What Evoltz does

Evoltz Participações S.A. is a Brazilian power transmission concession management holding company headquartered in Rio de Janeiro, founded in 2018 and controlled by Ontario Teachers' Pension Plan Board (OTPP) since 2021. The company operates seven ANEEL-regulated transmission concessions spanning more than 3,500 km of lines, 6,437+ towers, and 4,944 MVA of transformation capacity across 10 Brazilian states, including Norte Brasil Transmissora de Energia (NBTE) — the third largest transmission line in the world at 2,411 km of 600 kV DC — and Manaus Transmissora de Energia (MTE), which carries 558 km of 500 kV line through the Amazon Rainforest. Revenue is generated under the regulated RAP (Receita Anual Permitida) framework, a fixed, inflation-adjusted, ANEEL-determined annual revenue stream independent of throughput volume, with consolidated RAP exceeding R$710 million across the 2024-2025 cycle; services are provided into the National Interconnected System (SIN) for distribution utilities, generators, and the system operator (ONS).

The company is structured as a holding entity with wholly-owned operating subsidiaries and is supported by a 24/7 Operations and Supervision Center (COS) that remotely monitors all assets. Evoltz has invested in a proprietary technology stack including the Smart Transmission Tower IoT system (day/night vision, local processing, peer-to-peer networking, micrometeorological sensing), the SINAPE.Net Disturbance Analysis platform (correlating oscillographic, climatic, and georeferenced data), and the Operator Situational Awareness system (data mining, fuzzy logic, and visual computing integrated with ONS's SAGE real-time operations software). Beyond regulated transmission, the company runs an Inova Evoltz structured innovation program with academic partners (PUC-Rio, Instituto ECOA) and an ESG program covering 1,000+ hectares of forest restoration across four biomes (Amazon, Cerrado, Atlantic Forest, Pampa). It has held Great Place to Work certification for four consecutive years and operates with 120+ employees.

Name

Evoltz

Legal name

Evoltz Participações S.A.

Website

https://evoltz.com.br

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

51–100 employees

Short description

Evoltz Participações is a Brazilian power transmission holding company operating 7 ANEEL-regulated concessions with 3,500+ km of lines across 10 states, generating R$710M+ in annual allowed revenue. Owned by Ontario Teachers' Pension Plan Board since 2021.

Ownership category

akta.pro rank

Headquarters

HQ city

Rio De Janeiro

HQ country

Brazil

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Others

Revenue model

1. Transmission Concession Revenue: Evoltz operates as a power transmission concession holder under ANEEL regulation. Revenue is generated through the RAP (Receita Anual Permitida/Allowed Annual Revenue) mechanism, which provides fixed, inflation-adjusted returns on regulated transmission assets. Each subsidiary has its own RAP cycle (typically 2024-2025 cycle). Total RAP across concessions exceeds R$700 million annually.
2. NBTE - Norte Brasil Transmissora de Energia: Concession period 02/2009 - 02/2039. RAP: R$382 million (2024-2025 cycle). 2,411 km of 600 kV direct current transmission line connecting North and Southeast Brazil.
3. MTE - Manaus Transmissora de Energia: Concession period 10/2008 - 10/2038. AAR: R$226 million (2024-2025 cycle). 558 km of 500 kV lines crossing the Amazon Rainforest.
4. Evoltz IV - São Mateus: Concession period 06/2007 - 06/2037. AAR: R$30 million (2024-2025 cycle). 87 km operating in Paraná and Santa Catarina.
5. Evoltz V - Londrina: Concession period 11/2009 onwards. RAP: R$22 million (2024-2025 cycle). 147 km connecting Londrina to Maringá (PR) and Itararé (SP) to Jaguariaíva (PR).
6. Evoltz VI - Campos Novos: RAP: R$25 million (2024-2025 cycle). 134 km serving western Santa Catarina region.
7. Evoltz VII - Foz do Iguaçu: Concession period 10/2007 - 10/2037. RAP: R$14 million (2024-2025 cycle). 120 km connecting Cascavel do Oeste to Foz do Iguaçu Norte (PR).
8. Evoltz VIII - Itacaiunas/Carajás: Concession period 06/2011 - 06/2041. RAP: R$11 million (2024-2025 cycle). 108 km connecting Itacaiunas (PA) and Carajás (PA).

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Evoltz is a Brazilian power transmission holding company that owns and operates 7 ANEEL-regulated electricity transmission concessions across 10 states, totaling more than 3,500 km of high-voltage lines, 6,437 towers, 20 substations and 4,944 MVA of transformation capacity. Revenue is generated through the regulated RAP (Allowed Annual Revenue) mechanism, with the company also investing in proprietary IoT, AI and disturbance-analysis technologies to monitor and operate its grid through a 24/7 Operations and Supervision Center.

Product overview

Evoltz is a power transmission concession management holding company operating a portfolio of 7 subsidiaries across Brazil. The portfolio includes NBTE (the world's 3rd largest transmission line at 2,411 km), MTE (558 km through the Amazon), and five regional Evoltz-branded subsidiaries (Evoltz IV through VIII). Core operations are supported by the Centro de Operação e Supervisão (COS) providing 24/7 monitoring. The company also runs four R&D projects: Smart Transmission Tower (IoT-enabled towers), Operator Situational Awareness (AI-powered alarm management), Disturbance Analysis (event analysis platform), and Inova Evoltz (innovation program).

Differentiator

Problem solved

Functional benefit

Brands

• Inova Evoltz: Innovation program launched in 2024 that promotes innovation culture across all areas of the company, encouraging employees to participate in building a more dynamic and connected future in the energy transmission sector.

Products and services

• Norte Brasil Transmissora de Energia (NBTE) High-voltage HVDC transmission service operating 2,411 km of 600 kV DC line connecting North and Southeast Brazil under ANEEL concession (RAP R$382M, 2024-2025 cycle), for use by SIN participants including generators, distributors and the ONS system operator.
• Manaus Transmissora de Energia (MTE) High-voltage transmission service operating 558 km of 500 kV lines crossing the Amazon Rainforest, with 1,950 MVA capacity and R$226M RAP, connecting Amazonas to the SIN.
• Evoltz IV Transmissora de Energia (São Mateus) Transmission service operating 87 km of 230 kV and 500 kV lines in Paraná and Santa Catarina with 1,272 MVA capacity and R$30M RAP (2024-2025 cycle).
• Evoltz V Transmissora de Energia (Londrina) Transmission service operating 147 km of 230 kV lines connecting Londrina–Maringá (PR) and Itararé (SP)–Jaguariaíva (PR), with 972 MVA capacity and R$22M RAP.
• Evoltz VI Transmissora de Energia (Campos Novos) Transmission service operating 134 km of lines in Santa Catarina and Rio Grande do Sul (Campos Novos, Videira, Dona Francisca, Santa Maria) with 450 MVA capacity and R$25M RAP.
• Evoltz VII Foz do Iguaçu Transmissora de Energia Transmission service operating 120 km of lines connecting Cascavel do Oeste to Foz do Iguaçu Norte in Paraná, with 300 MVA capacity and R$14M RAP.
• Evoltz VIII Transmissora de Energia (Itacaiúnas/Carajás) Transmission service operating 108 km of lines connecting Itacaiúnas (PA) and Carajás (PA), with R$11M RAP (2024-2025 cycle).
• Centro de Operação e Supervisão (COS) 24/7 centralized operations and supervision service that remotely monitors 20 substations and 3,500+ km of transmission lines for Evoltz's 7 concessions.

Quantifiable outcome

• 3,500+ km of transmission lines ensuring reliable power delivery to millions of consumers
• +5 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature4 records

Scale indicators11 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• ISA Cteep: Brazil's largest private transmission utility (~14,000+ km of lines) and the most direct competitor to Evoltz, participating in the same ANEEL concession auctions and operating under the identical RAP framework.
• Alupar Investimento: Brazilian transmission and generation holding company operating concessions under the same ANEEL RAP regime. Operates significant long-distance lines including HVDC, overlapping with Evoltz's NBTE/MTE profile.
• State Grid Brazil Holding: Brazilian arm of China's State Grid, one of the world's largest transmission operators. Active participant in ANEEL concession auctions and operator of large HVDC and AC transmission assets comparable to Evoltz's NBTE and MTE.
• Transmissora Aliança de Energia (Taesa): Brazilian listed pure-play transmission company with a portfolio of 40+ concessions across multiple regions. Direct peer to Evoltz with similar concession structure and exposure to ANEEL regulation.

Broad incumbents

• Eletrobras: Brazilian state-owned electric utility with a large integrated generation and transmission portfolio. Competes with Evoltz in ANEEL concession auctions and operates a comparable regulated asset base, though with much broader scope.
• Enel Brasil: Brazilian subsidiary of Enel, with transmission assets operated under ANEEL concession regime. Competes in auctions and operates comparable regulated T&D infrastructure.
• Engie Brasil: Brazilian subsidiary of global energy group Engie, operating transmission concessions alongside large-scale generation. Operates under the same ANEEL framework as Evoltz and is a frequent auction competitor.
• Equatorial Energia: Brazilian multi-utility holding company with growing transmission exposure alongside distribution. Competes in ANEEL concession auctions and shares the same regulatory architecture for transmission revenue.
• Neoenergia: Iberdrola-controlled Brazilian utility with a meaningful transmission portfolio. Competes in ANEEL concession auctions and operates regulated transmission assets under the same RAP regime.
• CPFL Transmissão (CPFL Energia): Transmission subsidiary of CPFL Energia (controlled by State Grid China), operating regulated transmission assets under ANEEL. Competes in auctions and shares the same operational and regulatory framework as Evoltz.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/evoltz-participa%C3%A7%C3%B5es-s-a.

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Evoltz