KCAC - QuantumScape: A Next Generation Battery Developer For The Rapidly Growing EV Market Goes Public Via SPAC
- This is a Z4 Research Quick Note
KCAC SPAC is taking QuantumScape Public (future ticker QS)
Kensington Capital Acquisition Corp (KCAC), a SPAC with deep auto industry experience, is bringing solid-state lithium-metal battery developer QuantumScape public. QuantumScape has been working on improving batteries for EVs (and potentially other applications) since 2010 and has been backed and partnered with Volkswagen (VWAGY) since 2012. The company claims its battery solution will offer significant improvements in range, charge time, battery cycle life, cost, and safety. The company has a large patent library and has received validation