raised to date?
Evola Service has raised a total of $292K in funding to date.
How many funding rounds has Evola Service completed?
Evola Service has completed 2 funding rounds.
How much funding did Evola Service raise in its most recent funding round?
Evola Service raised $142K in its most recent funding round.
Who are the lead investors in Evola Service's latest funding round?
The lead investor in Evola Service's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Evola Service's history?
The largest funding round in Evola Service's history was $150K.
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