QuantumScape’s share sale to fund solid-state battery production roils its market value
Simply 6 months earlier, QuantumScape concurred to combine with an unique purpose acquisition business (Kensington Capital Acquisition Corp.). At the time, QuantumScape stated it was able to raise more than $700 million through the company combination, a figure that includes $500 million in personal financial investment in public equity, or PIPE. QuantumScape worked quietly for years to develop solid-state batteries, a next-generation technology that might assist open longer ranges and faster charging times in electric vehicles. The automaker has actually invested a total of $300 million in QuantumScape, including $200 million last year.
Just 6 months earlier, QuantumScape concurred to combine with a special function acquisition business (Kensington Capital Acquisition Corp.). At the time, QuantumScape said it was able to raise more than $700 million through the service combination, a figure that consists of $500 million in personal financial investment in public equity, or PIPE. The automaker has actually invested a total of $300 million in QuantumScape, consisting of $200 million last year.