DUBAI, Aug 2 (Reuters) – Sovereign wealth fund Qatar Investment Authority (QIA) holds a 4.69% stake in Quantumscape Corp (QS. N), which is developing batteries for electric cars, a Securities and Exchange Commission filing by the company showed.
Who funded QuantumScape?
QuantumScape is funded by 10 investors. Qatar Investment Authority and Fidelity Management and Research Company are the most recent investors. QuantumScape has a post-money valuation in the range of $1B to $10B as of Jun 17, 2020 , according to PrivCo.
Who are the big investors in QuantumScape?
The company’s largest shareholder is Porsche Automobil Holding SE, with ownership of 17%. Khosla Ventures, LLC is the second largest shareholder owning 8.5% of common stock, and Jagdeep Singh holds about 4.5% of the company stock.
Did Bill Gates invest in QuantumScape?
QantumScape was founded in 2010 by Singh and backed early by Microsoft founder Bill Gates and auto giant Volkswagen. Both continue to be investors in QuantumScape. In early December, Singh publicly revealed test results for QuantumScape’s solid state battery.
How much of QuantumScape does Volkswagen own?
Volkswagen and QuantumScape have been working together since 2012; prior to a 100-million dollar investment in 2018, VW already held five per cent of QuantumScape.
What does the company QuantumScape do?
QuantumScape is a leader in the development of next generation solid-state lithium-metal batteries for use in electric vehicles. The company’s mission is to revolutionize energy storage to enable a sustainable future.
Who is the CEO of QuantumScape?
Jagdeep Singh
QuantumScape founder and CEO Jagdeep Singh, always good to see you.
Is QuantumScape a good company?
QuantumScape Stock Is a Good Buy For Investors Who Are Willing to Wait For Results. If you’re looking to own a stake in a premier solid-state electric-vehicle (EV) battery maker, QuantumScape (NYSE:QS) is an obvious choice, or at least it ought to be.
What are Q stocks?
The letter Q added to the end of a stock symbol is not a good sign for investors; Q means the company is in the midst of bankruptcy proceedings.In many cases, however, the company’s old stock — labeled with the ominous Q indicator — is dissolved after the proceedings.
Does QuantumScape have a future?
QuantumScape is not valued at its future potential. By the time the company is making steady revenues in 2028, it’s estimated to have an enterprise value at 3x its current market cap and potentially 6x its current market cap.
Who started QuantumScape?
Jagdeep Singh – Founder
Jagdeep Singh – Founder and CEO – QuantumScape | LinkedIn.
What does Bill Gates say about QuantumScape?
Gates, an early backer of QuantumScape (NYSE:QS) and QS stock, suggested that people do what he’s doing and only get involved with quality SPACs. The assumption here is that QuantumScape is such a company.
Who owns Quantum battery?
And this battery material has already made Jagdeep Singh a billionaire, long before it makes its way into a single electric vehicle. His company, QuantumScape Corp., came out of stealth mode late last year for a public stock listing backed by promising data but no commercial product and zero revenue.
Will VW buy QuantumScape?
SAN JOSE, Calif. –(BUSINESS WIRE)–QuantumScape Corporation, (NYSE: QS, or QuantumScape) today announced that it has entered into an agreement with Volkswagen Group of America, Inc. to select the location of their joint-venture solid-state battery pilot-line facility by the end of 2021.
Who is backing QuantumScape?
VW-backed battery startup QuantumScape rises on report of technical breakthrough. Shares in QuantumScape Corp., an EV battery startup with backing from Volkswagen Group, soared 31 percent Wednesday after the company said it cleared a key hurdle in the development of its technology.
Is QuantumScape real?
QuantumScape, a startup developing solid-state lithium-ion batteries for electric vehicles, went public last November, after completing a merger with a special purpose acquisition company.
Who are QuantumScape competitors?
Quantumscape’s competitors
Quantumscape’s top competitors include Silatronix, CALB, Aceleron and powervault. QuantumScape is an electrical energy storage company which intends to accelerate the commercialization of solid-state batteries for the e-mobility.
Is QuantumScape overvalued?
QuantumScape Stock Remains Overvalued Despite Morgan Stanley Downgrade. QuantumScape (NYSE:QS) has the potential to lead the electric vehicle (EV) revolution due to its solid-state battery technology. That potential has fueled a 87% gain in the QS stock price over the last 12 months.
Who makes the new Jesus battery?
This year, QuantumScape did announce it’s one step closer to battery technology’s Holy Grail with a successful density increase from one to four cell layers. However, the test results are still multiples removed from real-world applications and the breakthrough coincided with 2021’s broader U-turn out of SPACs.
When did QuantumScape go public?
Nov 27, 2020
In this write-up, we shall focus on EV battery maker, QuantumScape QS, which made its NYSE debut on Nov 27, 2020 through a reverse merger with Kensington Capital Acquisition.
When was QuantumScape founded?
May 14, 2010QuantumScape
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