QuantumScape Corporation

QuantumScape has yet to sell a battery at scale, and that tension defines the stock. The San Jose company, founded in 2010, is trying to commercialize a solid-state lithium-metal cell that would replace the liquid electrolyte inside conventional lithium-ion batteries with a ceramic separator, promising faster charging, more range and less fire risk in electric vehicles. Volkswagen has been a longtime partner and backer, and Bill Gates is among its early investors. The engineering is hard and the company remains pre-revenue, burning cash as it works to prove its cells survive thousands of charge cycles and can be manufactured reliably. So the shares trade on milestones and promise rather than earnings: a bet that QuantumScape can turn a lab breakthrough into a mass-produced product before the money or the patience runs out.

On MyRWA, QS trades tokenized across 1 on-chain venue - see the listings below.