About Microvast
Microvast is a publicly listed company based in Stafford (United States) founded in 2006 by Yang Wu. Lithium-ion batteries for multi-category electric vehicles are developed. It operates in the Transportation, Automotive & Logistics and Energy & Utilities sectors. Microvast has raised $430 million across 3 funding rounds from investors including International Finance Corporation, Ashmore and DOE. The company has 171 employees. Microvast was last valued at $3 billion in July 2021. Its chief executive, as recorded, is Yang Wu. Its website microvast.com draws about 23 thousand monthly visits. Microvast offers products and services including MV-B Gen 4 Battery Pack, MV-C Gen 4 Battery Pack, ME6 Energy Storage System, HpCO-53.5Ah Battery Cell, and HnCO-52Ah Battery Cell. Its focus areas include Energy Tech, Energy Storage Tech, Energy Storage System and Lithium Ion. Its legal entity is Microvast Holdings, Inc.
Company details
Microvast was founded in 2006 in Stafford, United States, within the energy storage sector. Lithium-ion batteries are developed for applications including public transit buses, passenger vehicles, and commercial equipment such as forklifts. Battery systems and cell modules are produced, with attributes like reduced charging times and lightweight construction incorporated. Operations focus on multi-category electric vehicle needs across various geographies.
- Headquarters Stafford, United States
- Employees 171
- Founders Yang Wu
- Stage Public
- SectorsTransportation, Automotive & LogisticsEnergy & Utilities
- Email••••••••
- Website microvast.com
- Social LinkedIn X Facebook YouTube
- Legal Name Microvast Holdings, Inc.
- Annual Revenue$427.52 M (USD)12.56as on Dec 31, 2025
- Net Profit-$29.22 M (USD)85.05as on Dec 31, 2025
- EBITDA$73.62 M (USD)1300.44as on Dec 31, 2025
- Total Equity Funding$430M (USD)
in 3 rounds
- Latest Funding Round$200M (USD), Grant
Oct 2022
- InvestorsInternational Finance Corporation
& 7 more
- Employee Count171
Products & Services of Microvast
Microvast offers a comprehensive portfolio of products and services, including MV-B Gen 4 Battery Pack, MV-C Gen 4 Battery Pack, ME6 Energy Storage System, HpCO-53.5Ah Battery Cell, and HnCO-52Ah Battery Cell.
Game-changing technology for transportation applications
Advanced solutions for transportation needs
Designed for utility-scale energy storage systems
High-energy cell for commercial and specialty vehicles
Offers market-leading energy density for various uses
Apps and channels of Microvast
its YouTube channel Microvast, Inc has 365 subscribers and 12 videos.
Videos from Microvast
The most watched videos on Microvast's YouTube channel, Microvast, Inc (365 subscribers). Click a video to play it here.
More on Microvast, Inc.
Funding Insights of Microvast
Microvast has successfully raised a total of $430M across 3 strategic funding rounds. The most recent funding activity was a Grant round of $200 million completed in October 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $430M
- Total Rounds 3
- Last Round Grant — $200M
- First Round $30M
(Jul 2011)
- Investors Count 8
All 3 funding rounds of Microvast with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2022 | $200M | Grant | – | – | |
| Apr 2017 | $400M | Series D | $2B | CITIC Securities | |
| Jul 2011 | $30M | Series C | – | IFC, Ashmore | – |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2017 | $2B | •••••••• |
Last known valuation $3B (Jul 2021). 8 investors in total: 8 institutional.
Investors in Microvast
Microvast has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include International Finance Corporation, Ashmore and DOE.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity and private debt firm focused on multiple sectors | cdhfund.com | Kowloon, China | ||
Venture capital investments are managed for innovative company growth. | sdicvc.com | Beijing, China | ||
IFC is focused on private sector development in emerging markets. | 1956 | ifc.org | ||
Multi-stage investments in technology companies are made by 345 Partners. | 345partners.com | Campbell, United States | ||
Energy sources and policies are managed by the DOE. | 1977 | energy.gov | ||
Wealth management and securities services are provided in Hong Kong. | 1998 | citics.com.hk | Hong Kong, China | |
Venture capital association providing policy support and resources for the U.S. ecosystem. | nvca.org | |||
Investment management services are provided by Ashmore globally. | 1992 | ashmoregroup.com | London, United Kingdom |
Investor details for Microvast
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People of Microvast
28 people are tracked at Microvast (8 in leadership, 6 in board & advisors, 14 in team); the tracked headcount is 171.
| Name | Role | Group |
|---|---|---|
Yang Wu | Founder & CEO | Leadership |
Wu Yang | CEO, President & Chairman | Leadership |
Wenjuan Mattis | CTO | Leadership |
Craig Webster | Chief Financial Officer | Leadership |
Rui Xiao | Vice President Of Engineering | Leadership |
Michelle Yi | Director Of Technology Center | Leadership |
Ned Milana | Vice President Sales & Program Management | Leadership |
Aleksandra Bukleska | Vice President Of Engineering And Development | Leadership |
Yeelong Tan Balladon | Director | Board & advisors |
Leon Zheng | Director | Board & advisors |
Stephen A. Vogel | Director | Board & advisors |
Ying Wei | Director | Board & advisors |
Stanley Whittingham | Director | Board & advisors |
Arthur Wong | Director | Board & advisors |
Anja Schirrholz+ | Quality Managerin | Team |
Prem Kumar | After Sales Technical Engineer | Team |
Gabriel Hart | Electrical Engineering Manager | Team |
Marty White | Sr Manager Engineering | Team |
Wei Li | Engineer | Team |
Rex Lei | V.p. Sales & Marketing | Team |
8 more people are available in the full profile.
Complete people profiles for Microvast
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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IPO & Listings of Microvast
Microvast is a publicly listed company on the NASDAQ with ticker symbol MVST in USA, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date26 Jul 2021
- Listed onNASDAQ: MVST
- Listed entityMicrovast Holdings, Inc.
- Exchange sectorProducer manufacturing
- ISINUS59516C1062
- Share price$0.56 (+0.89% on the day) · 2026-10-13
- Market capitalisation$214.2M
- EPS (diluted, trailing year)$-0.03
- Volume (last session)2,888,506
Financials of Microvast
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | $427.5M | -$29.2M | $73.6M |
| 2024 | $379.8M | -$195.5M | $5.3M |
| 2023 | $306.6M | -$106.3M | -$85.8M |
| 2022 | $204.5M | -$158.2M | -$139.0M |
| 2021 | $152.0M | -$206.5M | -$179.5M |
Detailed financial statements for Microvast
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Microvast
5 dated milestones of Microvast across 16 years, from founding to its latest funding, stage changes and deals.
- Founded Microvast is founded.
- Funding First funding round of $30.0M.
- Milestone Reaches Unicorn status.
- IPO Lists on the stock exchange (IPO).
- Funding Latest funding round, Grant, of $200.0M.
Web traffic of Microvast
The website of Microvast (microvast.com) receives about 22.9K visits a month.
- Monthly visits22.9K
▼ 15.5% vs previous month
Top companies in Electric & Green Mobility
3 companies that operate in the same segment as Microvast (Electric & Green Mobility) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765 M | USD 244.66 M | 953 | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.4 B | 2,813 | ||
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 |
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Related news about Microvast
Complete news archive for Microvast
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Frequently Asked Questions about Microvast
Microvast was founded in 2006 and raised its 1st funding round 5 years after it was founded.
Microvast is headquartered in Stafford, United States. It is registered at Stafford, Virginia, United States.
Yang Wu is the CEO of Microvast, as recorded in our data. They have also founded this company.
Microvast is a funded company, having raised a total of $430M across 3 funding rounds to date. The company's 1st funding round was a Series C of $30M, raised on Jul 2011.
Microvast has 171 employees.
Annual revenue of Microvast is $427.52M as on Dec 31, 2025.
Microvast was founded in 2006 in Stafford, United States, within the energy storage sector. Lithium-ion batteries are developed for applications including public transit buses, passenger vehicles, and commercial equipment such as forklifts. Battery systems and cell modules are produced, with attributes like reduced charging times and lightweight construction incorporated. Operations focus on multi-category electric vehicle needs across various geographies.
Microvast offers MV-B Gen 4 Battery Pack, MV-C Gen 4 Battery Pack, ME6 Energy Storage System, HpCO-53.5Ah Battery Cell, and HnCO-52Ah Battery Cell.
Yes, Microvast is publicly traded on NASDAQ under the ticker symbol MVST.
Microvast has 8 investors. Key investors include International Finance Corporation, Ashmore, DOE, CITIC Securities Wealth Management (Hong Kong), and CDH.
The valuation of Microvast is $3B as of Jul 2021.
Microvast operates through Microvast Holdings, Inc..