Quantumscape Corporation is a "Concept stock" That has dropped off 70% from the all time high of $135. The market cap is currently sitting at 20B and is revolutionizing the battery market safer(not flammable) solid state lithium batteries with faster charge times and longer battery life. On the board sits JB Straubel the ex-CTO of Tesla. His expertise is in lithium batteries. This is a huge deal.
Many of the other board members are on the board of Google, Formerly Amazon, and Tesla.
Volkswagen group own 25% of the company and at the high of $135 not one share was issued. This is a very bullish sign which means Quantumscape does not need more money.
The company has yet to put out a product but given the board the massive share investment of Volkswagen; Quantumscape likely has a very promising prototype not seen by the public.
The TAM (Total Addressable Market) for Quantumscape is massive and goes beyond EVs.
The company can produce for consumer devices such as phones, VR wearables, watches, Medical equipment, home energy storage, aircrafts, boats etc. A market that is expected to reach well over 100B by 2030.
With strong partnerships and a killer patented solid state battery product, Quantumscape can capture a large share of the battery market and can possible have revenues of 25B+ by 2025.
This is a "Pie Castles in the Sky" "Concept" play...but given the team, investment by volkswagen, Bill Gates, protective patents and market... Quantumscape is no doubt a play that excites the imagination of the public.
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