VW-backed electric-car battery maker QuantumScape to list
Bill Gates-backed Breakthrough Energy Ventures is an investor in QuantumScape
New York — QuantumScape, the technology developer that’s partnering with Volkswagen on advanced electric-car batteries, will list in New York after merging with blank-cheque company Kensington Capital Acquisition.
The deal will raise about $700m for QuantumScape, including $500m from Fidelity Management & Research and Janus Henderson Investors as it begins trading on the New York Stock Exchange, according to a statement on Thursday. The combined company will be valued at about $3.3bn, including debt...