This article was displayed on the ChosunBiz MoneyMove (MM) site at 9:19 a.m. on Aug. 4, 2026.
Electric vehicle charger manufacturer Eva is seeking to raise new investment based on a valuation of at least 40 billion won. Considering that Eva was valued at about 78 billion won in a past investment, this transaction is likely to be a down round with a lower valuation than before.
According to the investment banking (IB) industry on the 4th, Eva recently began seeking new investment from strategic investors (SI) and financial investors (FI). The specific size has not been finalized. Eva plans to negotiate the investment size and the ratio of new and existing shares with investors on the condition that the company is valued at 40 billion won or more. It was also understood that the company is reviewing terms that would allow some existing investors to recover their funds if the new investment is made.
Eva is an electric vehicle charging solution corporations that spun off in 2018 after starting in C-Lab, Samsung Electronics' in-house venture incubation program. In addition to slow and fast chargers, it is developing mobile chargers and Autonomous Driving charging robots. It supplies charger hardware, control and payment software, and installation and maintenance services together.
Eva's core competitiveness is its dynamic power allocation technology that distributes limited power to multiple chargers. It reduces expense by adjusting supply power to match charger usage. Eva has also developed early fire detection using artificial intelligence (AI) and technology to diagnose electric vehicle battery conditions.
Eva's revenue last year was 17.12 billion won, up 132.6% from 7.36 billion won the previous year. Over the same period, the operating loss narrowed to 4.28 billion won from 5.48 billion won. While scale grew as mobile charger sales were fully reflected, losses likely continued due to product cost burdens.
The company plans to use this investment to expand sales of slow and fast chargers and diversify its product lineup to include mobile chargers and charging robots. It is also expected to inject funds into its business-to-business (B2B) transaction supplying control and payment systems to charging operators and into overseas expansion.
However, contrary to high growth expectations, the electric vehicle charging industry has recently faced difficulties securing profitability. This is because operating charging stations requires large upfront investment, but it takes time for charger utilization rates to reach stable levels. Major charging companies such as SK E&Link and EVSIS are also continuing to post losses.
The share price of electric vehicle charging company Chaevi, which listed on the KOSDAQ in April, is also sluggish. On its first day of listing, Chaevi closed the transaction at 22,550 won, 83.3% above the offer price of 12,300 won, but the previous day's closing price fell to 4,145 won. Compared with the offer price, that is a drop of about 66%, and compared with the first day's closing price, about 82%.
Eva has raised a total of 30.3 billion won to date, including a 22 billion won series B investment in 2023. At the time, Korea Development Bank and Samsung Securities, SBI Investment KOREA, DSC Investment and Schmidt, Envisioning Partners, Hanwha Investment & Securities, and Japan's Orix participated as investors.