Company Market Research Report: QuantumScape Battery, Inc.
1. Company Overview
1.1 Basic Information
- Name: QuantumScape Battery, Inc.
- Mission: Revolutionize energy storage and power a decarbonized future, starting with transportation.
- Founded: 2010
- Headquarters: 1730 Technology Drive, San Jose, CA 95110
1.2 Founders and Key People
- Founders: No specific founders listed.
- Key People:
- Dr. Siva Sivaram - President & CEO
- Dr. Tim Holme - Co-founder & Chief Technology Officer
- Dr. Mohit Singh - Chief Development Officer
- Kevin Hettrich - Chief Financial Officer
- Mike McCarthy - Chief Legal Officer & Head of Corp. Dev.
- Jagdeep Singh - Co-founder & Board Chairman
- JB Straubel - Founder & CEO, Redwood Materials; Co-founder Tesla
- Jürgen Leohold - Former Head of Volkswagen Group Research
- Dipender Saluja - Managing Director, Capricorn
- Brad Buss - Board Member Marvell; Former CFO SolarCity, Cypress; Former Board Member Tesla
- Sebastian Schebera - Head of Strategic Partnerships, Volkswagen AG
- Jeneanne Hanley - Board Member KLA Corporation; Former President E-Systems, Lear Corp.
- Dr. Gena C. Lovett - Board Member Trex and AdvanSix; Former VP Operations, Boeing
- Prof. Fritz Prinz - Co-founder & Chief Scientific Advisor
- Susan Huppertz - Former Chief Supply Chain Officer, Johnson Controls
1.3 Additional Information
- Number of Employees: 600+
- Revenue: No information is available.
- What is the company known for: Pioneering development of solid-state lithium-metal batteries.
2. Products
2.1 Primary Technology
- Solid-State Lithium-Metal Batteries
- Description: Advanced battery that addresses limitations of traditional lithium-ion batteries related to battery life, charging speed, safety, and cost.
- Key Features:
- Patented solid ceramic electrolyte separator: Non-flammable and non-combustible.
- Lithium anode creation in situ: Simplifies battery design and manufacturing, makes batteries fundamentally cheaper.
- Higher energy density: Lithium-metal anode is nearly 10 times more energy dense than current batteries.
3. Recent Developments
3.1 Key Announcements
- 07/11/24: PowerCo and QuantumScape Announce Landmark Agreement to Industrialize Solid-State Batteries.
- 03/27/24: QuantumScape Begins Customer Shipments of Alpha-2 Prototypes.
- 02/14/24: QuantumScape Appoints Dr. Siva Sivaram as CEO to Lead Next Phase of Growth.
- 07/31/23: QuantumScape Appoints Dr. Siva Sivaram President.
3.2 New Products and Features
- Alpha-2 Prototypes: Customer shipments began on 03/27/24.
- FlexFrame Cell Format: A proprietary cell format introduced to enhance product features.
3.3 Strategic Collaborations
- PowerCo Agreement: Collaboration on manufacturing battery cells and establishing a jointly staffed processing team.
- License Agreement: QuantumScape to grant PowerCo a non-exclusive, royalty-bearing IP license with a pre-paid royalty fee of $130M and the right to manufacture up to 40 GWh annually.
- Impact: Accelerates technology market entry and validation from Volkswagen, reducing time to volume production challenges.
3.4 Partnerships
- Volkswagen Partnership: Ongoing collaboration to develop solid-state batteries for automotive applications.
- Expansion to Asia-Pacific Region: Established R&D center in Japan (02/22/22).
4. Other Notable Mentions
- Growth: QuantumScape is focused on the electric vehicle (EV) market to address primary limitations of existing battery technologies.
- Environmental Impact: Emphasizes sustainable and safer battery technologies to support decarbonization and zero-emission transport.
5. Locations and Contact
- Headquartered: 1730 Technology Drive, San Jose, CA 95110
- General Contact: info@quantumscape.com
6. Additional Information
- Patents and Patent Applications: 300+
- Years of R&D: 12
No additional revenue information or comprehensive product lines are provided in the data.