QuantumScape amends PowerCo collaboration, sets up to $75.4 million milestone payments
QS•Amended PowerCo collaboration resets QSE-5 milestones
QuantumScape amended its collaboration agreement with Volkswagen-owned PowerCo on July 16, 2026, resetting milestones tied to QSE-5 battery cell development.
The revised program shifts to milestone-based payments, including delivery and validation of battery cells over the next two years.
Maximum aggregate proceeds from PowerCo under the updated program total $75.4 million, including amounts already paid.
The prior Statement of Work No. 1 was terminated effective July 16, 2026, with any invoiced amounts still due and payable.
