Who is Jagdeep Singh? The CEO With a Salary Package of Rs. 17,500 Crore

Indian-origin CEOs are taking the world by storm. With the likes of Parag Agrawal and Leena Nair having made it to the pinnacle of billion dollar organizations, here’s another Indian-origin CEO who, of late, has been in the news due to his stunning pay package.

Who is Jagdeep Singh? 

Jagdeep Singh is the CEO of the U.S based startup QuantumScape Corp. Founded in 2010 by Professor Jagdeep Singh, Tim Home and Fritz Prinz, the company is committed to providing electric vehicle manufacturers with a safer and more economical alternative to lithium-ion batteries. The company in its nascent years was backed by Microsoft founder Bill Gates and auto giant Volkswagen.

A Man worth US $2.3 Billion

Jagdeep has received a payroll package that is being compared to Tesla CEO Elon Musk. The company went public a little less than a year ago and Jagdeep's salary was approved at a shareholders' meeting. According to the agency, Glass Lewis, the value of the shares given to Jagdeep is estimated at US $2.3 billion, which is a whooping Rs. 17,486.

What is QuantumScape?

Headquartered in San Jose, California, the company is currently worth $ 50 billion and is funded by Bill Gates and Volkswagen. With 400 employees, the company is working on next-generation technologies that will accelerate the adoption of electric vehicles around the world. 

Jagdeep was the CEO of Infinera from 2001 to 2009, before founding Lightera Networks and AirSoft. He studied computer science at Stanford University and the University of Maryland and earned an MBA from the University of California.

QuantamScape : Solving New Age Problems

A little glimpse of the company's plans to solve the very time-consuming battery problem. Vehicles will need new types of batteries to replace regular gas batteries on the roads of the world. And this is where QuantumScape has developed a new technology that makes vehicles affordable and durable in a short period of time. Batteries charge faster with better capacity and run cooler. 

The company pioneered the replacement of lithium-ion battery liquids with metal strips, making batteries safer and less prone to combustion. Jagdeep is leading the EV revolution through his innovative acumen and his company's collective efforts, thereby making the world a better place to live.

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