diff --git a/esphome/components/waveshare_epaper/display.py b/esphome/components/waveshare_epaper/display.py
index 017f97c534..f2fdc785c8 100644
--- a/esphome/components/waveshare_epaper/display.py
+++ b/esphome/components/waveshare_epaper/display.py
@@ -74,7 +74,10 @@ WaveshareEPaper7P5InBV2 = waveshare_epaper_ns.class_(
     "WaveshareEPaper7P5InBV2", WaveshareEPaper
 )
 WaveshareEPaper7P5InBV3 = waveshare_epaper_ns.class_(
-    "WaveshareEPaper7P5InBV3", WaveshareEPaperBWR
+    "WaveshareEPaper7P5InBV3", WaveshareEPaper
+)
+WaveshareEPaper7P5InBV3BWR = waveshare_epaper_ns.class_(
+    "WaveshareEPaper7P5InBV3BWR", WaveshareEPaperBWR
 )
 WaveshareEPaper7P5InV2 = waveshare_epaper_ns.class_(
     "WaveshareEPaper7P5InV2", WaveshareEPaper
@@ -129,6 +132,7 @@ MODELS = {
     "7.50in": ("b", WaveshareEPaper7P5In),
     "7.50in-bv2": ("b", WaveshareEPaper7P5InBV2),
     "7.50in-bv3": ("b", WaveshareEPaper7P5InBV3),
+    "7.50in-bv3-bwr": ("b", WaveshareEPaper7P5InBV3BWR),
     "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 f1bc835d30..10ec544818 100644
--- a/esphome/components/waveshare_epaper/waveshare_epaper.cpp
+++ b/esphome/components/waveshare_epaper/waveshare_epaper.cpp
@@ -2213,7 +2213,7 @@ void WaveshareEPaper7P5InBV3::init_display_() {
   this->wait_until_idle_();
   // COMMAND PANEL SETTING
   this->command(0x00);
-  this->data(0x0F);  // KW-3f   KWR-2F BWROTP 0f BWOTP 1f
+  this->data(0x3F);  // KW-3f   KWR-2F BWROTP 0f BWOTP 1f
 
   // COMMAND RESOLUTION SETTING
   this->command(0x61);
@@ -2226,7 +2226,7 @@ void WaveshareEPaper7P5InBV3::init_display_() {
   this->data(0x00);
   // COMMAND VCOM AND DATA INTERVAL SETTING
   this->command(0x50);
-  this->data(0x20);
+  this->data(0x10);
   this->data(0x00);
   // COMMAND TCON SETTING
   this->command(0x60);
@@ -2286,23 +2286,17 @@ void WaveshareEPaper7P5InBV3::init_display_() {
 };
 void HOT WaveshareEPaper7P5InBV3::display() {
   this->init_display_();
-  const uint32_t buf_len = this->get_buffer_length_() / 2u;
+  uint32_t buf_len = this->get_buffer_length_();
 
-  /*this->command(0x10);
+  this->command(0x10);
   for (uint32_t i = 0; i < buf_len; i++) {
     this->data(0xFF);
-  }*/
-
-  this->command(0x10);  // Start Transmission
-  delay(2);
-  for (uint32_t i = 0; i < buf_len; i++) {
-    this->data(this->buffer_[i]);
   }
 
   this->command(0x13);  // Start Transmission
   delay(2);
   for (uint32_t i = 0; i < buf_len; i++) {
-    this->data(this->buffer_[i + buf_len]);
+    this->data(~this->buffer_[i]);
   }
 
   this->command(0x12);  // Display Refresh
@@ -2321,6 +2315,113 @@ void WaveshareEPaper7P5InBV3::dump_config() {
   LOG_UPDATE_INTERVAL(this);
 }
 
+void WaveshareEPaper7P5InBV3BWR::initialize() { this->init_display_(); }
+bool WaveshareEPaper7P5InBV3BWR::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;
+    }
+    App.feed_wdt();
+    delay(10);
+  }
+  delay(200);  // NOLINT
+  return true;
+};
+void WaveshareEPaper7P5InBV3BWR::init_display_() {
+  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(0x0F);  // 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(0x20);
+  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);
+};
+void HOT WaveshareEPaper7P5InBV3BWR::display() {
+  this->init_display_();
+  const uint32_t buf_len = this->get_buffer_length_() / 2u;
+
+  this->command(0x10);  // Send BW data Transmission
+  delay(2);
+  for (uint32_t i = 0; i < buf_len; i++) {
+    this->data(this->buffer_[i]);
+  }
+
+  this->command(0x13);  // Send red data Transmission
+  delay(2);
+  for (uint32_t i = 0; i < buf_len; i++) {
+    this->data(this->buffer_[i + buf_len]);
+  }
+
+  this->command(0x12);  // Display Refresh
+  delay(100);           // NOLINT
+  this->wait_until_idle_();
+  this->deep_sleep();
+}
+int WaveshareEPaper7P5InBV3BWR::get_width_internal() { return 800; }
+int WaveshareEPaper7P5InBV3BWR::get_height_internal() { return 480; }
+void WaveshareEPaper7P5InBV3BWR::dump_config() {
+  LOG_DISPLAY("", "Waveshare E-Paper", this);
+  ESP_LOGCONFIG(TAG, "  Model: 7.5in-bv3 BWR-Mode");
+  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 97715f6552..87ee020fd6 100644
--- a/esphome/components/waveshare_epaper/waveshare_epaper.h
+++ b/esphome/components/waveshare_epaper/waveshare_epaper.h
@@ -581,7 +581,45 @@ class WaveshareEPaper7P5InBV2 : public WaveshareEPaper {
   int get_height_internal() override;
 };
 
-class WaveshareEPaper7P5InBV3 : public WaveshareEPaperBWR {
+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);
+  }
+
+  void clear_screen();
+
+ 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
+    }
+  };
+
+  void init_display_();
+};
+
+class WaveshareEPaper7P5InBV3BWR : public WaveshareEPaperBWR {
  public:
   bool wait_until_idle_();