German automobile manufacturing giant Volkswagen recently announced that it has increased its stake in US-based solid state battery company QuantumScape. The automaker has recently invested another $200mn in the Stanford University spinout startup to boost the development of solid-state battery technology that aims to increase the ranges of electric cars and shorten charging times. “We…
Lightspeed Venture Partners announced the closings of Lightspeed Venture Partners XIII, L.P. with $890 million, Lightspeed Venture Partners Select IV, L.P. with $1.83 billion, and Lightspeed Opportunity Fund, L.P. with $1.5 billion of limited partner committed capital. According to the press release, the California-based venture capital firm said, “In these difficult times, as the world…