QuantumScape Appoints Dr. Siva Sivaram as CEO to Lead Next Phase of Growth - Seite 2

“As I step into this new role, I’m energized by the remarkable opportunity that QuantumScape has to shape an entire industry,” said Dr. Sivaram, QuantumScape president and CEO. “QuantumScape’s exceptional technology, large addressable market, customer demand and brilliant and motivated team have set us up with the potential to have a tremendous impact on the automotive industry and the broader world. A lot of work remains to be done and it will not be without challenges and I’m honored to be entrusted with this responsibility. I am determined to see us achieve our ambitious vision.”

“Since joining QuantumScape, Siva has been an excellent collaborator; his experience with global manufacturing is already proving instrumental in establishing a strong platform from which we’ll build future full-scale commercial growth,” said Frank Blome, CEO of PowerCo and QuantumScape board member. “We thank Jagdeep for his tremendous leadership from the founding of QuantumScape through all the industry-leading achievements during his tenure as the CEO. He has been a great partner for the Volkswagen Group and PowerCo and I look forward to his continued leadership as Chairman of the board.”

“Jagdeep has always had a compelling vision for the company and a passion to tackle the hardest and most important challenges. He assembled a world-class team and together we have made some groundbreaking scientific and engineering advancements in lithium metal batteries,” said Tim Holme, co-founder and CTO of QuantumScape. “I believe that Siva's experience in scaling and manufacturing products at high volume with exacting quality standards will build on our momentum and lead us through the next phase.”

About QuantumScape Corporation

QuantumScape is on a mission to transform energy storage with solid-state lithium-metal battery technology. The company’s next-generation batteries are designed to enable greater energy density, faster charging and enhanced safety to support the transition away from legacy energy sources toward a lower carbon future. For more information, visit www.quantumscape.com.

About Dr. Siva Sivaram

Dr. Siva Sivaram joined QuantumScape as President in September 2023. Previously, he served as President of Technology and Strategy at Western Digital, a leader in data storage. Prior to Western Digital, Dr. Sivaram was Executive Vice President of Memory Technology at SanDisk. Before that, he founded and headed Twin Creek Technologies, an American manufacturer specializing in novel solar cells and equipment, and held several leadership positions for global technology manufacturers, including Intel and Matrix Semiconductor – the pioneer in 3D semiconductors. Dr. Sivaram holds a Ph.D. and M.S. in materials science from Rensselaer Polytechnic Institute and a B.S. in mechanical engineering from the National Institute of Technology.