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  "documentTitle": "QuantumScape (QS)",
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  "authorName": "Scorpion Capital",
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  "presentationDate": "2021-04-15 00:00:00",
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  "notes": "Uses a quote from a 'solid-state expert' to validate the comparison between Sakti3 and Quantumscape.",
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      "text": "Khosla’s track record is legendary – just not in cleantech or EV batteries, where an unusual number of his investments made bold QS-like claims of a breakthrough, only to be exposed as frauds.",
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      "text": "One of the case studies that we detail is Sakti3, another secretive and hyped solid state play that purported a breakthrough battery for the EV market. Sakti3 red flags then are identical to Quantumscape red flags today.",
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      "text": "The Michigan start-up Sakti3 says its solid-state cells more than double the energy density of today’s best Li-Ion batteries",
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      "text": "Besides VW, a key part of the QS “trust us” story hinges on billionaire venture capitalist Vinod Khosla and the purported validation from Bill Gates, who we suspect is a minor indirect investor as Khosla’s friend. Khosla’s track record is legendary – just not in cleantech or EV batteries, where an unusual number of his investments made bold QS-like claims of a breakthrough, only to be exposed as frauds.",
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      "text": "“There was no one in the battery R&D community that did not think that Sakti 3 was a fraud and was not angered by it. Everyone knew. GM invested, and I think, thanks to Khosla, found a greater fool in Dyson to dump it on. They had very, very small cells. They never really showed any performance data. It seemed to be a manufacturing process that would be expensive or impossible to scale up, and it never scaled.” – Solid-state expert",
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      "text": "Source: Scorpion Capital consultation calls with experts; https://www.scientificamerican.com/article/secretive-company-claims-battery-breakthrough/",
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      "text": "1) Introduction to Quantumscape",
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