Quanergy was founded in 2012 by Louay Eldada, Angus Pacala, and Tianyue Yu. The company has not officially endorsed a plan to participate in an IPO.
Quanergy develops LiDAR sensors and smart sensing solutions for a range of applications including autonomous vehicles. The company has raised over $325 million in Venture Capital funding from investors including Reshape Holdings, Canas Capital, G Squared, HOF Capital, MicroVentures, Reform Ventures, Studio VC, Rising Tide Fund, Tesla Capital, Motus Ventures, and Newbury Ventures. Per company press releases, Quanergy raised an unspecified amount of funding in April 2020 at an unknown valuation.