QuantumScape Corporation achieved significant milestones in Q3 2025, showcasing its next-generation battery technology through a collaboration with Volkswagen while delivering a steady financial performance aligned with operational efficiency.
- Launched the Ducati V21L as part of a collaboration with Volkswagen, showcasing the capabilities of next-generation battery technology.
- Achieved customer billings of $12.8 million in Q3, bolstered by invoicing VW PowerCo under a recent agreement.
- Revised full-year guidance for adjusted EBITDA loss to $245 million - $260 million, maintaining operational efficiency despite a GAAP net loss of $105.8 million.
- Strengthened the balance sheet with $263.5 million raised through an equity program, extending cash runway through the end of the decade.
- Continued expansion of commercial engagements and partnerships, including a new agreement with Corning for ceramic separator manufacturing.
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