Manufacturing Unicorns

29 Manufacturing Companies that went to become Unicorns

If you're building a manufacturing startup, you must check these 29 companies that have joined the unicorn club.

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There are a lot of things to consider when building a new startup - where to get funding, how to validate your idea, and what features should the product have.

One of the challenges, however, is finding a market that is willing to pay for your solution without even knowing what it is yet.

While some people say this makes your idea too vague and hard to monetize, there’s actually good news.

There’s more money in this space than ever before by angels investing in early-stage companies.

If you're building a Manufacturing startup, you must check these 29 companies that have joined the unicorn club.

29 Manufacturing Companies that Became Unicorns

AIWAYS

AIWAYS

AIWAYS is a smart car manufacturer based in Shanghai, China that creates beautiful electric vehicles that can be used in any situation.

Details of the startup:

  • Valuation:

    $1.78

    B (

    April 2018

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2017

  • Founders:

    Fu Qiang, Gu Feng

  • Industries:

    Artificial Intelligence, Automotive, Electric Vehicle, Manufacturing

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    CN¥5,200,000,000

  • Number of funding rounds:

    6

  • Number of investors:

    4

here

Allbirds

Allbirds

Allbirds is a professional apparel and fashion company that manufactures eco-friendly wool shoes.

Details of the startup:

  • Valuation:

    $1.70

    B (

    October 2018

    )

  • Country:

    United States

  • City:

    San Francisco

  • Started in:

    2014

  • Founders:

    Joseph Zwillinger, Tim Brown

  • Industries:

    E-Commerce, Fashion, Manufacturing, Shoes

  • Number of employees:

    250-500

  • Funding Amount:

    $202,450,000

  • Number of funding rounds:

    7

  • Number of investors:

    23

here

Bitmain

Bitmain

Bitmain designs and manufactures hardware and software for high performance computing.

Details of the startup:

  • Valuation:

    $12.00

    B (

    July 2018

    )

  • Country:

    China

  • City:

    Beijing

  • Started in:

    2013

  • Founders:

    Jihan Wu, Micree Zhan

  • Industries:

    Application Specific Integrated Circuit (ASIC), Bitcoin, Electronics, Manufacturing, Semiconductor

  • Number of employees:

    100-250

  • Funding Amount:

    $764,700,000

  • Number of funding rounds:

    4

  • Number of investors:

    12

here

BYD Semiconductor

BYD Semiconductor

BYD Semiconductor offers wafer processing equipment and advanced packaging solutions for the electronics industry.

Details of the startup:

  • Valuation:

    $4.66

    B (

    April 2020

    )

  • Country:

    China

  • City:

    Shenzhen

  • Started in:

    2004

  • Founders:

    No Data

  • Industries:

    Industrial Engineering, Manufacturing

  • Number of employees:

    10,000+

  • Funding Amount:

    CN¥2,700,000,000

  • Number of funding rounds:

    2

  • Number of investors:

    24

here

Carbon

Carbon

Carbon designs and delivers high tech polymer solutions for industries such as pharmaceuticals, energy cells, oil & gas, aerospace & defense, automotive, artificial intelligence, and more.

Details of the startup:

  • Valuation:

    $2.40

    B (

    August 2015

    )

  • Country:

    United States

  • City:

    Redwood City

  • Started in:

    2013

  • Founders:

    Dr. Joseph M. DeSimone, Philip DeSimone

  • Industries:

    3D Printing, Industrial Engineering, Manufacturing, Mechanical Engineering

  • Number of employees:

    250-500

  • Funding Amount:

    $682,000,000

  • Number of funding rounds:

    8

  • Number of investors:

    26

here

DJI

DJI

DJI is a world leader in developing, manufacturing, and selling easy-to-fly drones for aerial photography.

Details of the startup:

  • Valuation:

    $15.00

    B (

    January 2015

    )

  • Country:

    China

  • City:

    Shenzhen

  • Started in:

    2006

  • Founders:

    Frank Wang

  • Industries:

    Aerospace, Consumer Electronics, Drones, Manufacturing, Photography, Wireless

  • Number of employees:

    10,000+

  • Funding Amount:

    $105,000,000

  • Number of funding rounds:

    3

  • Number of investors:

    3

here

Fanatics

Fanatics

Fanatics is a worldwide leader in licensed sports merchandise and fan gear, including jerseys, t-shirts, hats, and much more.

Details of the startup:

  • Valuation:

    $12.80

    B (

    June 2012

    )

  • Country:

    United States

  • City:

    Jacksonville

  • Started in:

    1995

  • Founders:

    Alan Trager, Michael Rubin, Mitch Trager

  • Industries:

    Manufacturing, Retail, Sporting Goods, Sports

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $2,365,000,000

  • Number of funding rounds:

    7

  • Number of investors:

    15

here

GP Club

GP Club

GP Club, one of the leading cosmetics manufacturing and distribution companies, offers a wide range of products in the health and beauty industry.

Details of the startup:

  • Valuation:

    $1.32

    B (

    October 2018

    )

  • Country:

    South Korea

  • City:

    Seoul

  • Started in:

    2003

  • Founders:

    Jung-Woong Kim

  • Industries:

    Beauty, Cosmetics, Lifestyle, Manufacturing

  • Number of employees:

    100-250

  • Funding Amount:

    $67,000,000

  • Number of funding rounds:

    1

  • Number of investors:

    1

here

Hesai Technology

Hesai Technology

Hesai has designed the first fully-autonomous radar based on laser-microwave technology that accurately detects moving obstacles and recognizes static obstacles with the highest accuracy.

Details of the startup:

  • Valuation:

    $1.05

    B (

    August 2020

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2013

  • Founders:

    Kai Sun, Shaoqing Xiang, Yifan Li

  • Industries:

    Autonomous Vehicles, Laser, Manufacturing, Sensor, Transportation

  • Number of employees:

    500-1,000

  • Funding Amount:

    $231,151,155

  • Number of funding rounds:

    7

  • Number of investors:

    11

here

HMD

HMD

HMD designs and produces quality mobile phones. They combine advanced tech with excellent quality for the best possible user experience.

Details of the startup:

  • Valuation:

    $1.00

    B (

    May 2018

    )

  • Country:

    Finland

  • City:

    Helsinki

  • Started in:

    2016

  • Founders:

    Jean-Francois Baril

  • Industries:

    Consumer Electronics, Customer Service, Manufacturing, Mobile Devices, Product Design

  • Number of employees:

    500-1,000

  • Funding Amount:

    $330,000,000

  • Number of funding rounds:

    2

  • Number of investors:

    6

here

InSightec

InSightec

InSightec develops and manufactures MR-guided Focused Ultrasound devices for image-guided acoustic surgery. Their technology is based on patented Focused Ultrasound principles, and was designed to replace surgery.

Details of the startup:

  • Valuation:

    $1.30

    B (

    March 2020

    )

  • Country:

    Israel

  • City:

    Tirat Carmel

  • Started in:

    1999

  • Founders:

    Kobi Vortman

  • Industries:

    Biotechnology, Health Care, Manufacturing, Medical Device, Therapeutics

  • Number of employees:

    250-500

  • Funding Amount:

    $496,900,000

  • Number of funding rounds:

    8

  • Number of investors:

    8

here

Leapmotor

Leapmotor

Leapmotor is poised to become a leading brand in China’s burgeoning electric vehicle market.

Details of the startup:

  • Valuation:

    $1.01

    B (

    November 2018

    )

  • Country:

    China

  • City:

    Hangzhou

  • Started in:

    2015

  • Founders:

    Fu Liquan, Zhu Jiangming

  • Industries:

    Automotive, Electric Vehicle, Energy, Manufacturing

  • Number of employees:

    500-1,000

  • Funding Amount:

    $1,067,748,548

  • Number of funding rounds:

    4

  • Number of investors:

    12

here

NJOY

NJOY

NJOY is a producer and distributor of former smokers' products, specifically electronic cigarettes for adult smokers.

Details of the startup:

  • Valuation:

    $1.70

    B (

    January 2020

    )

  • Country:

    United States

  • City:

    Scottsdale

  • Started in:

    2006

  • Founders:

    Craig Weiss, Mark Weiss

  • Industries:

    Consumer Electronics, Electronics, Leisure, Lifestyle, Manufacturing

  • Number of employees:

    100-250

  • Funding Amount:

    $253,729,348

  • Number of funding rounds:

    7

  • Number of investors:

    8

here

Northvolt

Northvolt

Northvolt delivers clean energy by developing and recycling sustainable batteries for renewable power storage.

Details of the startup:

  • Valuation:

    $3.55

    B (

    June 2019

    )

  • Country:

    Sweden

  • City:

    Stockholm

  • Started in:

    2016

  • Founders:

    Paolo Cerruti, Peter Carlsson

  • Industries:

    Battery, Clean Energy, CleanTech, Electronics, Energy, Energy Storage, Manufacturing

  • Number of employees:

    500-1,000

  • Funding Amount:

    $3,290,092,593

  • Number of funding rounds:

    8

  • Number of investors:

    39

here

OCSiAl Group

OCSiAl Group

TORC enables the low-cost production of Graphene Nanotubes enabling new uses in consumer electronic, water purification, catalysis, and much more. Worldwide scaling has already been demonstrated. The market for this technology is estimated to be several billion dollars at its full potential.

Details of the startup:

  • Valuation:

    $1.00

    B (

    March 2019

    )

  • Country:

    Luxembourg

  • City:

    Luxembourg

  • Started in:

    2009

  • Founders:

    Mikhail Predtechenskiy, Oleg Kirillov, Yuriy Zelvenskiy, Yury Koropachinskiy

  • Industries:

    Industrial, Manufacturing, Nanotechnology

  • Number of employees:

    250-500

  • Funding Amount:

    $176,000,000

  • Number of funding rounds:

    13

  • Number of investors:

    4

here

Ola Electric

Ola Electric

Ola is a mobility platform and a ride-hailing company providing intercity transport for customers.

Details of the startup:

  • Valuation:

    $1.00

    B (

    July 2019

    )

  • Country:

    India

  • City:

    Bengaluru

  • Started in:

    2017

  • Founders:

    Anand Shah, Ankit Jain

  • Industries:

    Automotive, Electric Vehicle, Manufacturing, Marketing, Sales

  • Number of employees:

    250-500

  • Funding Amount:

    $307,338,821

  • Number of funding rounds:

    5

  • Number of investors:

    7

here

Promasidor

Promasidor

Promasidor is Africa’s leading manufacturer and supplier of seasonings and processed foods. Its brands are well-established household names, recognized for high quality.

Details of the startup:

  • Valuation:

    $1.59

    B (

    November 2016

    )

  • Country:

    South Africa

  • City:

    Bryanston

  • Started in:

    1979

  • Founders:

    Robert Rose

  • Industries:

    Consumer Goods, Food and Beverage, Manufacturing

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $532,000,000

  • Number of funding rounds:

    2

  • Number of investors:

    2

here

Proterra

Proterra

Proterra is revolutionizing transit with battery-electric bus solutions that reduce operating costs, increase passenger capacity, and provide a better ride.

Details of the startup:

  • Valuation:

    $1.05

    B (

    October 2020

    )

  • Country:

    United States

  • City:

    Burlingame

  • Started in:

    2004

  • Founders:

    Dale Hill, Ryan Popple

  • Industries:

    Automotive, Battery, Energy Storage, Manufacturing

  • Number of employees:

    250-500

  • Funding Amount:

    $679,760,700

  • Number of funding rounds:

    16

  • Number of investors:

    35

here

Relativity Space

Relativity Space

Relativity Space is a US-based aerospace company that specializes in building 3D printed rockets.

Details of the startup:

  • Valuation:

    $2.30

    B (

    November 2020

    )

  • Country:

    United States

  • City:

    Long Beach

  • Started in:

    2016

  • Founders:

    Jordan Noone, Tim Ellis

  • Industries:

    3D Technology, Aerospace, Artificial Intelligence, Manufacturing, Supply Chain Management

  • Number of employees:

    250-500

  • Funding Amount:

    $685,720,000

  • Number of funding rounds:

    5

  • Number of investors:

    37

here

Rivian

Rivian

Rivian designs, develops and sells high-performance, electric driving vehicles to advance the Shift.

Details of the startup:

  • Valuation:

    $27.60

    B (

    September 2019

    )

  • Country:

    United States

  • City:

    Plymouth

  • Started in:

    2009

  • Founders:

    Robert J. Scaringe

  • Industries:

    Automotive, Electric Vehicle, Manufacturing, Transportation

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $8,201,250,000

  • Number of funding rounds:

    9

  • Number of investors:

    14

here

Royole Corporation

Royole Corporation

Royole develops advanced display technology for next-generation AR devices and smart devices.

Details of the startup:

  • Valuation:

    $6.00

    B (

    August 2015

    )

  • Country:

    United States

  • City:

    Fremont

  • Started in:

    2012

  • Founders:

    Bill Liu

  • Industries:

    Electronics, Manufacturing, Mobile Devices

  • Number of employees:

    500-1,000

  • Funding Amount:

    $1,052,000,000

  • Number of funding rounds:

    7

  • Number of investors:

    15

here

Sila Nanotechnologies

Sila Nanotechnologies

Sila Nanotechnologies is an industry leader in the manufacturing of higher purity lithium ion batteries that result in enhanced performance for EV’s.

Details of the startup:

  • Valuation:

    $3.30

    B (

    April 2019

    )

  • Country:

    United States

  • City:

    Alameda

  • Started in:

    2011

  • Founders:

    Alex Jacobs, Gene Berdichevsky, Gleb Yushin, Mike Speiser

  • Industries:

    Electronics, Manufacturing, Nanotechnology

  • Number of employees:

    100-250

  • Funding Amount:

    $875,000,000

  • Number of funding rounds:

    4

  • Number of investors:

    13

here

SmartMi International Limited

SmartMi International Limited

SmartMi International is a leading Chinese manufacturer of smart home appliances, including smart refrigerators and smart air purifiers.

Details of the startup:

  • Valuation:

    $1

    B (

    July 2016

    )

  • Country:

    China

  • City:

    Beijing

  • Started in:

    2014

  • Founders:

    Su Jun

  • Industries:

    Home Improvement, Manufacturing, Smart Building, Smart Home

  • Number of employees:

    10-50

  • Funding Amount:

    $50,000,000

  • Number of funding rounds:

    3

  • Number of investors:

    3

here

SpaceX

SpaceX

SpaceX is space technology company involved in aerospace manufacturing, design of rockets and spacecraft.

Details of the startup:

  • Valuation:

    $74.00

    B (

    December 2012

    )

  • Country:

    United States

  • City:

    Hawthorne

  • Started in:

    2002

  • Founders:

    Elon Musk

  • Industries:

    Aerospace, Manufacturing, Space Travel, Transportation

  • Number of employees:

    5,000-10,000

  • Funding Amount:

    $7,460,112,010

  • Number of funding rounds:

    39

  • Number of investors:

    39

here

Svolt Energy Technology Co.

Svolt Energy Technology Co.

SVOLT (Silicon Valley Organization of Lithium Technologies) is a Silicon Valley-based lithium battery technology company that offers electric vehicle (EV) materials, cells, modules, packs, systems and BMS to drive the EV revolution.

Details of the startup:

  • Valuation:

    $1.27

    B (

    February 2021

    )

  • Country:

    China

  • City:

    Baoding

  • Started in:

    2016

  • Founders:

    No Data

  • Industries:

    Battery, Electric Vehicle, Energy, Energy Storage, Manufacturing

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    CN¥4,500,000,000

  • Number of funding rounds:

    2

  • Number of investors:

    8

here

United Imaging Healthcare

United Imaging Healthcare

United Imaging Healthcare is a manufacturer of medical equipment and treatments for the healthcare industry.

Details of the startup:

  • Valuation:

    $5.00

    B (

    September 2017

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2011

  • Founders:

    Daniel Mou

  • Industries:

    Health Care, Health Diagnostics, Manufacturing, Medical, Medical Device

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    CN¥3,300,000,000

  • Number of funding rounds:

    1

  • Number of investors:

    5

here

WM Motor

WM Motor

WM Motor is an all-electric company that designs, builds, and markets super safe zero emissions vehicles.

Details of the startup:

  • Valuation:

    $5.00

    B (

    March 2019

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2015

  • Founders:

    Bin Lu, Hui Shen, Ligang Du

  • Industries:

    Automotive, Autonomous Vehicles, Electric Vehicle, Manufacturing

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $4,859,399,622

  • Number of funding rounds:

    6

  • Number of investors:

    24

here

YinLong Group

YinLong Group

YinLong Group is a technology industry leader in the manufacturing and supplying lithium batteries, materials, and tools for use in electric vehicles.

Details of the startup:

  • Valuation:

    $1.50

    B (

    December 2016

    )

  • Country:

    China

  • City:

    Zhuhai

  • Started in:

    2008

  • Founders:

    Yincang Wei

  • Industries:

    Automotive, Battery, Energy, Manufacturing, Public Transportation

  • Number of employees:

    1-10

  • Funding Amount:

    $432,000,000

  • Number of funding rounds:

    1

  • Number of investors:

    2

here

Youxia Motors

Youxia Motors

Youxia Motors is a niche EV manufacturer that provides high quality production and a wide range of services.

Details of the startup:

  • Valuation:

    $3.35

    B (

    April 2018

    )

  • Country:

    China

  • City:

    Minhang

  • Started in:

    2014

  • Founders:

    Will Lee

  • Industries:

    Automotive, Electric Vehicle, Industrial Design, Manufacturing

  • Number of employees:

    100-250

  • Funding Amount:

    $1,334,520,263

  • Number of funding rounds:

    4

  • Number of investors:

    5

here
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