Led · Equity · Sep 2021

Evolve Additive Solutions develops and sells high-throughput 3D printing equipment built on its patented STEP (selective thermoplastic electrophotographic process) technology and SVP (scaled volume production) platform. The company offers production equipment plus materials, software, service, consulting and application services to enable toolless production and manufacturing flexibility. Evolve positions its systems alongside traditional processes such as injection molding to produce commercial-grade production parts with faster time to market. Management says the company has meaningfully expanded its product portfolio over the past six months and will use new funding to accelerate commercial deployments. Evolve plans to expand commercial sales of its SVP platform in the U.S., Europe and Canada. The company was founded in 2017 and is headquartered in Minnetonka, MN, with a materials technology center in Rochester, NY. Evolve Additive Solutions pioneers STEP (Selective Thermoplastic Electrophotographic Process) technology and an SVP platform focused on production applications with real-world thermoplastics. Its STEP systems sit alongside traditional manufacturing processes such as injection molding to provide freedom of design and faster time to market through toolless production. The company says the technology will allow high-quality production parts and enable new business models for manufacturers. Evolve expects STEP commercial sales to begin in late 2020. The company has emphasized expansion into new markets and applications and intends to capitalize on growing brand momentum. Evolve is headquartered in Minnetonka, MN, with a materials technology center in Rochester, NY.