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Our Next Energy Lands Additional $65M

2022-03-01
NOVI, MI, Our Next Energy has raised $65 million following its $25 million Series A round.
Our Next Energy, (ONE), an energy storage technology company, has raised $65M following its $25M Series A that was led by Breakthrough Energy Ventures in October 2021. This new funding round, led by BMW i Ventures, will allow ONE to expand its operations and prepare for increasing demand and customer activity. In addition, recent investment was joined by Coatue Management, a New York-based investment firm with ~$60B of assets under management, and ONE's Series A investors, including Breakthrough Energy Ventures, Assembly Ventures, Flex and Volta Energy Technologies.

Our Next Energy (ONE) is a developer of innovative energy storage technology. Founded in 2020 by Mujeeb Ijaz, a battery systems engineer with more than 30 years of experience, the ONE team is focused on safer battery chemistries that use sustainable raw materials while creating a reliable, low cost and conflict-free supply chain. ONE will begin production of its first product, AriesTM, in late 2022 and will demonstrate a production prototype GeminiTM battery in 2023.
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