QuantumScape is a leading solid-state battery technology company developing next-generation lithium-metal batteries for electric vehicles (EVs) and energy storage. Its solid-state design replaces the liquid electrolyte in traditional lithium-ion batteries with a ceramic separator, enabling 50% higher energy density, faster charging, and improved safety.
The company’s core product is a 21700-format solid-state battery cell designed for mass production, targeting EV manufacturers and energy storage providers. QuantumScape has secured partnerships with major automakers, including Volkswagen, which invested $300 million in the company, and plans to begin commercial production in 2027. Its technology addresses key limitations of current EV batteries, such as range anxiety and long charging times.
While pre-revenue with a $210 million net loss in 2025, QuantumScape has made significant technical progress, with its battery cells achieving 1,000+ charge cycles in testing. The secondary listing raised $450 million to fund manufacturing scale-up and commercialization efforts.