EVO Avatar

EVO Avatar is a Russian developer of service robots designed to automate the work of small and medium-sized businesses, founded in 2021. The company's products are focused on use in hotels, institutions of science and education, in medicine and pharmaceuticals. According to the developers, their robots help the business reduce operating costs by 5-20%.

History

2021: Raising $700,000, including from Impact Capital

On July 14, 2021, EVO Avatar announced the attraction of investments in the amount of $700 thousand. A group of private investors invested in the Russian startup as part of the pre-seed round, including Maxim Telemtaev, Ivan Anosov and Ivan Samoshin. The main investor was the investment company Impact Capital, which received a 19.5 percent stake in EVO Avatar.

EVO Avatar intends to spend the funds received on creating new products and services, as well as scaling production and entering the CIS market. The team will spend 15% on the production of equipment, as well as on research and development, the same - on the development of the marketing direction and the involvement of specialists.

Russian developer of service robots EVO Avatar raised $700 thousand.

EVO Avatar plans to launch B2B sales and direction e-commerce in September 2021. The company's goal is to gain and retain a share of 60-70% in the fast-growing market and reach a profit of 90 million rubles by the end of the first year of operation, the report said. TAdviser

The founder and CEO of Impact Capital Valery Zolotukhin, commenting on investing in EVO Avatar, noted that in Russia there are not yet quite serious and stable players - "the project goes almost into the blue ocean." He also cited analyst data, according to which by 2024 the global market for service robotics will grow 13 times, exceeding $60 billion. In 2019, the figure was measured at $13.1 billion.