Momentus adds San Jose building space with sublease from QuantumScape

SAN JOSE Momentus has struck a deal to sublease a big chunk of research and office space in San Jose from QuantumScape Battery in a deal that is poised to alter the respective South Bay footprints of each company The sublease involves the entire building at Automation Parkway in north San Jose according to a regulatory document that QuantumScape Battery a unit of QuantumScape Corp filed with the Securities and Exchange Commission Momentus headquarters office at North First Street in north San Jose Google Maps Related Articles Sale proposal for Berkeley hotel that faces foreclosure fizzles Zillow deleting home environment peril scores reveals limits of flood fire figures Blighted San Jose bus station site lands financing after owner buys it VTA hopes to fight downtown San Jose blight by bulldozing building JCPenney store in East Bay will close in two months amid bankruptcy The building that QuantumScape has agreed to sublease to Momentus totals square feet the regulatory filing with the SEC shows QuantumScape a creator of advanced battery technologies and Momentus a commercial space company whose products include low-orbit vehicles both have established their corporate headquarters in north San Jose Momentus will likely begin occupying the building sometime in The rental agreement for the building where Momentus will set up shop is slated to expire in September according to the QuantumScape filing with the SEC QuantumScape began leasing the building in late under a rental agreement that it had struck with the building s owner an affiliate of Peninsula Land Capital according to the SEC filings and a area description prepared at that time by Colliers a commercial real estate firm Momentus has its headquarters at North First St in San Jose QuantumScape s headquarters are at Automation Parkway in San Jose It wasn t without delay known whether Momentus would retain its North First Street headquarters once the sublease agreement begins QuantumScape is at present focusing more on evolving new battery technologies that it licenses to its auto industry partners such as the battery manufacturing arm of Volkswagen The company s rental deal with Momentus fits that QuantumScape strategy This sublease results in a smaller operational footprint consistent with the company s instrument licensing focus QuantumScape stated in the regulatory filing