Our Next Energy Lands Additional $65M
Summary
NOVI, MI, Our Next Energy has raised $65 million following its $25 million Series A round. 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 ONEs Series A investors, including Breakthrough Energy Ventures, Assembly Ventures, Flex and Volta Energy Technologies. 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. (c)2011-2020 by Massinvestor, Inc. For contact info, please check out our about page.