Team size: 51 - 200
Sector: Transportation and mobility
Founders: Diaokun Xiao, Xiang LI, Yang Wu
Founded date: 2006
Company revenue: US$ 500 million - 1 billion
Investors: BlackRock, CDH Investments, International Finance Corporation, Interprivate, US Department of Energy
Company stage: IPO
Microvast is an energy company that designs, develops, and manufactures ultra-fast charging, long-life battery power systems with superior safety for electric vehicles. Specifically designed to address the critical constraints currently facing electric vehicle development, its electric vehicle battery system solution paves the way for mass adoption of electric vehicles. The company is continuously working towards our Clean City Transit (CCT) solution, finding ways to provide economical, fully electric urban transportation applications. 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. The company was founded in 2006 and is headquartered in Stafford, Texas.