Jagdeep Singh, founder and former CEO of QuantumScape, is in the news these days. He has been ranked as the highest paid employee in the entire world. Singh currently earns Rs. 17,500 crore salary i.e. his one day salary is Rs 17,500 crore. 48 crores. This revenue is more than that of many listed companies and by earning this much salary, Singh has given a new dimension to the talent of Indian talents all over the world.
Singh founded Quantum Scape in 2010, which played a key role in the application of the technology in the manufacturing of electric vehicle batteries. The highly advanced solid-state batteries produced by this company have significantly reduced charging time while increasing energy efficiency. As a result, this company’s innovation is being seen as a revolutionary step in the EV industry. Under Singh’s leadership, the company emerged as a leader in the EV battery sector and as a result, giants like Volkswagen and Bill Gates also invested in it. Prior to founding QuantumScape, Singh had extensive industry experience and in-depth study of emerging and modern technologies, having held key positions in various companies for over a decade. Singh has done B.Tech from Stanford University and MBA from University of California. Singh’s current $2.3 billion pay package, including stock options, highlights his significant contributions to the development of quantum scanning. Such a package is not only a personal achievement for him, but also a reflection of the important role his company plays in redefining sustainable transportation. On February 16, 2024, Singh handed over the reins as CEO of QuantumScape to Shiv Shivaram, but his journey as an industrial entrepreneur has continued since then. Singh has since taken over as CEO of a startup quietly working towards cutting-edge technology and is currently working on making several new technologies available.
