Total amount raised
$1.5 Billions
Latest funding date
8/1/2023
Location
QuantumScape has successfully raised significant funding over multiple rounds, positioning itself as a key player in the solid-state battery industry. The company's innovative technology aims to revolutionize energy storage, attracting substantial interest from investors.
Keep reading to explore the intricacies of QuantumScape's fundraising journey and the investors backing this groundbreaking technology.
What Is QuantumScape?
QuantumScape, founded in 2010, is headquartered in San Jose, California. The company specializes in developing solid-state lithium-metal batteries, aiming to revolutionize energy storage with higher energy density and faster charging capabilities.
Founded by Jagdeep Singh, Tim Holme, and Fritz Prinz, QuantumScape has grown significantly since its inception. The company's innovative technology is designed to support a transition to a lower carbon future by enhancing the performance and safety of electric vehicles.
With a dedicated team of over 200 employees, QuantumScape continues to push the boundaries of battery technology, striving to make electric vehicles more efficient and sustainable.
How Much Funding Has QuantumScape Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: January 2010
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to develop the core technology and establish the company.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: January 2011
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To advance research and development of solid-state battery technology.
- Corporate Round
- Amount Raised: Not publicly disclosed
- Date: December 2014
- Lead Investors: Volkswagen Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure strategic partnerships and funding for scaling up technology.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: January 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue development and move closer to commercialization.
- Corporate Round
- Amount Raised: $100M
- Date: June 2018
- Lead Investors: Volkswagen Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further solidify the partnership with Volkswagen and accelerate product development.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: September 2018
- Lead Investors: Breakthrough Energy Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To leverage strategic investment for technological advancements.
- Corporate Round
- Amount Raised: $200M
- Date: June 2020
- Lead Investors: Volkswagen Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale up production capabilities and prepare for market entry.
- Post-IPO Equity
- Amount Raised: $500M
- Date: November 2020
- Lead Investors: Fidelity, Janus Henderson Investors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing research and development and expand operational capacity.
- Post-IPO Equity
- Amount Raised: $446M
- Date: August 2021
- Lead Investors: Qatar Investment Authority
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance production capabilities and accelerate commercialization efforts.
- Post-IPO Equity
- Amount Raised: $300M
- Date: August 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To raise capital for ongoing operations and future growth initiatives.
Total Amount Raised: $1.846 billion. Current Valuation: Not publicly disclosed.
Key Investors
- Volkswagen Group
- Details: Volkswagen Group is a German multinational automotive company headquartered in Wolfsburg, Germany. It is one of the world's leading automobile manufacturers and the largest carmaker in Europe.
- Investment Focus Areas: Automotive, electric vehicles, mobility solutions.
- Notable Investments: QuantumScape, Argo AI, Northvolt.
- Fidelity
- Details: Fidelity Investments is an American multinational financial services corporation based in Boston, Massachusetts. It is one of the largest asset managers in the world.
- Investment Focus Areas: Financial services, technology, healthcare.
- Notable Investments: SpaceX, Uber, Airbnb.
- Janus Henderson Investors
- Details: Janus Henderson Investors is a global asset management group headquartered in London, UK. The firm offers a range of financial products and services to institutional and retail investors.
- Investment Focus Areas: Equities, fixed income, multi-asset.
- Notable Investments: Tesla, Amazon, Alphabet.
- Qatar Investment Authority
- Details: Qatar Investment Authority (QIA) is the sovereign wealth fund of the State of Qatar, headquartered in Doha. It was founded to manage the country's excess oil and gas reserves.
- Investment Focus Areas: Real estate, infrastructure, technology.
- Notable Investments: Volkswagen, Barclays, Harrods.
- Breakthrough Energy Ventures
- Details: Breakthrough Energy Ventures is a private investment fund backed by many of the world's top business leaders. It focuses on providing funding for innovative clean energy technologies.
- Investment Focus Areas: Clean energy, sustainable agriculture, energy storage.
- Notable Investments: QuantumScape, Commonwealth Fusion Systems, Pivot Bio.
What's Next for QuantumScape?
QuantumScape's recent $300 million equity offering opens up significant opportunities for the company. This capital injection is poised to accelerate the development of their solid-state battery technology, potentially revolutionizing the electric vehicle industry. The funds will also support scaling production and expanding into new markets, aligning with the growing demand for sustainable energy solutions.
Future fundraising efforts seem likely, especially if the current market conditions remain favorable. However, challenges such as market volatility and maintaining investor confidence could pose hurdles. Despite these potential obstacles, QuantumScape's strategic positioning and innovative technology offer a promising outlook for continued growth and industry impact.
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