This Indian-Origin Techie Once Earned Rs 48 Crore A Day As CEO– Know Who He Is

Meet Jagdeep Singh, the former CEO of QuantumScape, who made headlines by earning Rs 48 crore (about 5.8 million dollars) daily. With an annual package of Rs 17,500 crore tied to stock options and performance targets, Singh had once become the highest-paid CEO globally.

Jagdeep Singh is no longer on the list of highest-paid CEOs presently. On February 15, 2024, Singh stepped down as QuantumScape’s CEO after the board approved his request on February 8. While he left the CEO position, Singh continues to play a key role as the Chairman of the Board.

 

Under Singh’s leadership, QuantumScape became a trailblazer in clean energy. Its groundbreaking solid-state battery technology revolutionized the EV industry by offering faster charging, enhanced safety, and superior performance compared to traditional lithium-ion batteries.

 

QuantumScape, with Singh at the helm, garnered investments from industry giants like Bill Gates and Volkswagen. His strategic leadership was pivotal in cementing the company’s position as a frontrunner in electric vehicle innovation.

 

On February 14, 2024, QuantumScape named its President, Dr. Siva Sivaram, as the new CEO, effective February 15. Jagdeep Singh transitioned to Chairman of the Board, ensuring his continued influence on the company’s strategic direction.

 

With degrees from Stanford and UC Berkeley, Jagdeep Singh’s expertise and vision reshaped the EV battery landscape. His journey continues to inspire innovation in clean energy, making him an icon in the tech and sustainability sectors.