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 Sep 30, 2026, the latest employee count at Microvast is 171.

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 13th amongst 1714 active competitors, of which 165 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Neuron Energy, which secured $3.5M in Aug, 2025.

Who are the top competitors of Microvast?

Microvast's top competitors include QuantumScape, Amprius Technologies and Proterra. Among them, Neuron Energy secured the most recent funding round in August, 2025.

Microvast - 2026 Company Profile, Team, 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 1714 active competitors, including 165 funded and 132 that have exited. Its top competitors include companies like QuantumScape, Amprius Technologies and Proterra.

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
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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

13^th among 1714 active competitors

Annual Revenue

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

Employee Count

171 as on Sep 30, 2026

Similar Companies

Sunwoda Electronic & 1683 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	Reports
MICROVAST HOLDINGS, INC. CIN: 32087406289 , United States, Active	Jan 25, 2024	-	-	-
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 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	-

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View details of Microvast's funding rounds and investors

Microvast's employee count trend

Microvast has 171 employees as of Sep 26. Here is Microvast's employee count trend over the years:

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Top competitors of Microvast include QuantumScape, Amprius Technologies and Proterra. 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	QuantumScape 2010, San Jose (United States), Public	Developer of solid-state lithium-metal battery technology for electric vehicle applications	$1B	Volkswagen Group, Toyota Motor & 17 others	75/100
2nd	Amprius Technologies 2009, Fremont (United States), Public	Developer of silicon nano-wire-based Li-Ion batteries	$55M	Kleiner Perkins, Airbus Official & 19 others	73/100
3rd	Proterra 2004, Burlingame (United States), Public	Manufacturer of battery systems for heavy duty and commercial vehicles	$858M	Kleiner Perkins, GM Ventures & 39 others	72/100
4th	A123 Systems 2001, Hangzhou (China), Public	Manufacturer of automotive lithium-ion batteries	$201M	General Electric, Qualcomm Ventures & 19 others	72/100
5th	Sunwoda Electronic 1997, Shenzhen (China), Public	Manufacturer of lithium-ion batteries, energy storage systems, and related hardware	-	Broad Vision Funds, Cygnus Equity & 8 others	71/100
6th	Verkor 2020, Grenoble (France), Series C	Manufacturer of lithium ion battery cells for electric vehicle mobility	$1.34B	Renault, EQT & 37 others	70/100
7th	EnerSys Reading (United States), Public	Manufacturer of industrial battery systems and energy power storage solutions	-	Metalmark Capital, Slater Technology Fund ... & 3 others	70/100
8th	Neuron Energy 2018, Mumbai (India), Series A	Manufacturer of lithium-ion batteries for electric vehicles and energy storage	$9.61M	Equanimity Investments, Chona Family Office ... & 53 others	69/100
9th	SES Technologies 2012, Woburn (United States), Public	Developer of Li-Metal batteries and AI-powered battery management solutions	$336M	Temasek, Applied Materials & 16 others	69/100
10th	SK On 2021, Seoul (South Korea), Series E	Provider of energy and chemical products, including batteries and lubricants	$1.73B	MBK Partners, Korea Investment Holdings & 3 others	67/100
13th	Microvast 2006, Stafford (United States), Public	Manufacturer of lithium-ion battery solutions for transportation, heavy equipment, and storage	$430M	IFC, 345 Partners & 7 others	66/100