Founded in 2006 as a research and technology driven company, Microvast, Inc., has evolved into a global leader in battery storage solutions for mobile and stationary applications. Microvast currently provides three different lines of fast-charging lithium-ion battery solutions, with different chemistries, performance characteristics and price points. Its main line of business is developing and implementing safe, long-life, fast-charging lithium-ion battery systems for electric and hybrid-electric municipal bus fleets.
As of the end of 2017, Microvast’s ultra-fast charging batteries have been operating in more than 20,000 all-electric and hybrid-electric buses in more than 150 cities among 13 countries in the world. Collectively, Microvast electric buses have traveled over 1.8 billion kilometers without failures or safety issues.
In addition to electric bus applications, Microvast has also expanded its business to serve other markets, such as electrified trucks, mining processes, and grid-scale energy storage.
As of the end of 2017, Microvast’s ultra-fast charging batteries have been operating in more than 20,000 all-electric and hybrid-electric buses in more than 150 cities among 13 countries in the world. Collectively, Microvast electric buses have traveled over 1.8 billion kilometers without failures or safety issues.
In addition to electric bus applications, Microvast has also expanded its business to serve other markets, such as electrified trucks, mining processes, and grid-scale energy storage.
Location: United States, Texas, Stafford
Employees: 1001-5000
Total raised: $400M
Founded date: 2006
Investors 3
| Date | Name | Website |
| - | IFC Ventur... | ifc.org |
| - | University... | incubator.... |
| - | Subversive | subversive... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 25.04.2017 | - | $400M | - |
Mentions in press and media 18
| Date | Title | Description |
| 19.09.2024 | Microvast Powers the Next Generation of Electric Commercial Vehicles with Groundbreaking Battery Technology at IAA Transportation 2024 | STAFFORD, Texas and HANNOVER, Germany, Sept. 19, 2024 /PRNewswire/ -- Microvast Holdings, Inc. (NASDAQ: MVST) ("Microvast", the "Company", "we" or "our"), a technology innovator that designs, develops... |
| 15.05.2024 | Microvast Shows Complete Series of Products at 2024 FMA and FEA Events | BANGKOK, May 15, 2024 /PRNewswire/ -- During the event of Future Mobility Asia 2024 (FMA) and Future Energy Asia 2024 (FEA) held in Bangkok from May 15 to 17, Microvast will highlight a wide range of the fast-charging chemistries and energy... |
| 22.12.2022 | 7 up-and-coming battery makers vying for the $370 billion electric commercial vehicle business | Chinese battery giant CATL is building batteries for the Freightliner eCascadia electric semi. Freightliner This story is available exclusively to Insider subscribers. Become an Insider and start reading now. The global electric commercial ... |
| 03.11.2022 | GM & Microvast announce plans for battery material plant | General Motors and Microvast are cooperating to develop a special separator technology for electric vehicle batteries. These films will then be manufactured in a new separator factory in the USA, which Microvast plans to build. The car comp... |
| 17.10.2022 | Microvast Joins Consortium Led by Shell to Drive Decarbonisation of Mining Industry | Microvast Holdings,, a technology innovator that designs, develops and manufactures lithium-ion battery solutions, announced its participation in a mining industry electrification consortium led by Shell. Latest Aithority Insights : NVIDIA ... |
| 17.10.2022 | Microvast’s Energy Division Launches New Energy Storage System (ESS) With Industry Leading 4.3MWh Energy Density Per Container | Microvast Holdings, , a technology innovator that designs, develops and manufactures lithium-ion battery solutions, announced the launch of its inaugural battery energy storage system, the ME-4300-UL ESS Container (the “ESS Container”). Bro... |
| 28.03.2022 | Microvast introduces batteries for utility vehicles | US battery manufacturer Microvast has introduced two new lithium-ion cells and an improved battery pack. The new 48-ah and 53.5-ah NMC cells have been specifically designed to power commercial and special-purpose vehicles. Both new pouch ce... |
| 05.02.2022 | Microvast : Confirms Revenue Guidance for 2021 and Schedules Fourth Quarter Earnings Call - Form 8-K | Microvast Confirms Revenue Guidance for 2021 and Schedules Fourth Quarter Earnings Call February 1, 2022 STAFFORD, TX | Microvast Holdings, Inc. (NASDAQ:MVST) ("Microvast" or the "Company"), a technology innovator that d... |
| 16.11.2021 | Microvast : Reports Third Quarter 2021 Results - Form 8-K | Microvast Reports Third Quarter 2021 Results - Revenue Growth of 20% over Q3 2020 - - Reaffirms 2021 Revenue Outlook - - Completed Public Listing in July 2021, Raised $708 million in Net Proceeds - STAFFORD, TX., November 15, 2021 - Microva... |
| 10.08.2021 | Microvast & eVersum to cooperate on battery development | The US battery manufacturer Microvast and the Austrian start-up eVersum have announced that they will jointly develop battery solutions for the electrification of eVersum’s product line. The products are to be manufactured in Microvast’s Eu... |
Show more