QuantumScape is developing solid-state batteries with lithium-metal anodes to dramatically improve EV range, charging speed, and safety compared to conventional lithium-ion. The company went public via a SPAC merger with Kensington Capital in late 2020, backed by Volkswagen — which has exclusive rights to QuantumScape's first-generation batteries. Achieving commercial production at scale remains a major technical challenge.
IPO details
IPO date
Fri Nov 27
IPO price
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First-day close
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IPO valuation
$3.1B
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