Evolve Additive Solutions

Evolve offers 3D printers and related software and material for automotive, consumer goods, electronics, irrigation, and outdoor and recreation use cases. The company’s patented Selective Thermoplastic Electrophotographic Process (STEP) uses electrophotographic imaging and a deposition-based 2D printing process to create dense parts with isotropic properties—materials with properties that remain the same when tested in different directions. Evolve aims to make low-volume printing affordable for making new products as well as parts consolidation while catering to high-volume production needs. Evolve also uses proprietary materials by processing standard ABS (acrylonitrile, butadiene, and styrene) and nylon polymer. These materials are fully recyclable, which promotes sustainable operations. The company also offers post-sale support services like replaceable components, preventive care, and troubleshooting. In March 2023, Evolve introduced a production assessment programme which gives customers the opportunity to work with an engineering team to analyze and validate the business case on Evolve’s Scaled Volume Production (SVP) platform.

In November 2023, the company launched a parts production service named STEP Parts Now, which allows customers to quote and order parts directly via an online portal, marking its presence in the on-demand additive manufacturing space.

Key customers and partnerships

Evolve shipped its first production 3D printer system in September 2021 to a global client. In October 2021, it entered into a commercialization partnership with Fathom Digital Manufacturing, an on-demand digital manufacturing provider operating through the North American market, to sell its products in North America. In September 2023, Evolve partnered with additive manufacturing solutions provider alphacam to offer additive manufacturing parts as a service in Europe. The company also partnered with Siemens Digital Industries in 2020 to integrate Siemens’ Xcelerator software portfolio with Evolve’s STEP technology.

Funding and financials

In September 2021, Evolve received USD 30 million in equity financing from 3D Ventures, bringing its total funding to USD 56.4 million. The funds were expected to be used to accelerate the commercial deployments of its 3D printers in the US, Europe, and Canada.