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Microvast
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Short description

Manufacturer of battery systems for electric vehicles and large-scale power grid applications

Founded in 2006
Founded in

Company type Public Public (MVST)
Company type

Industry Group energy & power

Sector energy storage

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Stafford, TX Stafford, United States
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Updated by Sunena Gupta at on 06/11/2024

Edited by Cleantech Group on 07/01/2024

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Date Company
12/06/2011

Chongqing Public Transportation Group Chongqing Public Transportation Group

Microvast will be supplying 200 electric bus batteries to CPTG, with 50 units equipped with rapid charge technology for electric buses and 150 units for fast charging, plug-in hybrid electric buses.

Confirmed by Chongqing Public Transportation Group
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Date Partner Type
08/10/2021
eVersum eVersum
Microvast and eVersum will jointly develop battery products for eVersum's product line.
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Confirmed by eVersum
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IPO INFORMATION

Date

07/26/2021

IPO status

Listed

IPO Type

SPAC

Amount

$822M

Initial shares

Ticker symbol

MVST

Exchange listed

NYSE

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Description

Microvast has completed its business combination with Tuscan Holdings Corp.

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Date Investors Type Amount
06/04/2024 Yang Wu Yang Wu (1)
Post-money valuation of
Completed the initial $12 million draw of a $25 million secured debt facility. The draw will primarily provide working capital to continue the Company’s U.S. operations.
 Structured Debt $12,000,000
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Battery Management System

Intelligent management for battery through advanced monitoring software. Contains the battery management control unit, local electrical, and high voltage measure unit

 Wide Commercial Availability Products - Retail
$/kW (current)
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