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.

How many employees does Microvast have?

As of May 31, 2026, the latest employee count at Microvast is 162.

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 $30M Series C round, raised on Jul 11, 2011.

When was the latest funding round of Microvast?

Microvast's latest funding was a $200M Grant (prize money) round on Oct 20, 2022, with participation from 1 investor.

What is the annual revenue of Microvast?

Annual revenue of Microvast is between $100M and $500M as on Dec 31, 2025

Is Microvast a Electric Vehicles company?

The primary sectors of Microvast are Electric Vehicles and Energy Storage Tech.

Where does Microvast rank among its competitors?

Microvast ranks 9th amongst 743 active competitors, of which 90 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Neuron Energy, which secured $3.5M in Nov, 2025.

Who are the top competitors of Microvast?

Microvast's top competitors include A123 Systems, QuantumScape and Greenfuel Energy Solutions. Among them, Neuron Energy secured the most recent funding round in November, 2025.

Microvast - 2026 Company Profile, Funding, Competitors & Financials

Microvast is a public company based in Stafford (United States), founded in 2006. It operates as a Manufacturer of lithium-ion battery solutions for transportation, heavy equipment, and storage. Microvast has raised $430M in funding from investors like IFC, Ashmore and CITIC Securities. The company has 743 active competitors, including 90 funded and 69 that have exited. Its top competitors include companies like A123 Systems, QuantumScape and Greenfuel Energy Solutions.

Sectors and market segments that Microvast operate in

Microvast serves in the Energy Tech, Auto Tech market segments.The primary business model of Microvast are:

Company Details

Manufacturer of lithium-ion battery solutions for transportation, heavy equipment, and storage. The company provides battery technology, components, cells, modules and packs. The company offers solutions for commercial vehicles, passenger vehicles and heavy equipment.

Website: microvast.com
Social
Email ID: *****@microvast.com

Key Metrics

Founded Year

2006

Location

Stafford, United States

Stage

Public

Total Funding

$430M in 3 rounds

Latest Funding Round

Grant (prize money), Oct 20, 2022, $200M

Investors

IFC & 8 more

Ranked

9^th among 743 active competitors

Annual Revenue

$100M - $500M as on Dec 31, 2025

Employee Count

162 as on May 31, 2026

Similar Companies

Greenfuel Energy Solutions & 246 more

Exit Details

Public

View Microvast's full profile

Microvast is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
MICROVAST HOLDINGS, INC. CIN: 1760689 , United States, Active	Nov 04, 2018	$100M - $500M (As on Dec 31, 2025)	2006 (As on Dec 31, 2023)	-
MICROVAST HOLDINGS, INC. CIN: 32087406289 , United States, Active	Jan 25, 2024	-	-	-

Microvast got listed on Jul 26, 2021.

Click here to take a look at Microvast's IPO in detail

Microvast has raised a total funding of $430M over 3 rounds. Its first funding round was on Jul 11, 2011. Its latest funding round was a Grant (prize money) round on Oct 20, 2022 for $200M. 1 investor participated in its latest round. Microvast has 9 institutional investors.

Here is the list of recent funding rounds of Microvast:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 20, 2022	$200M	Grant (prize money)	-	-	-	DOE
Apr 20, 2017	$400M	Series D	$2B	-	CITIC Securities	CDH, National Venture Capital Association, SDIC Venture Capital Management
Jul 11, 2011	$30M	Series C	-	-	IFC, Ashmore	-

Access funding benchmarks and valuations. Sign up today!

View details of Microvast's funding rounds and investors

Microvast's employee count trend

Microvast has 162 employees as of May 26. Here is Microvast's employee count trend over the years:

Uncover Microvast's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Microvast include A123 Systems, QuantumScape and Greenfuel Energy Solutions. Here is the list of Top 10 competitors of Microvast, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	A123 Systems 2001, Hangzhou (China), Public	Manufacturer of automotive lithium-ion batteries	$201M	General Electric, DTE Energy Ventures & 19 others	76/100
2nd	QuantumScape 2010, San Jose (United States), Public	Developer of solid-state lithium-metal battery technology for electric vehicle applications	$1B	Volkswagen Group, Toyota Motor & 16 others	73/100
3rd	Greenfuel Energy Solutions 2006, Gurugram (India), Acquired	Manufacturer of CNG, LNG, and hydrogen components for vehicle and stations	-	-	70/100
4th	Neuron Energy 2018, Mumbai (India), Series A	Platform offering lithium-ion batteries for electric vehicles and energy storage	$9.61M	Equanimity Investments, Chona Family Office ... & 39 others	69/100
5th	SES Technologies 2012, Woburn (United States), Public	Developer of Li-Metal batteries and AI-powered battery management solutions	$336M	Hyundai Motor Company, SAIC Capital & 16 others	67/100
6th	LG Energy Solutions 2020, Seoul (South Korea), Public	Manufacturer of advanced batteries for automotive, mobility, IT, and ESS applications	-	-	65/100
7th	Solid Power 2011, Louisville (United States), Public	Developer of solid-state lithium-ion battery	$182M	Ford, BMW i Ventures & 14 others	65/100
8th	Grinntech 2013, Chennai (India), Acquired	Manufacturer of lithium-ion battery packs, off-the-shelf products, and custom solutions	$2M	RTBI, Magnetic Meter Systems & 3 others	65/100
9th	Microvast 2006, Stafford (United States), Public	Manufacturer of lithium-ion battery solutions for transportation, heavy equipment, and storage	$430M	IFC, 345 Partners & 7 others	64/100
10th	IBC 2022, Milpitas (United States), Series A	Platform offering prismatic lithium-ion cells for mobility and energy storage	$64M	RTP Global, Beenext & 3 others	65/100