**QuantumScape (NASDAQ: QS)** went public on November 27, 2020, through a SPAC merger and initially traded at $24.80, peaking at $131.67 on December 22, 2020. However, the company has yet to generate meaningful revenue, reporting significant losses, which has resulted in its stock plummeting to approximately $7. QuantumScape has postponed its plan to commercialize its first solid-state batteries until 2027.
Based in San Jose, California, QuantumScape is co-developing its solid-state battery technology with **Volkswagen**. Its latest QSE-5 battery boasts a cell-level density of 844 Wh/L and can charge from 10% to 80% in under 15 minutes, surpassing Tesla’s lithium-ion batteries, which have a density of around 650 Wh/L. Despite these advancements, QuantumScape plans to license its technology rather than manufacture batteries in-house, aiming for break-even through higher-margin licensing fees.
Looking ahead, analysts project QuantumScape’s revenue to grow from zero in 2026 to $99 million by 2028 as the solid-state battery market expands at a compound annual growth rate of 47.6% from 2026 to 2034. The company’s current cash runway extends until 2029, potentially allowing it to capitalize on future market growth.
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