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Download The List of the 100 Highest-Valued Unicorns

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The Founder's Handbook

Top 39 Manufacturing Unicorns in 2024

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The Manufacturing industry is filled with successful companies that have raised millions of dollars in VC funding that came from some of the top investors in the world.

Many of these successes have turned into unicorns — private companies worth over $1 billion.

If you want to build the next unicorn in the Manufacturing space, these 39 companies should be your inspiration.

39 Manufacturing Unicorns Companies

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1) SpaceX

SpaceX

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

Details of the startup:

  • Valuation: $127.00B (December 2012)
  • Country: United States
  • State: California
  • City: Hawthorne
  • Started in: 2002
  • Founders: Elon Musk
  • Number of employees: 5,000-10,000
  • Funding: $383.02M
  • Funding rounds: 56
  • Number of investors: 60

You can find their website here.

2) 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: $31.00B (June 2012)
  • Country: United States
  • State: Florida
  • City: Jacksonville
  • Started in: 1995
  • Founders: Alan Trager, Michael G. Rubin, Mitch Trager
  • Number of employees: 1,000-5,000
  • Funding: $1,170.29M
  • Funding rounds: 8
  • Number of investors: 17

You can find their website here.

3) DJI Innovations

DJI Innovations

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

Details of the startup:

  • Valuation: $15.00B (January 2015)
  • Country: China
  • State: Guangdong
  • City: Shenzhen
  • Started in: 2006
  • Founders: Frank Wang
  • Number of employees: 10,000+
  • Funding: $1,135.00M
  • Funding rounds: 2
  • Number of investors: 3

You can find their website here.

4) Bitmain Technologies

Bitmain Technologies

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

Details of the startup:

  • Valuation: $12.00B (July 2018)
  • Country: China
  • State: Beijing
  • City: Beijing
  • Started in: 2013
  • Founders: Jihan Wu, Micree Zhan
  • Number of employees: 100-250
  • Funding: $450.00M
  • Funding rounds: 3
  • Number of investors: 14

You can find their website here.

5) Weilong

Weilong

Weilong Foods is a snack food brand that produces and manufactures spicy noodles, dried seafood, and other series of snack foods.

Details of the startup:

  • Valuation: $10.88B (May 2021)
  • Country: China
  • State: Henan
  • City: Luohe
  • Started in: 1999
  • Founders: Liu Fuping, Liu Weiping
  • Funding: $559.74M
  • Funding rounds: 1
  • Number of investors: 10

You can find their website here.

6) Northvolt

Northvolt

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

Details of the startup:

  • Valuation: $9.08B (June 2019)
  • Country: Sweden
  • City: Stockholm
  • Started in: 2016
  • Founders: Paolo Cerruti, Peter Carlsson
  • Number of employees: 1,000-5,000
  • Funding: $6,162.15M
  • Funding rounds: 9
  • Number of investors: 47

You can find their website here.

7) Ola Electric Mobility

Ola Electric Mobility

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

Details of the startup:

  • Valuation: $7.00B (July 2019)
  • Country: India
  • City: Bengaluru
  • Started in: 2019
  • Founders: Anand Shah, Ankit Jain, Bhavish Aggarwal
  • Number of employees: 1,000-5,000
  • Funding: $822.29M
  • Funding rounds: 9
  • Number of investors: 19

You can find their website here.

8) SVOLT

SVOLT

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: $6.51B (June 2020)
  • Country: China
  • State: Jiangsu
  • City: Changzhou
  • Started in: 2018
  • Number of employees: 5,000-10,000
  • Funding: $300.00M
  • Funding rounds: 4
  • Number of investors: 25

You can find their website here.

9) Royole Corporation

Royole Corporation

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

Details of the startup:

  • Valuation: $6.00B (August 2015)
  • Country: China
  • State: Guangdong
  • City: Shenzhen
  • Started in: 2012
  • Founders: Bill Liu
  • Number of employees: 500-1,000
  • Funding: $1,414.00M
  • Funding rounds: 7
  • Number of investors: 15

You can find their website here.

10) Relativity Space

Relativity Space

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

Details of the startup:

  • Valuation: $4.20B (November 2020)
  • Country: United States
  • State: California
  • City: Inglewood
  • Started in: 2016
  • Founders: Jordan Noone, Tim Ellis
  • Number of employees: 250-500
  • Funding: $1,385.14M
  • Funding rounds: 8
  • Number of investors: 51

You can find their website here.

11) Hozon Auto

Hozon Auto

Hozon is an electric vehicle startup that uses technology to develop intelligent electric vehicle models.

Details of the startup:

  • Valuation: $3.95B (October 2021)
  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2014
  • Founders: Yunzhou Fang, Zhang Yong
  • Number of employees: 250-500
  • Funding: $300.00M
  • Funding rounds: 6
  • Number of investors: 10

You can find their website here.

12) 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: $3.30B (April 2019)
  • Country: United States
  • State: California
  • City: Alameda
  • Started in: 2011
  • Founders: Alex Jacobs, Gene Berdichevsky, Gleb Yushin, Mike Speiser
  • Number of employees: 100-250
  • Funding: $240.25M
  • Funding rounds: 5
  • Number of investors: 13

You can find their website here.

13) Gokin Solar

Gokin Solar

Gokin Solar focuses on the research and development and production of high-efficiency large-size photovoltaic silicon wafers.

Details of the startup:

  • Valuation: $2.88B (April 2022)
  • Country: Japan
  • State: Kagoshima
  • City: China
  • Started in: 2019
  • Funding: $597.35M
  • Funding rounds: 3
  • Number of investors: 21

You can find their website here.

14) Zetwerk

Zetwerk

Zetwerk operates a business-to-business marketplace for manufacturing items.

Details of the startup:

  • Valuation: $2.68B (August 2021)
  • Country: India
  • City: Bengaluru
  • Started in: 2018
  • Founders: Amrit Acharya, Rahul Sharma, Srinath Ramakkrushnan, Vishal Chaudhary
  • Number of employees: 100-250
  • Funding: $656.67M
  • Funding rounds: 11
  • Number of investors: 22

You can find their website here.

15) SiFive

SiFive

SiFive is an open-source semiconductor technology and software automation platform.

Details of the startup:

  • Valuation: $2.50B (March 2022)
  • Country: United States
  • State: California
  • City: San Mateo
  • Started in: 2015
  • Founders: Krste Asanovic, Yunsup Lee
  • Number of employees: 251-500
  • Funding: $365.50M
  • Funding rounds: 6
  • Number of investors: 15

You can find their website here.

16) Beta Technologies

Beta Technologies

Beta Technologies creates electric vertical takeoff and landing (eVTOL) aircraft as well as charging pad systems.

Details of the startup:

  • Valuation: $2.40B (April 2022)
  • Country: United States
  • State: Vermont
  • City: South Burlington
  • Started in: 2017
  • Founders: Kyle Clark
  • Number of employees: 251-500
  • Funding: $886.00M
  • Funding rounds: 3
  • Number of investors: 4

You can find their website here.

17) 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: $2.40B (August 2015)
  • Country: United States
  • State: California
  • City: Redwood City
  • Started in: 2013
  • Founders: Dr. Joseph M. DeSimone, Philip DeSimone
  • Number of employees: 250-500
  • Funding: $1,352.60M
  • Funding rounds: 9
  • Number of investors: 29

You can find their website here.

18) Zume

Zume

Zume is a manufacturing technology company focused on food packaging with economically viable substitutes for plastic packaging.

Details of the startup:

  • Valuation: $2.25B (November 2018)
  • Country: United States
  • State: California
  • City: Mountain View
  • Started in: 2015
  • Founders: Alex Garden, Julia Collins
  • Number of employees: 100-250
  • Funding: $445.69M
  • Funding rounds: 7
  • Number of investors: 10

You can find their website here.

19) Hesai Tech

Hesai Tech

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: $2.18B (August 2020)
  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2013
  • Founders: Kai Sun, Shaoqing Xiang, Yifan Li
  • Number of employees: 500-1,000
  • Funding: $717.29M
  • Funding rounds: 9
  • Number of investors: 18

You can find their website here.

20) ROX Motor

ROX Motor

ROX Motor is a car-building project that specialises in off-road new energy vehicles.

Details of the startup:

  • Valuation: $2.00B (April 2022)
  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2021
  • Founders: Feng Yan, Jing Chang
  • Number of employees: 251-500
  • Funding: $420.00M
  • Funding rounds: 4
  • Number of investors: 5

You can find their website here.

21) Rimac Group

Rimac Group

Rimac Group combines advanced hypercars and high-performance electrification technologies for OEMS.

Details of the startup:

  • Valuation: $2.00B (June 2022)
  • Country: Croatia
  • State: Zagrebacka
  • City: Sveta Nedelja
  • Started in: 2009
  • Founders: Mate Rimac
  • Number of employees: 1001-5000
  • Funding: $875.77M
  • Funding rounds: 9
  • Number of investors: 10

You can find their website here.

22) Solugen

Solugen

Solugen is a specialty chemicals ​manufacturer creating chemistries that are safe, cost-effective, and environmentally-friendly.

Details of the startup:

  • Valuation: $2.00B (September 2021)
  • Country: United States
  • State: Texas
  • City: Houston
  • Started in: 2016
  • Founders: Gaurab Chakrabarti, Sean Hunt
  • Number of employees: 100-250
  • Funding: $443.07M
  • Funding rounds: 7
  • Number of investors: 23

You can find their website here.

23) OCSiAl

OCSiAl

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: $2.00B (March 2019)
  • Country: Luxembourg
  • City: Leudelange
  • Started in: 2012
  • Founders: Mikhail Predtechenskiy, Oleg Kirillov, Yuriy Zelvenskiy, Yury Koropachinskiy
  • Number of employees: 250-500
  • Funding: $5.00M
  • Funding rounds: 15
  • Number of investors: 6

You can find their website here.

24) Formlabs

Formlabs

Formlabs technologies are used by professionals to produce real-world models and functional prototypes via 3D printing.

Details of the startup:

  • Valuation: $2.00B (August 2018)
  • Country: United States
  • State: Massachusetts
  • City: Somerville
  • Started in: 2011
  • Founders: David Cranor, Maxim Lobovsky, Natan Linder
  • Number of employees: 500-1,000
  • Funding: $51.93M
  • Funding rounds: 9
  • Number of investors: 24

You can find their website here.

25) 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: $1.78B (April 2018)
  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2017
  • Founders: Fu Qiang, Gu Feng
  • Number of employees: 1,000-5,000
  • Funding: $100.00M
  • Funding rounds: 7
  • Number of investors: 5

You can find their website here.

26) Promasidor Holdings

Promasidor Holdings

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: $1.59B (November 2016)
  • Country: South Africa
  • City: Bryanston
  • Started in: 1979
  • Founders: Robert Rose
  • Number of employees: 1,000-5,000
  • Funding: $556.00M
  • Funding rounds: 2
  • Number of investors: 2

You can find their website here.

27) Rad Power Bikes

Rad Power Bikes

The largest electric bike company in North America. Red Power Bikes is making transportation more environmentally friendly, enjoyable, and accessible to all.

Details of the startup:

  • Valuation: $1.40B (October 2021)
  • Country: United States
  • State: Washington
  • City: Seattle
  • Started in: 2007
  • Founders: Mike Radenbaugh, Tyler Collins
  • Number of employees: 501-1000
  • Funding: $329.32M
  • Funding rounds: 5
  • Number of investors: 8

You can find their website here.

28) Epirus

Epirus

Epirus designs and builds high-powered microwave products for the defense and commercial sectors.

Details of the startup:

  • Valuation: $1.35B (February 2022)
  • Country: United States
  • State: California
  • City: Hawthorne
  • Started in: 2018
  • Founders: Bo Marr, Grant L. Verstandig, Joe Lonsdale, John Tenet, Max Mednik, Nathan Mintz
  • Number of employees: 100-250
  • Funding: $287.39M
  • Funding rounds: 4
  • Number of investors: 16

You can find their website here.

29) GPclub

GPclub

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: $1.32B (October 2018)
  • Country: South Korea
  • City: Seoul
  • Started in: 2003
  • Founders: Jung-Woong Kim
  • Number of employees: 100-250
  • Funding: $66.16M
  • Funding rounds: 1
  • Number of investors: 1

You can find their website here.

30) 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: $1.30B (March 2020)
  • Country: Israel
  • City: Tirat Carmel
  • Started in: 1999
  • Founders: Kobi Vortman
  • Number of employees: 250-500
  • Funding: $559.05M
  • Funding rounds: 10
  • Number of investors: 9

You can find their website here.

31) JMGO

JMGO

JMGO specialises in the research and development and production of smart projectors and laser TV.

Details of the startup:

  • Valuation: $1.26B (March 2022)
  • Country: China
  • State: Guangdong
  • City: Shenzhen
  • Started in: 2011
  • Founders: Chen Xingbo, Eric Hu
  • Number of employees: 11-50
  • Funding: $377.40M
  • Funding rounds: 5
  • Number of investors: 15

You can find their website here.

32) Source

Source

Source is a developer and manufacturer of solar-powered devices that extract drinkable water from the environment.

Details of the startup:

  • Valuation: $1.16B (April 2022)
  • Country: United States
  • State: Arizona
  • City: Scottsdale
  • Started in: 2014
  • Founders: Cody Friesen
  • Number of employees: 101-250
  • Funding: $364.41M
  • Funding rounds: 9
  • Number of investors: 15

You can find their website here.

33) Recover

Recover

Recover is a materials science company that produces low-impact, high-quality recycled cotton fibre and fibre blends around the world.

Details of the startup:

  • Valuation: $1.10B (June 2022)
  • Country: Spain
  • State: Comunidad Valenciana
  • City: Alicante
  • Started in: 1947
  • Number of employees: 51-100
  • Funding: $100.00M
  • Funding rounds: 1
  • Number of investors: 2

You can find their website here.

34) Leap Motor

Leap Motor

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

Details of the startup:

  • Valuation: $1.01B (November 2018)
  • Country: China
  • State: Zhejiang
  • City: Hangzhou
  • Started in: 2015
  • Founders: Fu Liquan, Zhu Jiangming
  • Number of employees: 500-1,000
  • Funding: $1,761.19M
  • Funding rounds: 4
  • Number of investors: 12

You can find their website here.

35) Vayyar

Vayyar

Vayyar is a 4D imaging radar manufacturer that offers solutions for senior care, automotive, security, smart home, and robotics.

Details of the startup:

  • Valuation: $1.00B (June 2022)
  • Country: Israel
  • State: HaMerkaz
  • City: Yehud
  • Started in: 2011
  • Founders: Miri Ratner, Naftali Chayat, Raviv Melamed
  • Number of employees: 251-500
  • Funding: $296.00M
  • Funding rounds: 5
  • Number of investors: 14

You can find their website here.

36) VulcanForms

VulcanForms

VulcanForms empowers critical industries to innovate, grow, and have a long-term impact.

Details of the startup:

  • Valuation: $1.00B (July 2022)
  • Country: United States
  • State: Massachusetts
  • City: Burlington
  • Started in: 2015
  • Founders: A. John Hart, Martin C. Feldmann
  • Number of employees: 251-500
  • Funding: $355.00M
  • Funding rounds: 5
  • Number of investors: 9

You can find their website here.

37) Divergent

Divergent

Divergent is a company that is working to reform industrial-scale manufacturing by creating an end-to-end digital production system.

Details of the startup:

  • Valuation: $1.00B (April 2022)
  • Country: United States
  • State: California
  • City: Torrance
  • Started in: 2013
  • Founders: Kevin Czinger
  • Number of employees: 101-250
  • Funding: $428.00M
  • Funding rounds: 5
  • Number of investors: 16

You can find their website here.

38) Augury

Augury

Augury delivers machine health diagnostics to assist in reducing downtime and strengthening supply chain resilience.

Details of the startup:

  • Valuation: $1.00B (October 2021)
  • Country: United States
  • State: New York
  • City: New York
  • Started in: 2011
  • Founders: Gal Shaul, Saar Yoskovitz
  • Number of employees: 100-250
  • Funding: $294.00M
  • Funding rounds: 7
  • Number of investors: 16

You can find their website here.

39) HMD Global

HMD Global

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: $1.00B (May 2018)
  • Country: Finland
  • City: Espoo
  • Started in: 2016
  • Founders: Jean-Francois Baril
  • Number of employees: 500-1,000
  • Funding: $330.00M
  • Funding rounds: 2
  • Number of investors: 6

You can find their website here.

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