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Meet Jagdeep Singh, the Indian-origin tech boss who gets paid Rs 48 crore a day

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Jagdeep Singh, founder and former CEO of QuantumScape earns an eye-popping Rs 17,500 crore annually. The Indian-origin tech boss, who founded the leading electric vehicle (EV) battery company, rakes a
Jagdeep Singh, the Indian-origin founder and former CEO of QuantumScape, a company focused on developing solid-state lithium-metal batteries for electric vehicles, has garnered attention for his substantial compensation. In 2022, Singh earned a salary of $5.8 million (approximately Rs 48 crore), which equates to about Rs 13 lakh daily. This high compensation was part of a broader package that included stock options and bonuses, reflecting his significant role in leading QuantumScape towards its goal of revolutionizing battery technology. Despite stepping down as CEO, Singh remains a key figure in the company, now serving as the chairman of the board, while the company continues its efforts to commercialize its innovative battery technology.

Read the Full Firstpost Article at:
[ https://www.firstpost.com/explainers/jagdeep-singh-indian-origin-founder-ex-ceo-quantumscape-salary-48-crore-daily-13850157.html ]