Tech Company Financing Transactions
Microvast Power Funding Round
CITIC Group Corp. and private investors participated in a $400 million funding round for Microvast Power. The round was recorded on 4/21/2017.
Transaction Overview
Company Name
Announced On
4/21/2017
Transaction Type
Venture Equity
Amount
$400,000,000
Round
Undisclosed
Investors
CITIC Group Corp. (Lead Investor)
Proceeds Purpose
The funding we received will be used for continued research and development, as well as scaling production capacity.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
12603 Southwest Fwy. 210
Stafford, TX 77477
USA
Stafford, TX 77477
USA
Phone
Website
Email Address
Overview
Microvast is a fast-growing and profitable market leader in the design, development and manufacturing of fast charging, long-life, and non-flammable lithium-ion battery systems.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Yang Wu
Chief Operating Officer
Diaokun Xiao
Chief Technical Officer
Xiang Li
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We do our best to document every notable VC transaction. VC investment data records on this site come from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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