diff --git a/esphome/components/waveshare_epaper/display.py b/esphome/components/waveshare_epaper/display.py
index 6113fe943c..eb0faadc02 100644
--- a/esphome/components/waveshare_epaper/display.py
+++ b/esphome/components/waveshare_epaper/display.py
@@ -51,6 +51,9 @@ WaveshareEPaper7P5InBC = waveshare_epaper_ns.class_(
 WaveshareEPaper7P5InBV2 = waveshare_epaper_ns.class_(
     "WaveshareEPaper7P5InBV2", WaveshareEPaper
 )
+WaveshareEPaper7P5InBV3 = waveshare_epaper_ns.class_(
+    "WaveshareEPaper7P5InBV3", WaveshareEPaper
+)
 WaveshareEPaper7P5InV2 = waveshare_epaper_ns.class_(
     "WaveshareEPaper7P5InV2", WaveshareEPaper
 )
@@ -87,6 +90,7 @@ MODELS = {
     "5.83inv2": ("b", WaveshareEPaper5P8InV2),
     "7.50in": ("b", WaveshareEPaper7P5In),
     "7.50in-bv2": ("b", WaveshareEPaper7P5InBV2),
+    "7.50in-bv3": ("b", WaveshareEPaper7P5InBV3),
     "7.50in-bc": ("b", WaveshareEPaper7P5InBC),
     "7.50inv2": ("b", WaveshareEPaper7P5InV2),
     "7.50inv2alt": ("b", WaveshareEPaper7P5InV2alt),
diff --git a/esphome/components/waveshare_epaper/waveshare_epaper.cpp b/esphome/components/waveshare_epaper/waveshare_epaper.cpp
index 5dd573f1b8..73c2680add 100644
--- a/esphome/components/waveshare_epaper/waveshare_epaper.cpp
+++ b/esphome/components/waveshare_epaper/waveshare_epaper.cpp
@@ -1328,6 +1328,157 @@ void WaveshareEPaper7P5InBV2::dump_config() {
   LOG_PIN("  Busy Pin: ", this->busy_pin_);
   LOG_UPDATE_INTERVAL(this);
 }
+
+bool WaveshareEPaper7P5InBV3::wait_until_idle_() {
+  if (this->busy_pin_ == nullptr) {
+    return true;
+  }
+
+  const uint32_t start = millis();
+  while (this->busy_pin_->digital_read()) {
+    this->command(0x71);
+    if (millis() - start > this->idle_timeout_()) {
+      ESP_LOGI(TAG, "Timeout while displaying image!");
+      return false;
+    }
+    delay(10);
+  }
+  delay(200);  // NOLINT
+  return true;
+};
+void WaveshareEPaper7P5InBV3::initialize() {
+  this->reset_();
+
+  // COMMAND POWER SETTING
+  this->command(0x01);
+
+  // 1-0=11: internal power
+  this->data(0x07);
+  this->data(0x17);  // VGH&VGL
+  this->data(0x3F);  // VSH
+  this->data(0x26);  // VSL
+  this->data(0x11);  // VSHR
+
+  // VCOM DC Setting
+  this->command(0x82);
+  this->data(0x24);  // VCOM
+
+  // Booster Setting
+  this->command(0x06);
+  this->data(0x27);
+  this->data(0x27);
+  this->data(0x2F);
+  this->data(0x17);
+
+  // POWER ON
+  this->command(0x04);
+
+  delay(100);  // NOLINT
+  this->wait_until_idle_();
+  // COMMAND PANEL SETTING
+  this->command(0x00);
+  this->data(0x3F);  // KW-3f   KWR-2F BWROTP 0f BWOTP 1f
+
+  // COMMAND RESOLUTION SETTING
+  this->command(0x61);
+  this->data(0x03);  // source 800
+  this->data(0x20);
+  this->data(0x01);  // gate 480
+  this->data(0xE0);
+  // COMMAND ...?
+  this->command(0x15);
+  this->data(0x00);
+  // COMMAND VCOM AND DATA INTERVAL SETTING
+  this->command(0x50);
+  this->data(0x10);
+  this->data(0x00);
+  // COMMAND TCON SETTING
+  this->command(0x60);
+  this->data(0x22);
+  // Resolution setting
+  this->command(0x65);
+  this->data(0x00);
+  this->data(0x00);  // 800*480
+  this->data(0x00);
+  this->data(0x00);
+
+  this->wait_until_idle_();
+
+  uint8_t lut_vcom_7_i_n5_v2[] = {
+      0x0, 0xF, 0xF, 0x0, 0x0, 0x1, 0x0, 0xF, 0x1, 0xF, 0x1, 0x2, 0x0, 0xF, 0xF, 0x0, 0x0, 0x1, 0x0, 0x0, 0x0,
+      0x0, 0x0, 0x0, 0x0, 0x0, 0x0, 0x0, 0x0, 0x0, 0x0, 0x0, 0x0, 0x0, 0x0, 0x0, 0x0, 0x0, 0x0, 0x0, 0x0, 0x0,
+  };
+
+  uint8_t lut_ww_7_i_n5_v2[] = {
+      0x10, 0xF, 0xF, 0x0, 0x0, 0x1, 0x84, 0xF, 0x1, 0xF, 0x1, 0x2, 0x20, 0xF, 0xF, 0x0, 0x0, 0x1, 0x0, 0x0, 0x0,
+      0x0,  0x0, 0x0, 0x0, 0x0, 0x0, 0x0,  0x0, 0x0, 0x0, 0x0, 0x0, 0x0,  0x0, 0x0, 0x0, 0x0, 0x0, 0x0, 0x0, 0x0,
+  };
+
+  uint8_t lut_bw_7_i_n5_v2[] = {
+      0x10, 0xF, 0xF, 0x0, 0x0, 0x1, 0x84, 0xF, 0x1, 0xF, 0x1, 0x2, 0x20, 0xF, 0xF, 0x0, 0x0, 0x1, 0x0, 0x0, 0x0,
+      0x0,  0x0, 0x0, 0x0, 0x0, 0x0, 0x0,  0x0, 0x0, 0x0, 0x0, 0x0, 0x0,  0x0, 0x0, 0x0, 0x0, 0x0, 0x0, 0x0, 0x0,
+  };
+
+  uint8_t lut_wb_7_i_n5_v2[] = {
+      0x80, 0xF, 0xF, 0x0, 0x0, 0x3, 0x84, 0xF, 0x1, 0xF, 0x1, 0x4, 0x40, 0xF, 0xF, 0x0, 0x0, 0x3, 0x0, 0x0, 0x0,
+      0x0,  0x0, 0x0, 0x0, 0x0, 0x0, 0x0,  0x0, 0x0, 0x0, 0x0, 0x0, 0x0,  0x0, 0x0, 0x0, 0x0, 0x0, 0x0, 0x0, 0x0,
+  };
+
+  uint8_t lut_bb_7_i_n5_v2[] = {
+      0x80, 0xF, 0xF, 0x0, 0x0, 0x1, 0x84, 0xF, 0x1, 0xF, 0x1, 0x2, 0x40, 0xF, 0xF, 0x0, 0x0, 0x1, 0x0, 0x0, 0x0,
+      0x0,  0x0, 0x0, 0x0, 0x0, 0x0, 0x0,  0x0, 0x0, 0x0, 0x0, 0x0, 0x0,  0x0, 0x0, 0x0, 0x0, 0x0, 0x0, 0x0, 0x0,
+  };
+
+  uint8_t count;
+  this->command(0x20);  // VCOM
+  for (count = 0; count < 42; count++)
+    this->data(lut_vcom_7_i_n5_v2[count]);
+
+  this->command(0x21);  // LUTBW
+  for (count = 0; count < 42; count++)
+    this->data(lut_ww_7_i_n5_v2[count]);
+
+  this->command(0x22);  // LUTBW
+  for (count = 0; count < 42; count++)
+    this->data(lut_bw_7_i_n5_v2[count]);
+
+  this->command(0x23);  // LUTWB
+  for (count = 0; count < 42; count++)
+    this->data(lut_wb_7_i_n5_v2[count]);
+
+  this->command(0x24);  // LUTBB
+  for (count = 0; count < 42; count++)
+    this->data(lut_bb_7_i_n5_v2[count]);
+
+  this->command(0x10);
+  for (uint32_t i = 0; i < 800 * 480 / 8; i++) {
+    this->data(0xFF);
+  }
+};
+void HOT WaveshareEPaper7P5InBV3::display() {
+  uint32_t buf_len = this->get_buffer_length_();
+
+  this->command(0x13);  // Start Transmission
+  delay(2);
+  for (uint32_t i = 0; i < buf_len; i++) {
+    this->data(~(this->buffer_[i]));
+  }
+
+  this->command(0x12);  // Display Refresh
+  delay(100);           // NOLINT
+  this->wait_until_idle_();
+}
+int WaveshareEPaper7P5InBV3::get_width_internal() { return 800; }
+int WaveshareEPaper7P5InBV3::get_height_internal() { return 480; }
+void WaveshareEPaper7P5InBV3::dump_config() {
+  LOG_DISPLAY("", "Waveshare E-Paper", this);
+  ESP_LOGCONFIG(TAG, "  Model: 7.5in-bv3");
+  LOG_PIN("  Reset Pin: ", this->reset_pin_);
+  LOG_PIN("  DC Pin: ", this->dc_pin_);
+  LOG_PIN("  Busy Pin: ", this->busy_pin_);
+  LOG_UPDATE_INTERVAL(this);
+}
+
 void WaveshareEPaper7P5In::initialize() {
   // COMMAND POWER SETTING
   this->command(0x01);
diff --git a/esphome/components/waveshare_epaper/waveshare_epaper.h b/esphome/components/waveshare_epaper/waveshare_epaper.h
index a84a1d4541..315af9ea82 100644
--- a/esphome/components/waveshare_epaper/waveshare_epaper.h
+++ b/esphome/components/waveshare_epaper/waveshare_epaper.h
@@ -413,6 +413,40 @@ class WaveshareEPaper7P5InBV2 : public WaveshareEPaper {
   int get_height_internal() override;
 };
 
+class WaveshareEPaper7P5InBV3 : public WaveshareEPaper {
+ public:
+  bool wait_until_idle_();
+
+  void initialize() override;
+
+  void display() override;
+
+  void dump_config() override;
+
+  void deep_sleep() override {
+    this->command(0x02);  // Power off
+    this->wait_until_idle_();
+    this->command(0x07);  // Deep sleep
+    this->data(0xA5);
+  }
+
+ protected:
+  int get_width_internal() override;
+
+  int get_height_internal() override;
+
+  void reset_() {
+    if (this->reset_pin_ != nullptr) {
+      this->reset_pin_->digital_write(true);
+      delay(200);  // NOLINT
+      this->reset_pin_->digital_write(false);
+      delay(5);
+      this->reset_pin_->digital_write(true);
+      delay(200);  // NOLINT
+    }
+  };
+};
+
 class WaveshareEPaper7P5InBC : public WaveshareEPaper {
  public:
   void initialize() override;