QuantumScape develops solid‑state batteries that replace liquid or gel electrolytes with a solid electrolyte to deliver higher energy density, faster charging and improved thermal safety for electric vehicles. The company has drawn early backing from investors including Kleiner Perkins and Khosla Ventures. Volkswagen formed a joint venture with QuantumScape in 2018 to accelerate development and scale production. Volkswagen initially invested $100 million in September 2018 and has made a further strategic investment to support joint work. The companies plan to set up a pilot plant for industrial‑level production and will firm up pilot factory plans this year. Volkswagen previously set a target to establish a production line for these batteries by 2025; commercial cost remains a key hurdle for solid‑state technology.

Total raised

$200M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2020