In December 2022, REL invested $11.5 million of its $12.5 million commitment to Our Next Energy's (ONE) $300 million Series B round, valuing the company at over $1 billion.
ONE is a Michigan-based energy storage technology company working to develop batteries for mobility and large-scale storage applications. ONE will use the proceeds of the round to complete ONE Circle, its Van Buren Township, Michigan facility, which will be its first Lithium Iron Phosphate (LFP) battery manufacturing plant.
Find out more on the Our Next Energy, Inc. website.
Location: United States, Michigan, Novi
Total raised: $390M
Valuation: $1B
Investors 4
Date | Name | Website |
- | Detroit Ve... | detroit.vc |
- | Riverstone... | riverstone... |
22.10.2021 | Breakthrou... | breakthrou... |
- | Assembly V... | assemblyve... |
Funding Rounds 3
Date | Series | Amount | Investors |
01.02.2023 | Series B | $300M | - |
02.03.2022 | Series A | $65M | - |
18.10.2021 | Series A | $25M | - |
Mentions in press and media 14
Date | Title | Description | Source |
06.03.2023 | Our Next Energy (ONE) to Build Battery Storage System Manufa... | Charleston, WV, March 06, 2023 (GLOBE NEWSWIRE) -- West Virginia Gov. Jim Justice announced today th... | einpresswi... |
01.02.2023 | Our Next Energy (ONE) Raises $300 Million in Series B Equity... | ONE's Series B was led by Fifth Wall and Franklin Templeton and marks a fundraising transition from ... | einpresswi... |
01.02.2023 | Battery darling Our Next Energy lands massive $300M Series B... | Battery startup Our Next Energy announced this morning that it closed a massive $300 million Series ... | techcrunch... |
01.02.2023 | Our Next Energy Raises $300M in Series B Equity; Valued at O... | ONE’s first battery cell factory, ONE Circle Our Next Energy, a Novi, MI-based energy storage techn... | finsmes.co... |
11.11.2022 | Bollinger to fit commercial vehicles with ONE batteries | Bollinger Motors has contracted Our Next Energy (ONE) to supply battery packs for its commercial veh... | electrive.... |
13.09.2022 | Our Next Energy debuts exotic new battery made from cheap, a... | The energy transition is just getting warmed up. For proof, see Our Next Energy. The Michigan-based ... | techcrunch... |
02.03.2022 | Our Next Energy Raises Additional $65M in Series A Funding | Our Next Energy, Inc., a Novi, Michigan-based energy storage technology company, raised $65M in Seri... | finsmes.co... |
01.03.2022 | Our Next Energy Lands Additional $65M | NOVI, MI, Our Next Energy has raised $65 million following its $25 million Series A round. >&g... | vcnewsdail... |
16.01.2022 | Michigan Startup’s Gemini Battery Powers Tesla For 752 Miles... | Our Next Energy Inc., a Michigan battery technology company, has demonstrated a proof-of-concept ...... | forbes.com... |
18.10.2021 | Our Next Energy closes $25M Series A for battery tech with b... | Michigan-based startup Our Next Energy (ONE) has closed a $25 million Series A for tech that it says... | techcrunch... |
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