EVelution Energy has filed a notice of an exempt offering of securities to raise $175,000,000.00 in New Equity Investment.
According to filings with the U.S. Securities and Exchange Commission, EVelution Energy is raising $175,000,000.00 in new funding. Sources indicate that as part of senior management President and Chief Executive Officer, Navaid Alam played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About EVelution Energy
EVelution Energy is building the first solar-powered, carbon-neutral, EV battery-grade cobalt processing facility in the United States. Our mission is to contribute to the transition to a net zero carbon future by providing carbon-neutral battery-grade materials to the new and burgeoning EV battery market in North America. Our solar powered cobalt processing facility is to be built on a strategically located property in Yuma County, Arizona, USA, which is located within a Qualified Opportunity Zone. This area is near the border with California, the most populous U.S. State with the most EVs. Solar power in this area is very abundant, as Yuma is the sunniest city in the United States, and a mega solar power array is planned to supply power to our carbon neutral facility, as well as to the surrounding community. The Facility will service the fast-growing EV Battery market in North America. This sector is undergoing a major transformation led by the U.S. car manufacturers, global industrial conglomerates, and the U.S. Federal Government, with billions of U.S. Dollars in investment. There is currently no battery-grade cobalt processing facility in the United States, as most of that capacity is presently located in China. EVelution Energys management team comprises C-suite level professionals who bring extensive experience in developing, operating, and financing non-ferrous metal processing facilities, as well as oil and grain terminals and other core infrastructure.
To learn more about EVelution Energy, visit http://evelutionenergy.com/
Contact:
Navaid Alam, President and Chief Executive Officer
917-251-1126
https://www.linkedin.com/in/navaid-alam-7001b010/
SOURCE: http://www.intelligence360.io
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