First Look: Solid Power, a Ford-Backed QuantumScape Rival, Will Go Public via SPAC

First Look: Solid Power, a Ford-Backed QuantumScape Rival, Will Go Public via SPAC
·5 min read

Many investors have been overwhelmed by the number of SPAC deals in the electric-vehicle space over the last year, and some have soured on the space now that a couple of last year's darlings have turned out to be, well, less than they seemed. Colorado-based Solid Power, founded in 2012, is one of several companies working to develop so-called solid-state batteries, which omit the liquid electrolyte used in the lithium-ion batteries that power most electric vehicles today.

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