Microvast
- π¦Became a unicorn2021
- πPeak valuation$3 Billion β21
- πBecame a Unitard2022
- πΈLast valuation estimate~$600M
The rise & fall
6 moments Β· 2006β2025The key moments, with employee sentiment along the way.
π¬ entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor β; dated facts carry their source.
How it happened
Microvast makes fast-charging lithium-ion cells and packs for commercial electric vehicles β buses, trucks and specialty vehicles β and energy-storage systems, with roots in China and headquarters in Texas. Backed by private investors including CDH, it went public on the Nasdaq in July 2021 via a SPAC merger with Tuscan Holdings at a roughly $3B valuation.
EV-battery competition, heavy losses and the withdrawal of a US Department of Energy grant battered the stock, which fell about 80% to a small-cap worth around $600M.
Source: stockanalysis / companiesmarketcap / Nasdaq (lithium-ion battery maker for commercial EVs and energy storage, backed by CDH and other private investors; July 2021 SPAC merger with Tuscan Holdings at a ~$3B valuation; lost a US DOE grant and burned cash; market cap ~$0.6B in 2025-26)
Founder
Current roles as self-reported on LinkedIn, retrieved 2026-08-19. See our methodology.
