FundedIQ
Consumer Electronics

Evyon: Funding, Investors & Team (Sep 2026)

Our goal is to make it possible for second-life electric vehicle batteries to generate the most value possible by reusing them in an efficient, secure, and affordable manner. We use cutting-edge technology for operations, testing, and assembly to transform useable second-life electric vehicle batteries into plug-and-play battery storage systems. Our goal is to reduce the price of battery storage by 70%, making it truly affordable for a variety of uses, such as lowering energy costs for real estate properties (peak shaving), boosting solar panel energy self-consumption, giving grid operators essential services, and expanding access to power in underserved areas, whether urban or rural.

www.evyon.com LinkedIn Oslo, Norway 11-50 employees
Battery Electrical Distribution Electronics Energy Manufacturing B2B Grid solutions Energy storage
Total raised
$7.3M
Rounds
1
Latest
Seed
Nov 2022

Evyon has raised $7.3M across 1 funding round on record, the most recent a Seed of $7.3M announced in Nov 2022.

That round is in line with the $7.5M median round size for Consumer Electronics companies tracked on FundedIQ over the last two years.

Evyon Company Profile and Key Stats

Total funding raised
$7.3M
across 1 round on record
Funding rounds on record
1
Latest funding round
Seed
$7.3M in Nov 2022
Employees
11-50
reported band
Headquarters
Oslo, Norway

Latest funding round on record: Nov 2022.

Evyon Funding Rounds

Date
Round
Amount
Seed
$7.3M

Evyon Founders and Leadership Team

Name
Role
Contact
Jorgen Sorgard Erdal
CEO
Locked

Contact details for the Evyon team: 1 of 1 has an email address on file.

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Evyon Funding Compared to Other Consumer Electronics Startups

Segment
Companies
Median round
232
$8.7M
16,485
$3.1M

Evyon's latest round of $7.3M is in line with the median round in Consumer Electronics. Medians cover the last 24 months of disclosed rounds.

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Evyon Funding FAQs

What does Evyon do?

Our goal is to make it possible for second-life electric vehicle batteries to generate the most value possible by reusing them in an efficient, secure, and affordable manner. We use cutting-edge technology for operations, testing, and assembly to transform useable second-life electric vehicle batteries into plug-and-play battery storage systems. Our goal is to reduce the price of battery storage by 70%, making it truly affordable for a variety of uses, such as lowering energy costs for real estate properties (peak shaving), boosting solar panel energy self-consumption, giving grid operators essential services, and expanding access to power in underserved areas, whether urban or rural.

How much funding has Evyon raised?

Evyon has raised $7.3M across 1 round on record. The most recent is a Seed of $7.3M announced in Nov 2022.

When did Evyon last raise funding?

Evyon's most recent funding round on record is a Seed of $7.3M, announced in Nov 2022.

Who is the CEO of Evyon?

Jorgen Sorgard Erdal is listed as CEO at Evyon.

Where is Evyon headquartered?

Evyon is based in Oslo, Norway.

How many employees does Evyon have?

Evyon is in the 11-50 employee band.

How does Evyon's funding compare to other Consumer Electronics startups?

Evyon's latest round of $7.3M is in line with the $7.5M median round size for Consumer Electronics companies on FundedIQ across 1,547 tracked companies over the last two years.

About FundedIQ's Evyon Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Evyon is left off this page rather than filled in.

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