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The VW Group increases stake in US solid-state battery start-up QuantumScape to $300M

Thu, 06/18/2020 - 11:31 -- Paul Crompton

The Volkswagen Group is increasing its stake in US solid-state battery start-up QuantumScape by up to $200 million as the German OEM looks to future of electric vehicle drivetrains.

The companies formed a joint venture in 2018 to work together on solid-state batteries with Volkswagen investing $100 million at the time to enable industrial-level production of the technology.

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VW ups Quantumscape investment for solid-state batteries

Mon, 06/25/2018 - 11:11 -- John Shepherd
VW ups Quantumscape investment for solid-state batteries

Volkswagen is investing $100 million to increase its stake in US battery start-up Quantumscape and “accelerate” commercialisation of innovative solid-state battery technology.

VW said the deal, which is subject to regulatory approvals, will make it Quantumscape’s largest automotive shareholder and will give the car giant a seat on the board.

 

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VW buys stake in ‘all electron’ battery startup

Thu, 12/11/2014 - 12:08 -- Editor
VW buys stake in ‘all electron’ battery startup

Volkswagen (VW) has reportedly bought a stake in battery startup QuantumScape with the aim of developing batteries that can more than triple the range of its EVs.

QuantumScape, founded in 2010 by former Stanford University researchers, is licensing tech from the ARPA-E funded ‘All Electron Battery’ Stanford project, which is developing a so-called ‘solid-state’ battery as an alternative to liquid electrolyte-based lithium-ion.

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