Renewable Energy Company. Headquarters. $718M. San Jose-based QuantumScape, a 2010 spinout from Stanford University, said it will form a joint venture with VW to produce solid-state battery cells, starting in 2024, for the German automaker's electric vehicles, and eventually for other carmakers. Summary Metrics. Ahead of the merger announcement, QuantumScape raised $500 million from institutional investors, led by Fidelity Management & Research. You can change your choices at any time by visiting Your Privacy Controls. The SPAC deal is expected to close in late 2020, when the new company will trade on the New York Stock Exchange under the ticker symbol QS. QuantumScape Stock. QuantumScape conducts its business in the United States. Techcrunch. Other corporate investors include Shanghai Auto, which is partnered with VW in China, and German auto supplier Continental AG.
VW has committed more than $300 million to QuantumScape.
Founding Date: 2010: Quantumscape: total Funding$300 m: Quantumscape: latest funding size$200 m: Time since last funding: 4 months ago: Quantumscape: investorsLightspeed Venture Partners, Khosla Ventures, LLC, … SHAREHOLDER ALERT: WeissLaw LLP Investigates Kensington Capital Acquisition, Corp. Next-Gen Battery Company Quantumscape To List On NYSE Through Merger With Kensington Capital Acquisition Corp. About QuantumScape Stock. Yahoo is part of Verizon Media. Business Insider.
The Company designs and manufactures lithium batteries. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices.
2010. Notable Investors. QuantumScape's lithium-metal battery uses a solid ceramic electrolyte which Singh said is safer than a conventional liquid electrolyte. A SPAC is a shell company that raises money through an initial public offering to buy a private operating company and take it public in a reverse merger. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Venture backers include Bill Gates, Khosla Ventures and Kleiner Perkins. The company aims to go public with a $3.3 billion valuation and trade on the New York Stock Exchange with the ticker QE.
San Jose, CA 95110 Founded. Find out more about how we use your information in our Privacy Policy and Cookie Policy. QuantumScape will reach stock exchanges through a reverse merger just like Nikola and Fisker, which makes the SPAC method reach battery companies. Shares of the Kensington SPAC jumped 68% to $17.80 at mid-day. San Jose CA, US. The Qatar Investment Authority also participated in the latest funding round. QuantumScape is the latest transportation startup to tie up with a special-purpose acquisition company, or SPAC. United States, VW Battery Partner QuantumScape to List After SPAC Deal. Stock futures point to a second day of gains, Dow futures jump 200 points as Nike surges Breaking News • Sep 22, 2020 Tech shares rebound, sending S&P 500 1.1% higher to end 4-session losing streak
"Our ambition is to be a (battery) supplier to the industry as a whole," QuantumScape founder and Chief Executive Jagdeep Singh said in an interview. Ahead of the merger announcement, QuantumScape raised $500 million from institutional investors, led by Fidelity Management & Research. View Company. Total Funding. Kensington's directors include Tom LaSorda, former vice chairman of Chrysler; Don Runkle, former vice chairman of Delphi, and Matt Simoncini, former CEO of Lear Corp. End-of-day quote Shanghai Stock Exchange - 10/13, Audi to launch new electric vehicle venture with China's FAW, Cadillac, Buick help GM to first China sales growth in two years, Auto Makers Bet on Augmented Reality Startup, Secretive High-Speed Trading Firm Hits Jackpot With TikTok. Quantumscape Funding. Bill Gates-sponsored battery producer QuantumScape to join 'blank-check' IPO frenzy. 1730 Technology Drive Company profile page for QuantumScape Corp including stock price, company news, press releases, executives, board members, and contact information Quantumscape Corporation offers batteries.
Recent SPAC-backed transactions include Lidar maker Luminar, electric truck maker Nikola, electric shuttle maker Canoo and electric car maker Fisker. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. View and compare quantumscape,NEWS on Yahoo Finance. The SPAC deal is expected to close in late 2020, when the new company will trade on the New York Stock Exchange under the ticker symbol QS. Also, its energy density is much higher, exceeding 400 watt-hours per kilogram, which far surpasses 250 Wh/kg for the best current lithium-ion batteries.
Trump’s free $200 prescription card is ‘a bad idea from A-Z’: Former Bush official Kleiner Perkins Caufield & Byers. The design replaces the conventional graphite/silicon anode with a lithium-metal anode, speeding up the recharge to 80% capacity in just 15 minutes. Quantumscape has raised $300 m in total funding. Quantumscape stock price, funding rounds, valuation and financials. … Kensington is a SPAC headed by investment banker Justin Mirro, a specialist in transportation-related deals who will join QuantumScape's board. Chinese FAW Group's talks to acquire Iveco held this year now on hold - sourc.. China's biggest automaker SAIC to have nearly 100 new EV models by 2025, Volkswagen, Chinese ventures to invest 15 billion euros in electric vehicles, GM energizes China line-up with electric micro car, Chief Financial Officer & Board Secretary. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development.
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