QuantumScape develops solid-state lithium-metal batteries designed to dramatically improve energy density, charging speed, and safety for next-generation electric vehicles. The company partnered early with Volkswagen to commercialize these batteries at scale, focusing on an anode-less architecture that reduces costs and simplifies manufacturing.
Its core mission is to accelerate the global transition to clean mobility by delivering breakthrough energy-storage technologies that outperform conventional lithium-ion systems.
What Is QuantumScape and What Does It Do?
QuantumScape, founded in 2010 by Jagdeep Singh, Tim Holme, and Fritz Prinz, is headquartered in San Jose, California. The company develops solid-state lithium-metal batteries engineered to deliver higher energy density, faster charging, and improved safety.
QuantumScape employs 850 employees and focuses on its proprietary anode-less cell architecture, which reduces material use and simplifies battery manufacturing.
Its technology aims to transform electric vehicles with longer-range capabilities, lower costs, and enhanced performance, positioning QuantumScape as a major innovator in the global energy-storage ecosystem.
How Much Funding Has QuantumScape Raised?
1. Corporate Round
- Amount Raised: $100M
- Date: June 2018
- Lead Investors: Volkswagen Group
- Motivation: To accelerate engineering milestones and deepen Volkswagen collaboration.
2. Corporate Round
- Amount Raised: $200M
- Date: June 2020
- Lead Investors: Volkswagen Group
- Motivation: To scale production capabilities and prepare commercial pilot lines.
3. Post-IPO Equity
- Amount Raised: $500M
- Date: November 2020
- Lead Investors: Fidelity, Janus Henderson Investor
- Motivation: To expand R&D operations and support manufacturing scaling.
4. Post-IPO Equity
- Amount Raised: $446M
- Date: August 2021
- Lead Investors: Qatar Investment Authority
- Motivation: To accelerate commercialization and pilot production.
5. Post-IPO Equity
- Amount Raised: $300M
- Date: August 2023
- Motivation: To strengthen financial runway and advance long-term product development.
Total Funding Raised: $1.846 Billion
Latest Funding Date: August 2023
Key Investors
1. Volkswagen Group
- Details: One of the world’s largest automakers, strategically aligned with QuantumScape for EV battery development.
- Investment Focus Areas: Automotive, EVs, mobility innovation.
- Notable Investments: Northvolt, Argo AI.
2. Fidelity Investments
- Details: A global asset manager with extensive investments in high-growth technology firms.
- Investment Focus Areas: Technology, EVs, consumer, and biomedical.
- Notable Investments: SpaceX, Uber, Airbnb.
3. Janus Henderson Investors
- Details: A global investment management firm serving institutional and retail investors.
- Investment Focus Areas: Equities, multi-asset, fixed income.
- Notable Investments: Tesla, Amazon, Alphabet.
4. Qatar Investment Authority (QIA)
- Details: Qatar’s sovereign wealth fund is investing globally in high-impact sectors.
- Investment Focus Areas: Technology, infrastructure, and real estate.
- Notable Investments: Volkswagen, Barclays, Heathrow.
5. Breakthrough Energy Ventures
- Details: A clean-energy investment fund created by Bill Gates and global leaders to support climate-positive technologies.
- Investment Focus Areas: Energy storage, climate tech, sustainable solutions.
- Notable Investments: Commonwealth Fusion Systems, Pivot Bio.
Where Is QuantumScape’s Headquarters?
QuantumScape is headquartered in San Jose, California, a global innovation hub that provides access to world-class battery researchers, advanced manufacturing partners, and top-tier engineering talent.
What’s Next for QuantumScape?
QuantumScape plans to use its latest $300M equity funding to accelerate commercialization of solid-state battery cells, expand pilot manufacturing capacity, and deepen partnerships with global automakers. As EV demand surges, QuantumScape aims to transition its breakthrough technology from lab-scale validation to large-scale production, positioning itself as a pivotal player in the next generation of clean mobility.
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