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Microvast logo — Forward Thinking. Powering Now.™

Microvast

Forward Thinking. Powering Now.™

Founded 2006 United States Stafford, United States 170 employees Post-IPO Debt Total: $1.20B Consumer Electronics, ESG +2

General Information

Company Name Microvast
Founded Year 2006
Location United States Stafford, United States
Employees 170
Industries Consumer Electronics, ESG, Manufacturing +1
Funding Stage Post-IPO Debt
Social

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About Microvast

Microvast Holdings, Inc. (Nasdaq: MVST), with the slogan "Forward Thinking. Powering Now.™," has established itself as a global leader in the design, development, and manufacture of battery solutions since its founding in 2006 in Stafford, Texas. The company's expertise lies in providing a diverse portfolio of fast-charging lithium-ion battery solutions tailored to meet the specific needs of its customer base across various industries including Consumer Electronics, Manufacturing, and Energy Storage. Renowned for its cutting-edge cell technology and vertical integration capabilities, Microvast has differentiated itself by offering solutions that range from core battery chemistry to modules and packs. Over the years, the company has expanded its reach beyond electric buses to serve a broad spectrum of commercial, passenger, and specialty vehicles, including mining, material handling, and power vehicles, as well as grid-scale energy storage applications. Notably, the company secured a significant $200.00M grant investment on 19 October 2022 from the US Department of Energy, underscoring the recognition and support for Microvast's pioneering advancements in battery technology. To learn more about Microvast, please visit their website at www.microvast.com.

Business keywords: battery solutions, lithium-ion technology, energy storage, electric vehicles, stationary power, industrial equipment, technology innovation, battery manufacturing, vertical integration, commercial vehicles, grid-scale applications, battery chemistry, fast-charging solutions, global leader

Funding Rounds & Investors (6)

View All
Funding Stage Amount Investors Lead Investors Date
Post IPO Debt $12.00M 1
Yang Wu
04 Jun 2024
Grant $200.00M 1
US Department of Energy
19 Oct 2022
Post IPO Equity $540.00M 4
BlackRock InterPrivate
BlackRock, InterPrivate +2
26 Jul 2021
Venture Round $400.00M 3
CDH Investments CITIC Securities National Venture Capital Association
CDH Investments, CITIC Securities +1
20 Apr 2017
Venture Round $50.00M 1
IFC Venture Capital Group
18 Jul 2011
Series A Undisclosed 1
International Finance Corporation
International Finance Corporation
30 Jun 2011

Microvast Alternatives & Competitors

View All Alternatives
Microvast vs
Sanvaru Technology Ltd. Power Forever
Sanvaru Technology Ltd. Power Forever India

Leading Manufacturer of High Performing Lithium-ion Batteries for BESS & E-Mobility with smart BMS.

29 employees
Energy, Manufacturing
Microvast vs
Ionic Mineral Technologies
Ionic Mineral Technologies United States

Electrification Unearthed

10 employees
Energy, Manufacturing
Microvast vs
Leclanché SA
Leclanché SA Switzerland

We are enabling the energy transition.

Post-IPO Debt
241 employees
Energy, Industrial
View all alternatives

FAQ About Microvast

Forward Thinking. Powering Now.™
Microvast was founded in 2006.
Microvast is headquartered in Stafford, United States.
Microvast operates in Consumer Electronics, ESG, Manufacturing and Energy Storage. Its work centres on battery solutions, lithium-ion technology, energy storage and electric vehicles.
Microvast has approximately 170 employees.
Microvast has completed 6 funding rounds, raising a total of $1.20B. The latest funding stage is Post-IPO Debt.
Top alternatives and competitors to Microvast include Sanvaru Technology Ltd. Power Forever, Ionic Mineral Technologies, Leclanché SA, GDI, COSMX. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Microvast and Sanvaru Technology Ltd. Power Forever are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Microvast, https://bouncewatch.com/company/microvast, updated 2 December 2024. When citing, please name BounceWatch and link this page.

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