Company:QuantumScape
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| Type | Public |
|---|---|
| ISIN | [https://handwiki.org/wiki/index.php?title=Toollabs:isin/&language=en&isin=US74767V1098 US74767V1098] |
| Industry | Electric batteries |
| Founded | May 14, 2010 at Stanford University |
| Founders |
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| Headquarters | San Jose, California, U.S. |
Key people | Jagdeep Singh (CEO) |
Number of employees | 850 (2023)[1] |
| Website | {{{1}}} |
QuantumScape is an American company that develops solid state lithium metal batteries for electric cars. The company is headquartered in San Jose, California and employs around 850 people.[1] Investors include Bill Gates and Volkswagen.[2]
History
QuantumScape was founded in 2010 by Jagdeep Singh, Tim Holme and Professor Fritz Prinz of Stanford University.[3] In 2012, QuantumScape began working with German automaker Volkswagen.
In 2018, Volkswagen invested $100 million in the company, becoming the largest shareholder. In the same year, Volkswagen and QuantumScape announced the establishment of a joint production project to prepare for mass production of solid state batteries.[2] In June 2020, Volkswagen invested an additional $200 million.[4]
In 2020, QuantumScape merged with the special-purpose acquisition company Kensington Capital Acquisition. As a result of the merger, QuantumScape received $1 billion in financing, from investors including Volkswagen and the Qatar Investment Authority.[2] At the same time, the company's shares listed on the New York Stock Exchange under the symbol QS.[5] In the last quarter of 2020, QuantumScape briefly surpassed the valuation of Ford Motor Co. without a commercial product and without revenue.[6]
On April 15, 2021, hedge fund Scorpion Capital announced their short position in the stock, labeling the company a pump-and-dump scheme.[7]
On June 26, 2022, the company announced the production of a solid-state battery with a range of 650 km and a charge time of 15 minutes.[8]
References
- ↑ 1.0 1.1 "Q2 FISCAL 2021 LETTER TO SHAREHOLDERS". QuantumScape. July 27, 2021. https://s26.q4cdn.com/263384136/files/doc_financials/2021/q2/QS-Shareholder-Letter-Q2-07272021-v4.pdf.
- ↑ 2.0 2.1 2.2 Wayland, Michael (September 3, 2020). "Bill Gates-backed vehicle battery supplier to go public through SPAC deal" (in en). CNBC. https://www.cnbc.com/2020/09/03/bill-gates-backed-ev-battery-supplier-to-go-public-through-spac-deal.html.
- ↑ "QuantumScape Corp". https://www.bloomberg.com/profile/company/0561526D:US.
- ↑ Philipp K (September 4, 2020). "VW-Partner QuantumScape geht an die US-Börse" (in de-DE). https://www.electrive.net/2020/09/04/vw-partner-quantumscape-geht-an-die-us-boerse/.
- ↑ Ambrogio Visconti (September 7, 2020). "QuantumScape's Merger With Kensington Capital Acquisition Corp – Global Legal Chronicle" (in en-US). https://www.globallegalchronicle.com/quantumscapes-merger-with-kensington-capital-acquisition-corp/.
- ↑ Akshat Rathi (April 14, 2021). "QuantumScape says its technology is ready to move from the lab to VW's dealerships. But this secretive startup is very familiar with failure". Bloomberg L.P.. https://www.bloomberg.com/features/2021-quantumscape-battery/.
- ↑ Lenihan, Rob (April 15, 2021). "QuantumScape Falls on Scorpion Capital Short Report" (in en-us). https://www.thestreet.com/investing/quantumscape-qs-stock-scorpion-short-report.
- ↑ Eric Tegler (June 21, 2022). "A Revolutionary Solid-State Battery Is Nearly Here, Scientists Say". https://www.popularmechanics.com/science/a40230247/solid-state-batteries-electric-vehicles/.
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