Existing investor Volkswagen is providing $100m for the solid-state battery developer, with which it is forming a joint venture.
Automotive manufacturer Volkswagen has agreed to invest $100m in US-based advanced battery developer QuantumScape as part of a strategic collaboration deal.
Founded in 2010 as a spinout from Stanford University, QuantumScape is working on solid-state batteries that will use solid electrolytes, as opposed to the liquid or polymer electrolytes utilised in lithium batteries.
The technology could potentially be used to create batteries with a higher energy density, equating to increased capacity, that are also more compact, safer to use and…
