QuantumScape expands PowerCo deal: up to $130.7M funding, license cap raised to 85 GWh

QuantumScape Corp

PowerCo will contribute up to $130.7M over two years for joint QSE-5 scale-up team, subject to milestones.
IP License annual capacity increased by 5 GWh to 85 GWh; PowerCo may sell cells outside VW Group.
PowerCo obtains future right to license next-generation solid-state technology beyond QSE-5.
$130M pre-paid royalties from original agreement still due after separate technical milestones.

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