When was Michigan Economic Development founded?

Michigan Economic Development was founded in 1997 and raised its 1st funding round 6 years after it was founded.

Where is Michigan Economic Development located?

Michigan Economic Development is headquartered in Lansing, United States.

How many employees does Michigan Economic Development have?

As of May 31, 2026, the latest employee count at Michigan Economic Development is 378.

Is Michigan Economic Development a funded company?

Michigan Economic Development is a funded company, having raised an undisclosed amount across 53 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Nov 03, 2003.

When was the latest funding round of Michigan Economic Development?

Michigan Economic Development's latest funding was a $***** Grant (prize money) round on Oct 07, 2015, with participation from 1 investor.

Where does Michigan Economic Development rank among its competitors?

Michigan Economic Development ranks 5th amongst 103 active competitors, of which 7 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Highland Electric Fleet, which secured $75M in Jun, 2026.

Who are the top competitors of Michigan Economic Development?

Michigan Economic Development's top competitors include Ridepanda, Highland Electric Fleet and Plug Motors. Among them, Highland Electric Fleet secured the most recent funding round in June, 2026.

Michigan Economic Development - 2026 Company Profile, Funding & Competitors

Company Details

Website: michiganadvantage.org
Social
Phone Number: +1 **********

Key Metrics

Founded Year

1997

Location

Lansing, United States

Stage

Funding Raised

Latest Funding Round

Grant (prize money), Oct 07, 2015, $*****

Investors

SBIR & 7 more

Ranked

5^th among 103 active competitors

Employee Count

378 as on May 31, 2026

Investment & Acquisitions

SkySpecs & 29 more

Similar Companies

ElectricPe & 402 more

View Michigan Economic Development's full profile

Michigan Economic Development has raised funding over 53 rounds. Its first funding round was on Nov 03, 2003. Its latest funding round was a Grant (prize money) round on Oct 07, 2015 for $*****. 1 investor participated in its latest round. Michigan Economic Development has 8 institutional investors.

Here is the list of recent funding rounds of Michigan Economic Development:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 07, 2015	1803139	Grant (prize money)	4157251	8771745	9413579	6182811
Jul 01, 2013	9819819	Grant (prize money)	2753479	5206940	6884814	ED
Sep 30, 2012	8091170	Grant (prize money)	5589027	4158869	7193995	SBIR

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View details of Michigan Economic Development's funding rounds and investors

Michigan Economic Development's employee count trend

Michigan Economic Development has 378 employees as of May 26. Here is Michigan Economic Development's employee count trend over the years:

Employee count trend for Michigan Economic Development

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Top competitors of Michigan Economic Development include Ridepanda, Highland Electric Fleet and Plug Motors. Here is the list of Top 10 competitors of Michigan Economic Development, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ridepanda 2020, San Francisco (United States), Series B	Online retailer platform offering multi-category electric vehicles	$23.9M	Yamaha Motor Ventures, Blackhorn Ventures ... & 15 others	59/100
2nd	Highland Electric Fleet 2018, Ipswich (United States), Series D	Provider of dealership services for automotive electric vehicles	$478M	Vision Ridge Partners, Fontinalis Partners ... & 3 others	52/100
3rd	Plug Motors 2019, San Francisco (United States), Series A	Online marketplace facilitating the buying and selling of used electric vehicles	$20M	Lightspeed Venture Partners, Renn Global & 3 others	47/100
4th	Electrada 2020, Cincinnati (United States), Series B	Manufacturer of automotive electric vehicles	$33.9M	-	45/100
5th	Michigan Economic Development 1997, Lansing (United States), Funding Raised	A foundation focused on economic development	-	SBIR, OSTI & 6 others	38/100
6th	VORO 2016, Warrenville (United States), Unfunded	Online retailer of electric scooters & bikes	-	-	29/100
7th	CCE Golf Cars 2004, Wareham (United States), Acquired	New England's premier golf cart and small vehicle distributor	-	Gladstone Investment, The Mustang Group	28/100
8th	E-Biker.Net 2023, Sheridan (United States), Unfunded	Online retailer of electric bicycles	-	-	28/100
9th	Vene Rides 2011, Miami Beach (United States), Seed	Online retailer offering multi-category electric vehicles	-	-	26/100
10th	Ezeryders 2021, San Diego (United States), Unfunded	Online retailer of electric bikes, boards, parts, accessories, and rentals	-	-	25/100

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Michigan Economic Development has not made any acquisitions yet. Michigan Economic Development has made 30 investments.

Here is the list of latest three $investments:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Oct 03, 2024	Investments	SkySpecs	2012	Ann Arbor (United States)
Jun 13, 2024	Investments	Voltpost	2021	New York City (United States)
Jun 23, 2023	Investments	Eaton	1911	Dublin (Ireland)