PartnershipJul 22, 2026, 04:07 PM
QuantumScape Amends PowerCo Collaboration, Secures $75.4M
AI Summary
QuantumScape Battery, Inc., a subsidiary of QuantumScape Corporation, entered into an amendment to its collaboration agreement with PowerCo SE, a Volkswagen Group company. The amendment, effective July 16, 2026, updates the program structure and milestones for the joint development and commercialization of QSE-5 Technology, focusing on automotive and larger format cells. QuantumScape is set to receive a maximum aggregate of $75.4 million from PowerCo, inclusive of prior payments, based on milestone achievements over the next two years.
Key Highlights
- QuantumScape Battery, Inc. amended its collaboration agreement with PowerCo SE on July 16, 2026.
- The amendment updates the program structure and milestones for QSE-5 Technology development.
- The focus is on automotive cell development and larger format cells.
- QuantumScape will receive a maximum aggregate of $75.4 million from PowerCo for the program.
- Payments are based on the achievement of milestones, including battery cell delivery and validation over two years.
- Statement of Work No. 1 under the original agreement was terminated and replaced by the new amendment.
Price Impact
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