About Microvast
Microvast is a company based in Stafford (United States) founded in 2006 by Yang Wu. Microvast has raised $430 million across 3 funding rounds from investors including International Finance Corporation, Ashmore and DOE. The company has 2,250 employees as of December 31, 2024. 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. Microvast operates in a competitive market with competitors including Lohum, Contemporary Amperex Technology, Forsee Power, A123 Systems and Exponent Energy, among others.
- Headquarter Stafford, United States
- Employees 2250 as on 31 Dec, 2024
- Founders Yang Wu
- Stage Public
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Email
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Phone
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Website
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Social
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- Legal Name Microvast Holdings, Inc.
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Annual Revenue
$379.8 M (USD)23.87as on Dec 31, 2024
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Net Profit
-$195.46 M (USD)-83.81as on Dec 31, 2024
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EBITDA
$5.26 M (USD)0as on Dec 31, 2024
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Total Equity Funding
$430 M (USD)
in 3 rounds
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Latest Funding Round
$200 M (USD), Grant
Oct 20, 2022
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Investors
International Finance Corporation
& 6 more
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Employee Count
2250
as on Dec 31, 2024
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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.
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
People of Microvast
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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.
Investors in Microvast
Microvast has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include International Finance Corporation, Ashmore and DOE.
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Private equity and private debt firm focused on multiple sectors
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Venture capital investments are managed for innovative company growth.
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IFC is focused on private sector development in emerging markets.
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Investor details for Microvast
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Investments & Acquisitions by Microvast
Investment portfolio details for Microvast
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Financial Statements - Microvast
Detailed financials for Microvast
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Microvast Comparisons
Peer comparison for Microvast
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Competitors of Microvast
Microvast operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Lohum, Contemporary Amperex Technology, Forsee Power, A123 Systems and Exponent Energy, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Recycles lithium-ion batteries and repurposes battery raw materials through low-carbon refining
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Comprehensive solutions for electric vehicles and energy storage are provided.
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Lithium battery systems for electric vehicles and gadgets are manufactured.
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Lithium-ion batteries for automotive and industrial uses are manufactured.
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Rapid-charging technology for electric vehicles is developed and scaled.
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Detailed competitors of Microvast
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Latest news on 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 current CEO of Microvast. They have also founded this company.
Microvast is a funded company, having raised a total of $430M across 3 funding rounds to date.
As of Dec 31, 2024, the latest employee count at Microvast is 2,250.
Annual revenue of Microvast is $379.8M as on Dec 31, 2024.
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's top competitors include Lohum, Solid Power and Exponent Energy.
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 7 investors. Key investors include International Finance Corporation, Ashmore, DOE, CITIC Securities Wealth Management (Hong Kong), and CDH.
The ticker symbol of Microvast is MVST on NASDAQ.
The valuation of Microvast is $2B as of Apr 2017.