Tech Company Financing Transactions
EVelution Energy Funding Round
EVelution Energy, based in Yuma, secured $850 million in funding from Mitsui & Co..
Transaction Overview
Company Name
Announced On
4/28/2026
Transaction Type
Debt
Amount
$850,000,000
Round
Undisclosed
Investors
Proceeds Purpose
Mitsui's participation underscores the commercial and strategic relevance of EVelution Energy's platform and reflects strong demand from U.S. and allied industrial partners for secure and resilient cobalt supply chains.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
2454 West 5th Street
Yuma, AZ 85364
USA
Yuma, AZ 85364
USA
Phone
Undisclosed
Website
Email Address
Overview
EVelution Energy is developing the ?rst solar-powered grade cobalt processing facility in the United States. We're developing the first solar-powered cobalt processing facility in the United States, creating a sustainable domestic supply chain for battery grade cobalt sulfate and alloy grade cobalt metal. This groundbreaking project represents the future of responsible mineral processing and clean energy integration.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Navaid Alam
Chief Financial Officer
Nasir Hasan
Chief Technical Officer
Kyeong Choi
VP - General Counsel
Gil Michel-Garcia
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