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Microvast Holdings, Inc. makes lithium-ion battery packs and energy storage systems for commercial electric vehicles and utilities.
Microvast Holdings, Inc. was founded in 2006 and is headquartered in Stafford, US. It develops and manufactures lithium-ion battery packs and energy storage systems for commercial electric vehicles, heavy equipment and utility applications, and has deployed over 31,000 battery systems across 34 countries. In 2024 it reported revenue of USD 379.80 mn and EBITDA of USD -85.26 mn. It raised USD 540 mn in PIPE funding on July 23, 2021, with investors including BlackRock and Koch Strategic Platforms, and its stage is listed as Public.
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