They have entered into a definitive agreement to merge with blank check company Kensington Capital Acquisition Corp .
Backed by Microsoft co-founder Bill Gates and Volkswagen & Qatar Investment Authority
QuantumScape is expected to receive more than $1 billion in cash and funding commitments, led by Volkswagen and Qatar’s sovereign wealth fund, as part of the transaction.
SEE PAGE 28 IN INVESTORS PRESENTATION, google "quantumscape investor presentation", its on their website. trading view wont let me post links yet.
Qatar's involvement is the alpha catalyst which put KCAC on my radar. In my past experience ,if Qatar is putting big money into something , you should as well!
Go on YouTube and search " How to build a better battery" on Bill gates channel. Great concise video giving you a breakdown of QuantumScape and their potential to revolutionize the EV world.
Only negative upcoming catalyst I've come across is Tesla's battery day, will be interesting to see what they announce and how that impacts QuantumScape's disruptive potential in the eyes of the stockholders. more risk averse investors might want to wait ill after battery day to get into KCAC????
This is not financial advice, this is just a collection of ideas and thoughts!