QuantumScape Raises $200M in Series Unknown
QuantumScape has successfully raised $200M in a Series Unknown at a $4.7B valuation led by Volkswagen, Bill Gates, Khosla Ventures, Breakthrough Energy Ventures.
Company Overview
QuantumScape is a Batteries company headquartered in 1730 Technology Drive, San Jose, CA 95110, founded in 2010 with 800+ employees.
Solid-state lithium battery developer
Fundraising Details
- Amount Raised: $200M
- Round Type: Series Unknown
- Valuation: $4.7B
- Date: 2024-03-08
- Investors: Volkswagen, Bill Gates, Khosla Ventures, Breakthrough Energy Ventures
About QuantumScape
Solid-state lithium battery developer The company is positioned in the Batteries sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 1730 Technology Drive, San Jose, CA 95110
- Founded: 2010
- Team Size: 800+
- Industry: Batteries
What This Means
This funding round demonstrates strong investor confidence in QuantumScape's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Batteries sector continues to attract significant investment as companies innovate to meet evolving market demands. QuantumScape's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $4.7B valuation marks an important milestone for QuantumScape, positioning the company among notable players in the Batteries industry.
Looking Ahead
With this new capital, QuantumScape is well-positioned to execute on its growth strategy and continue building innovative solutions in the Batteries space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
---
This fundraising news was reported on 2024-03-08. For more information about QuantumScape, visit their headquarters at 1730 Technology Drive, San Jose, CA 95110.
