E
Evolectric
Transportation · Long Beach, United States · Founded 2019
Advance global electrification by enabling and providing products and services that unlock current and new electrification technologies to emerging markets and underserved segments MoreLess
Evolectric is a startup that provides electrification solutions for businesses of all sizes, with a particular focus on fleet vehicles. The company operates in the electric vehicle (EV) market, offering a cost-effective and flexible way for businesses to transition to electric vehicles without incurring high upfront costs. This is particularly beneficial for logistics and leasing providers, who can upgrade their fleets with EV technology and integrated smart controls, thus unlocking greater savings per mile.
Evolectric's business model is centered around its CircularEV™ Conversion Kits, which allow existing vehicles to be converted to electric. This not only puts cutting-edge EVs on the road but also ensures a comprehensive ecosystem designed to make electric mobility accessible, convenient, and worry-free.
The company also offers installation and maintenance services, with in-house technicians working directly with clients' existing partners to onboard them into Evolectric's certified installation and service network. This includes training on electric vehicle conversion and maintenance.
In addition, Evolectric integrates smart technology into every vehicle it converts, including advanced telematic software and real-time diagnostics that alert clients to potential issues before they impact operations.
Evolectric also assists clients in identifying a well-planned charging strategy, which includes taking advantage of overnight charging at depots and access to fast chargers that can power up a fleet in less than an hour.
Finally, through its partners, Evolectric identifies tailored financing solutions that fit clients' budgets and offers comprehensive EV insurance packages for peace of mind on the road.
In summary, Evolectric is a one-stop-shop for businesses looking to transition to electric vehicles, offering conversion kits, installation and maintenance services, smart technology integration, charging strategy planning, and financing and insurance solutions.
Keywords: Electric Vehicles, Fleet Conversion, EV Technology, Smart Controls, Installation and Maintenance, Telematic Software, Real-Time Diagnostics, Charging Strategy, Financing Solutions, EV Insurance.
Company overview
Evolectric company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2019
- Headquarters
- Long Beach, United States
- Employees
- 22
- Open positions
- None listed
- Dealroom signal
- 66.2
Valuation & funding
Evolectric funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VC✓Equity / VC | Sep 2023 | $15M | $60M | Seismic Capital Company | ↗ |
Financials
Revenue and workforce over time
Available revenue and workforce history. Fields without reported data are omitted.
| Year | Revenue | Growth | Employees |
|---|---|---|---|
| 2026 | $1.4M | 0% | 22 |
| 2025 | $1.4M | 0% | 24 |
| 2024 | $1.4M | 0% | 22 |
| 2023 | $1.4M | +5.5% | 16 |
| 2022 | $1.3M | +31.3% | 17 |
| 2021 | $975K | — | 14 |
Growth signals
Evolectric website traffic
Latest recorded traffic for Evolectric is 1.8K monthly website visits, down 18.2% over the last three months. Evolectric's team declined 8.3% over the past year.
Comparisons
Evolectric compared with similar companies
Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.
Talent graph
Evolectric's talent
Source: Dealroom Talent Intelligence.
Investors
3 investors on Evolectric's cap table
Sourced from Dealroom's funding and investor records.
Global footprint
Where Evolectric has talent and traffic
team presence
In the news
Latest news about Evolectric
Recent press, funding announcements, and product moves mentioning Evolectric — open to read from the original sources.
Market sentiment
What the market is saying about Evolectric
An AI-synthesized read of the highest-engagement posts about Evolectric on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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