Microvast secures a $25 million corporate loan facility to support U.S. operations
Amount Raised
$25 Million
Round Type
Debt Financing
StaffordManufacturingEnergyAutomotiveElectric VehicleInvestors
Description
Microvast Holdings, Inc. has completed the initial $12 million draw of a $25 million secured debt facility provided by Yang Wu, its Founder, Chairman and Chief Executive Officer, primarily for working capital to continue the Company’s U.S. operations. The proceeds will be directed towards continuing U.S
Quick answer
Microvast Holdings raised $25 Million in a Debt Financing round, dated June 4, 2024. Investors: Yang Wu. Microvast Holdings is based in Stafford, Texas, United States.
- How much did Microvast Holdings raise?
- Microvast Holdings raised $25 Million in a Debt Financing round on June 4, 2024.
- Who invested in Microvast Holdings?
- Yang Wu is named as investors in this round.
- What does Microvast Holdings do?
- Microvast Holdings, Inc. is a leading provider of electric vehicle battery systems primarily serving the transportation industry.
- Where is Microvast Holdings based and how big is it?
- Microvast Holdings is based in Stafford, Texas, United States.
- Who are the decision-makers at Microvast Holdings?
- Fundz holds 1 contact at Microvast Holdings. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Automotive around the same time
Companies in the same sectors as Microvast Holdings that raised within 45 days of this round, from Fundz verified event records.
- Aptera Motors raised $134K (Seed) on June 6, 2024.
- VerdeGo Aero raised $2M on July 12, 2024.
- VerdeGo Aero raised $1.5M on June 25, 2024.
- Hyperion Companies raised $50K (Seed) on June 3, 2024.
- Ather Energy raised $35M (Series F) on June 1, 2024.
- Matel raised $4M (Seed) on May 16, 2024.
Who to call at Microvast Holdings, and when
A new round usually means Microvast Holdings is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Microvast Holdings raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Microvast Holdings, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Microvast Holdings. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment Microvast Holdings raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Microvast Holdings raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.