Total amount raised
$1.5 Billion
Latest funding date
8/1/2023
Location
QuantumScape has successfully raised funding over 10 rounds, with the latest being a Post-IPO Equity round. The company is backed by notable investors, including Qatar Investment Authority and Fidelity.
Keep reading to explore the intricacies of QuantumScape's fundraising journey and the investors backing this innovative platform.
What Is QuantumScape?
QuantumScape, based in San Jose, California, is a pioneering company in the energy storage industry. Founded to revolutionize battery technology, it focuses on developing solid-state lithium-metal batteries for electric vehicles and other energy storage applications.
With a workforce of 501-1000 employees, QuantumScape is dedicated to enhancing EV performance, safety, and cost-effectiveness. The company's innovative approach aims to support a lower carbon future by providing higher energy density and faster charging solutions.
How Much Funding Has QuantumScape Raised?
- Round Name: Seed
- Date: January 2010
- Investor Count: 1
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their solid-state lithium-metal battery technology.
- Round Name: Series Unknown
- Date: January 2011
- Investor Count: 2
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue research and development efforts.
- Round Name: Corporate Round
- Date: December 2014
- Investor Count: 1
- Key Investors: Volkswagen Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To form a strategic partnership with Volkswagen Group.
- Round Name: Series Unknown
- Date: January 2015
- Investor Count: 3
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and commercialize their battery technology.
- Round Name: Corporate Round
- Date: June 2018
- Amount Raised: USD 100,000,000
- Investor Count: 1
- Key Investors: Volkswagen Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen their partnership with Volkswagen Group and scale production capabilities.
- Round Name: Series Unknown
- Date: September 2018
- Investor Count: 1
- Key Investors: Breakthrough Energy Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate the commercialization of their battery technology.
- Round Name: Corporate Round
- Date: June 2020
- Amount Raised: USD 200,000,000
- Investor Count: 1
- Key Investors: Volkswagen Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand production capabilities and further develop their technology.
- Round Name: Post-IPO Equity
- Date: November 2020
- Amount Raised: USD 500,000,000
- Investor Count: 2
- Key Investors: Fidelity, Janus Henderson Investors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and meet the growing demand for EV batteries.
- Round Name: Post-IPO Equity
- Date: August 2021
- Amount Raised: USD 446,000,000
- Investor Count: 1
- Key Investors: Qatar Investment Authority
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance production capabilities and accelerate commercialization.
- Round Name: Post-IPO Equity
- Date: August 2023
- Amount Raised: USD 300,000,000
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund operations and invest in new projects.
Total Amount Raised: USD 1,546,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Qatar Investment Authority
- Details: Qatar Investment Authority is a sovereign wealth fund of the State of Qatar. It was established to manage the country's excess oil and gas revenues.
- Investment Focus Areas: Public equity, fixed income, real estate, private equity
- Notable Investments: Volkswagen, Barclays, Harrods
- Fidelity
- Details: Fidelity is a multinational financial services corporation. It offers a wide range of services including mutual funds, ETFs, and retirement services.
- Investment Focus Areas: Mutual funds, ETFs, retirement services, wealth management, life insurance
- Notable Investments: Apple, Amazon, Google
- Volkswagen Group
- Details: Volkswagen Group is a German multinational automotive manufacturing company. It is one of the world's leading automobile manufacturers.
- Investment Focus Areas: Automotive, mobility solutions, electric vehicles
- Notable Investments: Audi, Porsche, Bentley
- Breakthrough Energy Ventures
- Details: Breakthrough Energy Ventures is a venture capital fund. It focuses on investing in sustainable energy solutions.
- Investment Focus Areas: Clean energy, sustainable agriculture, energy storage
- Notable Investments: QuantumScape, Commonwealth Fusion Systems, Pivot Bio
- Janus Henderson Investors
- Details: Janus Henderson Investors is a global asset management group. It provides a range of investment products to individuals and institutions.
- Investment Focus Areas: Equities, fixed income, multi-asset, alternative investments
- Notable Investments: Amazon, Microsoft, Alphabet
What's Next for QuantumScape?
QuantumScape's recent $300 million equity offering opens up significant opportunities for the company. This capital can be utilized to advance their solid-state battery technology, expand production capabilities, and form strategic partnerships with major automotive manufacturers. The potential for growth in the electric vehicle market is immense, and QuantumScape is well-positioned to capture a substantial share.
Future fundraising opportunities are likely, given the successful completion of this equity offering. QuantumScape may explore additional equity offerings or other financial instruments to support their ambitious goals. However, challenges such as market volatility, technological hurdles, and competition from other battery manufacturers could pose obstacles along the way.
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