Evolar defines itself as an expert on evaporation of thin film materials with solid industry experience and world leading technology achievements. It plans to use its know-how to design reliable solar cells and to fast scale new manufacturing processes.
It has a high throughput R&D line running 24/7 with a large number of experiments under production like conditions. Using its unique method to mechanically stack perovskite and conventional solar cells, Evolar achieved high efficiency as well as ease of integration.
In November 2020, Evolar announced that it is partnering with Magnora ASA, a leading investment company in renewable energy. The raised capital will be spent to scale the processes in Evolar's high throughput R&D tools and prototype line in Uppsala, Sweden and thereby bringing its technology to the market in the near future.