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The Full List of 113 Manufacturing Unicorn Startups (2026)

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The manufacturing sector includes 113 unicorn startups from around the world. These companies cover everything from advanced electronics to space exploration.

Aerospace company SpaceX leads the group with a $400B valuation. Meanwhile, semiconductor maker Yangtze Memory Technologies has reached a $23B valuation since its founding in 2016.

Below is the full list of 113 Manufacturing unicorn startups at this time.

Top 10 Most Valuable Manufacturing Unicorns

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SpaceX designs, manufactures, and launches advanced rockets and spacecraft, including its reusable Falcon family of launch vehicles. They are focused on revolutionizing space technology to make human life multi-planetary.

Valuation$400B (Joined December 2012)
HeadquartersHawthorne, California, United States
Year Founded2002
FoundersElon Musk
Funding Amount$11.8B
Company SizeEnterprise Organization (5,001+)
Last Funding StatusVenture Round
Top InvestorsSequoia Capital, Founders Fund, Craft Ventures, Valor Equity Partners, Andreessen Horowitz

Fanatics manufactures and sells official sports merchandise through its global e-commerce platform. By partnering with the world's biggest sports leagues, they have become the leading online retailer for licensed fan gear.

Valuation$31B (Joined June 2012)
HeadquartersJacksonville, Florida, United States
Year Founded2002
FoundersAlan Trager, Jason Watkins, Josh Luber, Michael Rubin, Mitch Trager
Funding Amount$4.9B
Company SizeEnterprise Organization (5,001+)
Last Funding StatusPrivate Equity
Top InvestorsAndreessen Horowitz, Franklin Templeton, Bank of America, Insight Partners, BlackRock

Yangtze Memory Technologies specializes in producing NAND flash memory chips, the core technology behind modern data storage solutions. They are known for their proprietary 3D NAND architecture, which enables higher density and performance in products like SSDs and smartphones.

Valuation$23B
HeadquartersWuhan, Hubei, China
Year Founded2016
FoundersSimon Yang
Funding AmountCN¥50.6B
Company SizeEnterprise Organization (5,001+)
Last Funding StatusUndisclosed
Top InvestorsHubei Changsheng Development, Wuhu Wenming Quanhong Investment Management, Changjiang Industrial Investment Group, China Integrated Circuit Industry Investment Fund (CICF)

ChangXin Memory Technologies specializes in the design and production of dynamic random-access memory (DRAM) chips. As a major producer in the semiconductor space, their products are critical components for everything from personal computers to large-scale data centers.

Valuation$19B
HeadquartersHefei, Anhui, China
Year Founded2016
Founders
Funding AmountCN¥34.3B
Company SizeEnterprise Organization (5,001+)
Last Funding StatusVenture Round
Top InvestorsChina Integrated Circuit Industry Investment Fund (CICF), Alibaba Group, Walden International, Greater Bay Area Homeland Development Fund, Tencent

Bitmain designs and manufactures high-performance computing chips and software for the cryptocurrency industry. Their Antminer brand is a world-leading producer of servers used for mining digital currencies.

Valuation$15B
HeadquartersBeijing, Beijing, China
Year Founded2013
FoundersJihan Wu, Micree Zhan
Funding Amount$764.7M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries B
Top InvestorsIDG Capital, HSG, Coatue, Temasek Holdings, Huangpu River Capital

GAC Aion New Energy Automobile manufactures electric vehicles. They also offer a suite of new energy products and services to support the EV ecosystem.

Valuation$14B
HeadquartersGuangzhou, Guangdong, China
Year Founded2017
Founders
Funding AmountCN¥18.3B
Company SizeNo Data
Last Funding StatusSeries A
Top InvestorsGoldStone Investment, Yingke Capital, Shenzhen Capital Group, China Southern Power Grid, Guangzhou Automobile Group

Northvolt builds sustainable lithium-ion batteries for the electric vehicle, industrial, and energy storage markets. They are pioneering a new approach to battery manufacturing with a strong focus on clean energy and recycling to deliver the world's greenest battery.

Valuation$12B
HeadquartersStockholm, Stockholms Lan, Sweden
Year Founded2016
FoundersHarald Mix, Nikolai V Gourine, Paolo Cerruti, Peter Carlsson
Funding Amount$13.8B
Company SizeEnterprise Organization (5,001+)
Last Funding StatusPrivate Equity
Top InvestorsBlackRock, European Investment Bank, Bpifrance, BNP Paribas, Goldman Sachs

AESC develops and manufactures high-performance lithium-ion batteries for electric vehicles. Their technology also powers large-scale energy storage systems, making them a key player in the global transition to sustainable energy.

Valuation$10B
HeadquartersSagamihara, Kanagawa, Japan
Year Founded2007
Founders
Funding Amount$1.4B
Company SizeEnterprise Organization (5,001+)
Last Funding StatusCorporate Round
Top InvestorsSumitomo Mitsui Banking Corporation, National Wealth Fund, European Commission, Nissan Motor

As the electric vehicle subsidiary of Tata Motors, Tata Passenger Electric Mobility develops and manufactures a range of passenger EVs for the Indian market. They are leading the country's transition to electric mobility with popular models and a focus on building out a complete charging ecosystem.

Valuation$9B
HeadquartersAndheri, Maharashtra, India
Year Founded2021
Founders
Funding Amount₹75B
Company SizeLean Team (11-50)
Last Funding StatusVenture Round
Top InvestorsTPG Rise Climate Fund

Flock Safety builds license plate reading cameras that help communities and law enforcement solve crime. Their public safety platform provides evidence for investigations and sends real-time alerts when a wanted vehicle is detected.

Valuation$8B (Joined July 2021)
HeadquartersAtlanta, Georgia, United States
Year Founded2017
FoundersGarrett Langley, Matt Feury
Funding Amount$655.6M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries F
Top InvestorsY Combinator, Founders Fund, Tiger Global Management, Andreessen Horowitz, Spark Capital

The Remaining 103 Manufacturing Unicorns

The top 10 companies get a lot of attention, but they're just the tip of the iceberg. Many more manufacturing startups are growing quickly, with most based in either China or the United States.

These companies are building the next generation of products, from electric car batteries to 3D-printed rockets. Here’s a look at the other unicorns shaping the future of how things are made.

Unicorn StartupCountryYear FoundedAmount RaisedValuation
DJI logo DJIChina2006$107.8M$8B
SVOLT logo SVOLTChina2018CN¥20.8B$6.51B
GTA Semiconductor logo GTA SemiconductorChina2017CN¥22B$6B
Changxin New Bridge logo Changxin New BridgeChina2021CN¥14.6B$6B
Sierra Space logo Sierra SpaceUnited States2021$1.7B$5B
United Imaging Healthcare logo United Imaging HealthcareChina2011CN¥3.3B$5B
Royole Corporation logo Royole CorporationChina2012$1.1B$5B
Sunwoda Electric Vehicle Battery logo Sunwoda Electric Vehicle BatteryChina2014CN¥16.1B$5B
Relativity Space logo Relativity SpaceUnited States2015$1.4B$4.2B
Saronic logo SaronicUnited States2022$845.5M$4B
Hithium Energy Storage logo Hithium Energy StorageChina2019CN¥6.5B$4B
Hozon logo HozonChina2014CN¥26.4B$4B
Voyah logo VoyahChina2019CN¥5B$4B
Zhiji Auto logo Zhiji AutoChina2020CN¥12.4B$4B
Sila logo SilaUnited States2011$1.4B$3.3B
Zetwerk logo ZetwerkIndia2018$882M$3.1B
Beta Technologies logo Beta TechnologiesUnited States2017$1.8B$3B
Avatr logo AvatrChina2018$2.3B$3B
Sinovac Life Sciences logo Sinovac Life SciencesChina2009$500M$3B
SiFive logo SiFiveUnited States2015$365.5M$3B
Zhizi Automobile logo Zhizi AutomobileChina2022CN¥1.1B$3B
Zhuzhou CRRC Times Semiconductor logo Zhuzhou CRRC Times SemiconductorChina2019CN¥5.1B$3B
Fujian Deer Technology logo Fujian Deer TechnologyChina2014CN¥3.2B$3B
Gokin Solar logo Gokin SolarChina2019CN¥4.1B$2.88B
Carbon logo CarbonUnited States2013$683.4M$2.4B
Unitree Robotics logo Unitree RoboticsChina2016$263.6M$2B
Axiom Space logo Axiom SpaceUnited States2016$500M$2B
The Bot Company logo The Bot CompanyUnited States2024$300M$2B
Divergent logo DivergentUnited States2013$1.1B$2B
Formlabs logo FormlabsUnited States2011$253.7M$2B
Rad Power Bikes logo Rad Power BikesUnited States2007$329.3M$2B
Ascend Elements logo Ascend ElementsUnited States2015$1.8B$2B
Rimac Group logo Rimac GroupCroatia2009$875.8M$2B
PAX Labs logo PAX LabsUnited States2007$2.5B$2B
Beijing Weilan New Energy Technology logo Beijing Weilan New Energy TechnologyChina2016CN¥2.1B$2B
Molbio Diagnostics logo Molbio DiagnosticsIndia2000$117.5M$2B
OCSiAl Group logo OCSiAl GroupLuxembourg2009$270M$2B
AIWAYS logo AIWAYSChina2017CN¥5.2B$2B
ROX Motor logo ROX MotorChina2021$1.4B$2B
Solugen logo SolugenUnited States2016$855.8M$2B
Runpeng Semiconductor logo Runpeng SemiconductorChina2022CN¥15B$2B
Chunqing Technology logo Chunqing TechnologyChina2021$435M$2B
SJ Semi logo SJ SemiChina2014$1.6B$2B
Sineva logo SinevaChina2013CN¥1.7B$2B
YinLong Group logo YinLong GroupChina2008$432M$2B
Zhenkunxing logo ZhenkunxingChina1998$999.3M$2B
Vital Thin Film Materials logo Vital Thin Film MaterialsChina2017CN¥5.7B$2B
JOLED logo JOLEDJapan2015¥92.5B$2B
SFCC logo SFCCChina2016CN¥5.6B$2B
ESWIN Computing logo ESWIN ComputingChina2016CN¥7.5B$2B
Tianyu Semiconductor logo Tianyu SemiconductorChina2009CN¥1.2B$2B
Meril Life logo Meril LifeIndia2006₹15B$2B
Vayyar logo VayyarIsrael2011$296M$2B
Kunlun logo KunlunChina2021$2B
Astronergy logo AstronergyChina2006CN¥3.9B$1.82B
Ouyeel logo OuyeelChina2016$467.7M$1.45B
Rebellions logo RebellionsSouth Korea2020$457.7M$1.4B
Epirus logo EpirusUnited States2018$537.6M$1.35B
Lyten logo LytenUnited States2015$367M$1.33B
JMGO logo JMGOChina2011$378.6M$1.26B
Recover logo RecoverSpain1947$100M$1.1B
B&C Chemical logo B&C ChemicalChina2010CN¥900M$1.02B
Agibot logo AgibotChina2023CN¥600M$1B
Quantum Systems logo Quantum SystemsGermany2015$388.4M$1B
Also logo AlsoUnited States2025$305M$1B
Apex logo ApexUnited States2022$522M$1B
Halter logo HalterNew Zealand2016$198.8M$1B
Isar Aerospace logo Isar AerospaceGermany2018$614.6M$1B
HMD logo HMDFinland2016$330M$1B
24M Technologies logo 24M TechnologiesUnited States2010$184.8M$1B
Substrate logo SubstrateUnited States2021$100M$1B
Galaxy Bot logo Galaxy BotChina2023CN¥2.3B$1B
Turntide Technologies logo Turntide TechnologiesUnited States2013$491.5M$1B
Ohmium logo OhmiumUnited States2019$297M$1B
Ultragreen.ai logo Ultragreen.aiSingapore2024$188M$1B
ProLogium Technology logo ProLogium TechnologyTaiwan2006$537.5M$1B
Aragen Life Sciences logo Aragen Life SciencesIndia2001$184.2M$1B
Silicon Box logo Silicon BoxSingapore2021$1.9B$1B
Verkor logo VerkorFrance2020$3.8B$1B
VulcanForms logo VulcanFormsUnited States2015$355M$1B
SmartMore Corporation Limited logo SmartMore Corporation LimitedChina2019$300M$1B
Bluepha logo BluephaChina2016CN¥2B$1B
RootCloud logo RootCloudChina2016CN¥1.3B$1B
Belief BioMed logo Belief BioMedChina2018$204M$1B
Anhui YOFC Advanced Semiconductor logo Anhui YOFC Advanced SemiconductorChina2018CN¥3.8B$1B
Ninebot logo NinebotChina2012$247M$1B
Boom Supersonic logo Boom SupersonicUnited States2014$432.5M$1B
JLSemi logo JLSemiChina2009$90M$1B
TBM logo TBMJapan2011¥22.6B$1B
CanSemi logo CanSemiChina2017$980.7M$1B
United Aircraft logo United AircraftChina2006CN¥3.2B$1B
GP Club logo GP ClubSouth Korea2003$67M$1B
Yuze Semiconductor logo Yuze SemiconductorChina2019CN¥1.2B$1B
Zhaogang.com logo Zhaogang.comChina2012$379.4M$1B
Fullcryo logo FullcryoChina2016CN¥1.1B$1B
MicroPort CardioFlow logo MicroPort CardioFlowChina2015$130M$1B
Scivita Medical Technology logo Scivita Medical TechnologyChina2016CN¥800M$1B
New Leshi Smart Home logo New Leshi Smart HomeChina2012CN¥11.3B$1B
SmartMi International Limited logo SmartMi International LimitedChina2014$50M$1B
Yunyinggu logo YunyingguChina2012$121.1M$1B
Unicorn StartupCountryYear FoundedAmount RaisedValuation
Innovusion logo InnovusionUnited States2016$278M$1B
BYD Semiconductor logo BYD SemiconductorChina2004CN¥2.7B$1B
Rong Semiconductor logo Rong SemiconductorChina2021$1B
Keyuan Petrochemicals logo Keyuan PetrochemicalsChina2017$1B

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