Launch Program with Volkswagen Group
QuantumScape unveiled the Ducati V21L race motorcycle at IAA Mobility in Munich, a collaboration with Ducati, Audi, PowerCo, and QuantumScape, showcasing the performance of their next-generation battery technology.
Progress in Commercial Engagement
Substantial progress in expanding commercial engagement, including deepening relationships with existing customers and adding new partners like Corning and Murata Manufacturing to the QS technology ecosystem.
Customer Billings Milestone
Billing over $1 million in customer activities in Q3, marking a significant step in QuantumScape's capital-light development and licensing business model.
Financial Outlook and Cash Runway
QuantumScape revised their full-year guidance for adjusted EBITDA loss to $245 million to $260 million and extended their cash runway through the end of the decade, with $1 billion in liquidity.