QuantumScape was founded in 2010 by Jagdeep Singh. The company is planning to go public through a reverse merger with blank-check company Kensington Capital Acquisition Corp.
QuantumScape is the developer and manufacturer of solid-state batteries for use in electric vehicles. The company has raised nearly $500 million in Venture Capital funding from investors including Breakthrough Energy Ventures, Capricorn Investment Group, Volkswagen, Khosla Ventures, Kleiner Perkins, Lightspeed Venture Partners, and Prelude Ventures. It has been widely reported that QuantumScape last raised $200 million in June 2020 at a post-money valuation of $2.3 billion.