Introduction: The Viral Salary Claim
Recently, Jagdeep Singh, co-founder and ex-CEO of QuantumScape—an Indian belonging to the said country an annual salary of ₹17,500 crore ($2.06 billion), citing ₹48 crore per day. QuantumScape, however, is the EV battery technology pioneer, and it refuted these claims by stating that it was misleading.
Who’s Jagdeep Singh?

Jagdeep Singh is a technology entrepreneur who has made a revolutionary contribution to EV battery technology.
Education:
Bachelor of Science in Computer Science, University of Maryland.
Master of Science in Computer Science, Stanford University.
MBA, University of California, Berkeley.
Career Highlights:
Worked at such companies as HP and Sun Microsystems.
Founded multiple startups, including AirSoft.
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QuantumScape: Transforming EV Battery Technology
Founded in 2010 by Jagdeep Singh, QuantumScape focuses on solid-state batteries that perform better than conventional lithium-ion batteries.
Key Benefits:
Decreased charging time due to higher energy density and safety.
Partnerships:
Other key investors include the automobile giant Volkswagen, which has shown faith in QuantumScape’s ability to change the EV segment.
The Truth About His Salary
Despite rumours of a daily income of ₹48 crores, official filings at QuantumScape show:
Total 2023 Compensation: $8.97 million, roughly about ₹74.5 crore.
- Base Salary: $772,240, or around ₹6.4 crore;
- Stock Awards: $8.19 million, or roughly ₹68.1 crore. The exaggerated salary claims have officially been dismissed by QuantumScape.
Leadership Transition
This transition involves Jagdeep Singh resigning from his post as CEO of QuantumScape in February 2024 and appointing Dr Siva Sivaram to succeed him. Singh will remain actively involved as a board member and CEO of a new stealth startup, showing continued dedication to innovation.
What’s the Significance of Jagdeep Singh?
He embodies a story that mirrors how Indian-origin people create global industries with their talent.
Impact:
Led groundbreaking advancements in EV technology.
Positioned QuantumScape as a key player in the global EV market.
FAQ :
QuantumScape was famously recognized for?
QuantumScape is a solid-state battery company that has focused on developing innovative technology that allows EVs to be charged much more quickly and safely.
Is Jagdeep Singh the highest-paid CEO in the world?
No, rumours of a daily income of ₹48 crore have been refuted. His actual compensation for 2023 was ~$8.97 million.
What’s Next for Jagdeep Singh?
He will still be in the tech world, probably leading a stealth startup, but definitely remaining associated with QuantumScape.
Jagdeep Singh: Fact or Fiction? Indian-Origin CEO Earns ₹48 Crore Daily.
Claims of QuantumScape’s ex-CEO Jagdeep Singh earning Rs 48 crore daily are false, as verified through official documents and company statements.
Conclusion
Jagdeep Singh’s journey is illustrative of the power of innovation and leadership. While the viral claims about his salary may not be true, his contribution to EV technology and his entrepreneurial spirit make him a visionary worth celebrating.