QuantumScape was founded in 2010 by Jagdeep Singh, Tim Holme and Professor Fritz Prinz of Stanford University. In 2012, QuantumScape began working with German automaker Volkswagen. In 2018, Volkswagen invested $100 million in the company, becoming the largest shareholder.

Is Volkswagen still invested in QuantumScape?

Despite its close association with Volkswagen, QuantumScape has the opportunity to sell its products to any other vehicle manufacturer as well. Volkswagen plans to use QuantumScape batteries in its vehicles by 2024, and if this becomes a success, many new doors will open for the battery manufacturer.

How much does VW own of QuantumScape?

Volkswagen and QuantumScape have been working together since 2012; prior to a 100-million dollar investment in 2018, VW already held five per cent of QuantumScape.