# EV Battery Company Mergers QuantumSpcae is Merging with Kensington Capital Acquisition Corp. By Daniel Johnson | Published 2020-09-06 | Eco Source: Trend Hunter, https://www.trendhunter.com/trends/solidstate-batteries References: [techcrunch](https://techcrunch.com/2020/09/03/vw-backed-quantumscape/) & [quantumscape](https://www.quantumscape.com/) QuantumSpace, a company specializing in solid-state batteries for EVs, will merge with Kensington Capital Acquisition Corp. The merger will help QuantumSpace raise funds to be able to produce solid-state batteries for eco-friendly vehicles that traditionally have used [lithium-ion batteries](https://www.trendhunter.com/trends/lithiumion-battery-separators). Jagdeep Singh, the CEO of QuantumSpace, indicated that a number of companies in the automotive industry have attempted to produce solid-state batteries, however these attempts have been unsuccessful due in part to financial costs. Solid-state batteries employ a solid electrolyte, in place of liquid or gel materials. This allows the battery to more efficiently store energy, producing a [longer battery life](https://www.trendhunter.com/trends/energy-storage-technology). With the new merger, QuantumScape will now have a market valuation totalled at $3.3 billion and it will continue to be listed on the NYSE. Image Credit: QuantumScape ## Trend Insights (Trend Hunter) - Score: 5.4/10 - Popularity: 60% | Activity: 94% | Freshness: 9% - Audience gender: 50% men, 50% women - Primary generations: Gen Z, Millennial, Gen X - Top markets: North America, South America, Europe, Asia, Africa ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Eco](https://www.trendhunter.com/eco) > [Transportation](https://www.trendhunter.com/transportation) ## Key Themes ### What's Driving This Trend - **Solid-state Batteries:** The merger of QuantumScape and Kensington Capital Acquisition Corp presents a disruptive innovation opportunity in the development of solid-state batteries for EVs. - **Eco-friendly Vehicles:** The merging of QuantumScape and Kensington Capital Acquisition Corp creates opportunities for disruptive innovation in the production of solid-state batteries for eco-friendly vehicles. - **Financial Partnerships:** The merger between QuantumScape and Kensington Capital Acquisition Corp highlights the trend of financial partnerships in the automotive industry to overcome the financial costs of developing solid-state batteries. ### Who This Affects Most - **Automotive:** The automotive industry can benefit from the disruptive innovation opportunity presented by the merging of QuantumScape and Kensington Capital Acquisition Corp to produce solid-state batteries for eco-friendly vehicles. - **Energy Storage:** The energy storage industry has potential for disruptive innovation with the development of solid-state batteries for EVs through the merger of QuantumScape and Kensington Capital Acquisition Corp. - **Battery Technology:** The battery technology industry can explore disruptive innovation possibilities by leveraging the merger between QuantumScape and Kensington Capital Acquisition Corp to advance solid-state battery technology for various applications. ## Related on Trend Hunter - [Collaborative EV Batteries](https://www.trendhunter.com/trends/solid-state-battery.md) - [Lithium-Ion EV Batteries](https://www.trendhunter.com/trends/britishvolt.md) - [Enhanced EV Batteries](https://www.trendhunter.com/trends/voltup.md) - [Electric Automaker Partnerships](https://www.trendhunter.com/trends/volkswagen-rivian.md) - [900-Mile Electric Vehicles](https://www.trendhunter.com/trends/toyota-solid-state-battery.md) - [Recyclable Water-Based Batteries](https://www.trendhunter.com/trends/alsym-energy.md) - [Electric Aircraft Batteries](https://www.trendhunter.com/trends/ionblox.md) - [Solid-State EV Battery Partnerships](https://www.trendhunter.com/trends/vinfast-x-prologium.md) - [Lithium-Ion Battery Partnerships](https://www.trendhunter.com/trends/panasonic-energy.md)