Total amount raised
$5.1 Billion
Latest funding date
11/01/2024
Location
Vinfast has successfully navigated eight funding rounds, with its latest being a Post-IPO Debt round led by MUFG Bank. The company has attracted a total of 12 investors, including notable names like MUFG Bank and Barclays.
Keep reading to explore the intricacies of Vinfast's fundraising journey and the investors backing this innovative electric vehicle manufacturer.
What Is Vinfast?
Vinfast, based in Hai Phong, Vietnam, is a prominent player in the automotive and electric vehicle industries. The company specializes in manufacturing electric scooters and buses aimed at reducing carbon emissions. With a workforce exceeding 10,000 employees, Vinfast is a significant entity in the industrial manufacturing and transportation sectors.
As part of the Vingroup conglomerate, Vinfast is dedicated to promoting green transportation solutions. The company has successfully raised funds through multiple rounds, attracting notable investors such as MUFG Bank and Barclays. Vinfast continues to innovate and expand its offerings, contributing to the global shift towards sustainable mobility.
How Much Funding Has Vinfast Raised?
- Post-IPO Debt
- Amount Raised: USD 100,000,000
- Date: September 2025
- Lead Investors: MUFG Bank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional capital for operational expansion and market penetration.
- Post-IPO Debt
- Amount Raised: USD 150,000,000
- Date: September 2025
- Lead Investors: Barclays
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To bolster financial stability and support ongoing projects.
- Post-IPO Debt
- Amount Raised: USD 510,000,000
- Date: July 2025
- Lead Investors: Deutsche Bank, SeaTown Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund international expansion and enhance production capabilities.
- Post-IPO Debt
- Amount Raised: USD 125,000,000
- Date: May 2025
- Lead Investors: Bank Negara Indonesia
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth in the Southeast Asian market.
- Post-IPO Equity
- Amount Raised: USD 3,500,000,000
- Date: November 2024
- Lead Investors: Pham Vuong
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide financial resources for operations, investments, and achieving break-even by 2026.
- Grant
- Amount Raised: USD 500,000,000
- Date: April 2023
- Lead Investors: VINGroup
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support research and development initiatives.
- Debt Financing
- Amount Raised: USD 1,000,000,000
- Date: April 2023
- Lead Investors: VINGroup
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance production capacity and scale operations.
- Debt Financing
- Amount Raised: USD 135,000,000
- Date: October 2022
- Lead Investors: Asian Development Bank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's initial market entry and production setup.
Total Amount Raised: USD 5,020,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- MUFG Bank
- Details: MUFG Bank is a major financial institution based in Japan. It participated in the Post-IPO Debt funding round for Vinfast.
- Investment Focus Areas: Banking, financial services, investment management.
- Notable Investments: Vinfast, Grab, Mitsubishi Corporation.
- Barclays
- Details: Barclays is a British multinational investment bank and financial services company. It participated in the Post-IPO Debt funding round for Vinfast.
- Investment Focus Areas: Banking, investment banking, wealth management.
- Notable Investments: Vinfast, Uber, Tesla.
- Deutsche Bank
- Details: Deutsche Bank is a leading global investment bank based in Germany. It participated in the Post-IPO Debt funding round for Vinfast.
- Investment Focus Areas: Investment banking, asset management, private banking.
- Notable Investments: Vinfast, N26, Delivery Hero.
- Vingroup
- Details: Vingroup is Vietnam’s largest private conglomerate. It has provided significant financial support to Vinfast.
- Investment Focus Areas: Real estate, retail, healthcare.
- Notable Investments: Vinfast, Vincom, Vinpearl.
- Pham Nhat Vuong
- Details: Pham Nhat Vuong is the Chairman of Vingroup and a major shareholder in Vinfast. He has personally pledged substantial financial support to Vinfast.
- Investment Focus Areas: Real estate, retail, technology.
- Notable Investments: Vinfast, Vincom, Vinpearl.
What's Next for Vinfast?
Vinfast is poised for significant growth, backed by a $3.5 billion financial commitment from Vingroup and Pham Nhat Vuong. This funding will support their expansion into international markets, including the US, Canada, and Europe, and shift their distribution model to dealerships. With a manufacturing capacity of 300,000 vehicles per year, Vinfast aims to become a leading global automotive brand.
Future fundraising opportunities are likely as Vinfast remains committed to independently raising capital. Vingroup may also strategically divest certain investments to provide additional funding. However, challenges such as achieving break-even by 2026 and maintaining financial health while expanding globally remain. The growing global shift towards electric mobility and increasing demand for eco-friendly vehicles present both opportunities and competition in the international EV market.
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