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
*********
- Legal Name Microvast Holdings, Inc.
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Annual Revenue
$379.8 M23.87as on Dec 31, 2024
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Net Profit
$-195.46 M-83.81as on Dec 31, 2024
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EBITDA
$5.26 M0as 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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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
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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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Grant — $200.0M
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First Round
First Round
(11 Jul 2011)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Grant - Microvast | Valuation |
investors |
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| Apr, 2017 | Amount | Series D - Microvast | Valuation | CITIC Securities | |
| Jul, 2011 | Amount | Series C - Microvast | Valuation | IFC , Ashmore |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity and private debt firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Venture capital investments are managed for innovative company growth.
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Founded Year | Domain | Location | |
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IFC is focused on private sector development in emerging markets.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Microvast
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Microvast
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Microvast Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Recycles lithium-ion batteries and repurposes battery raw materials through low-carbon refining
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| domain | founded_year | HQ Location |
Comprehensive solutions for electric vehicles and energy storage are provided.
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| domain | founded_year | HQ Location |
Lithium battery systems for electric vehicles and gadgets are manufactured.
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| domain | founded_year | HQ Location |
Lithium-ion batteries for automotive and industrial uses are manufactured.
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| domain | founded_year | HQ Location |
Rapid-charging technology for electric vehicles is developed and scaled.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Microvast
Frequently Asked Questions about Microvast
When was Microvast founded?
Microvast was founded in 2006 and raised its 1st funding round 5 years after it was founded.
Where is Microvast located?
Microvast is headquartered in Stafford, United States. It is registered at Stafford, Virginia, United States.
Who is the current CEO of Microvast?
Yang Wu is the current CEO of Microvast. They have also founded this company.
Is Microvast a funded 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 11, 2011.
How many employees does Microvast have?
As of Dec 31, 2024, the latest employee count at Microvast is 2,250.
What is the annual revenue of Microvast?
Annual revenue of Microvast is $379.8M as on Dec 31, 2024.
What does Microvast do?
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.
Who are the top competitors of Microvast?
Microvast's top competitors include Lohum, Solid Power and Exponent Energy.
What products or services does Microvast offer?
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.
Is Microvast publicly traded?
Yes, Microvast is publicly traded on NASDAQ under the ticker symbol MVST.
Who are Microvast's investors?
Microvast has 7 investors. Key investors include International Finance Corporation, Ashmore, DOE, CITIC Securities Wealth Management (Hong Kong), and CDH.
What is Microvast's ticker symbol?
The ticker symbol of Microvast is MVST on NASDAQ.
What is Microvast's valuation?
The valuation of Microvast is $2B as of Apr 2017.