MVM - About the company
MVM is an acquired company based in Budapest (Hungary), founded in 1963. It operates as a Developer of large-scale PV plants and provider of electricity. MVM has raised an undisclosed amount in funding. The company has 8 active competitors, including 2 that have exited. Its top competitors include companies like Mátrai Erőmű, Vabeko Solar and RENA Solar.
Company Details
MVM Group is a utility company in Hungary that also develops large-scale PV plants. Projects include a 20MW solar power plant, a 16MW power plant, a 10MW facility and others. Also develops nuclear power plants, trades electricity & natural gas, operates transmission systems and provides telecommunication services.
- Website
- mvm.hu
- Email ID
- *****@mvm.hu
- Phone Number
- +36 **********
Key Metrics
Founded Year
1963
Location
Budapest, Hungary
Stage
Acquired
Latest Funding Round
Investors
Ranked
1st among 8 active competitors
Annual Revenue
$10M - $50M as on Dec 31, 2020
Employee Count
2,237 as on Jul 31, 2026
Investment & Acquisitions
Similar Companies
Exit Details
Acquired by Antenna Hungaria (Nov 19, 2021)
Legal entities associated with MVM
MVM is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
MVM PARTNER D.O.O. CIN: 94783611888 , Croatia, Active | Mar 30, 2011 | $10M - $50M (As on Dec 31, 2020) | - |
MVM's acquisition details
MVM got acquired by Antenna Hungaria on Nov 19, 2021.
Click here to take a look at MVM's acquisition in detail
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MVM's funding and investors
MVM has raised funding over 1 round. Its latest funding round was a Grant (prize money) round on Sep 01, 2020 for $*****. 1 investor participated in its latest round. MVM has 1 institutional investor.
Here is the list of recent funding rounds of MVM:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 01, 2020 | 8418756 | Grant (prize money) | 1677035 | 4073013 | 3038775 | 7745718 |
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MVM's founders and board of directors
Founder? Claim ProfileMVM's employee count trend
MVM has 2,237 employees as of Jul 26. Here is MVM's employee count trend over the years:
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MVM's Competitors and alternates
Top competitors of MVM include Mátrai Erőmű, Vabeko Solar and RENA Solar. Here is the list of Top 10 competitors of MVM, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Developer of large-scale PV plants and provider of electricity | - | 55/100 | ||
2nd | _1566291116692.png?devicePixelRatio=2&height=30&width=30){kind=logo} Mátrai Erőmű 1965, Budapest (Hungary), Acquired | Coal-fired power plant operator and developer of utility-scale solar energy projects | - | - | 31/100 |
3rd |  Vabeko Solar 2017, Budapest (Hungary), Unfunded | EPC company that specializes in solar power plant project developments | - | - | 26/100 |
4th |  RENA Solar 2008, Budapest (Hungary), Unfunded | Large scale solar installer | - | - | 25/100 |
5th | Electron Holding Zrt 2017, Budapest (Hungary), Unfunded | Company that develops and operates renewable energy projects | - | - | 22/100 |
6th | Developer of solar energy projects | - | - | 21/100 | |
7th | SolServices 2017, Budapest (Hungary), Unfunded | Developer of solar energy projects | - | - | 21/100 |
8th |  Multi Level Marketing Bakonyszentlaszlo (Hungary), Unfunded | Developer of solar energy projects | - | - | 16/100 |
9th |  NRG Forecast Kft Kecskemet (Hungary), Deadpooled | Provider of solar panel installation services | - | - | 15/100 |
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MVM's Investments and acquisitions
MVM has acquired 2 companies including EMASZ Halozati and ENEXIO. MVM has not made any investments as of now.News related to MVM
Filter this listMedia has covered MVM for a total of 8 events in the last 1 year, 3 of them have been about company updates and 2 about partnerships.
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Fermi partners with MVM EGI on cooling system at Texas energy grid campusShareprices•Dec 01, 2025•Fermiamerica, MVM
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Westinghouse and Hungary form groundbreaking nuclear fuel partnershipBusiness Wire•Nov 09, 2025•Westinghouse, MVM
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Hungary signs 10-year gas deal with Shell, as E.U. seeks to phase out Russian flowsSeeking Alpha•Sep 09, 2025•MVM, Shell, Ceenergy
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VitalConnect, Inc. Secures $100 Million in FinancingThe Joplin Globe•Feb 19, 2025•Vital Connect, Ally Bridge Group, EW Healthcare Partners, Revelation Partners and 5 others
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AFRY awarded design contract in MVM Paks Nuclear power plant in HungaryCision•Jan 21, 2025•AFRY, MVM
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Hungarian MVM Group to acquire majority share package of E.ON Energie RomaniaStiripesurse•Dec 16, 2024•MVM, Eon, E.ON,
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