# Our Next Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/our-next-energy

- Industry: Energy Storage & Batteries
- Headquarters: Novi, US
- Website: www.one.ai
- Total disclosed funding: $391M
- Latest round: Series B (Feb 1, 2023)
- Investors on record: 12

## About

Our Next Energy, Inc. is a US-based company focused on developing advanced energy storage solutions, particularly for electric vehicles and renewable energy, aiming to meet the growing demand for sustainable energy technologies.Founded in 2020 and headquartered in Novi, Michigan, Our Next Energy, Inc. specializes in energy storage solutions. The company was established by Mujeeb Ijaz, who has a history in the energy industry. ONE has completed 7 funding deals with its latest being a Series B round on March 6, 2025, raising USD 300.00 mn led by notable investors such as Alpha Intelligence Capital and Temasek Holdings. The total amount raised by the company stands at USD 300.00 mn with a current valuation of USD 1,054.05 mn.Our Next Energy specializes in manufacturing advanced energy storage solutions, including electric vehicle batteries and renewable energy storage systems. Its product line features the Aries™ LFP lithium iron phosphate packs and the Gemini™ packs, which are engineered to provide industry-leading ranges of up to 608.1 miles on a single charge, catering to automotive manufacturers, energy providers, and industrial firms primarily in the U.S.The company's revenue is generated from the sale of battery products and energy storage systems, marketed directly to businesses in the automotive and energy sectors through direct sales agreements and partnerships. ONE's flagship products, including Aries™ LFP and Gemini™ packs, are tailored to meet specific client needs, with revenue generation bolstered by enhancements in U.S. manufacturing capabilities.On March 6, 2025, Our Next Energy raised an undisclosed amount of venture funding co-led by Trousdale Ventures, Ivanhoe Capital Corporation, and Crescent Global Partners LLC. This funding will be utilized to expand operations, supporting the launch of new products and entering additional markets. The company aims to continue its development of innovative energy storage technologies to cater to the expanding demands of the EV market.

## Funding rounds

- Series B, Feb 1, 2023, $300M — Temasek Holdings, Riverstone Holdings, Temasek Holdings, Coatue Management, BMW i Ventures, Breakthrough Energy Ventures, Fifth Wall Ventures, Volta Energy Technologies, Alpha Intelligence Capital, Franklin Templeton Investments, Assembly Ventures, Sente Ventures
- Series A, Mar 1, 2022, $65M — Flex Ltd., Coatue Management, BMW i Ventures, Breakthrough Energy Ventures, Volta Energy Technologies, Assembly Ventures
- Series A, Sep 30, 2021, $26M — Flex Ltd., BMW i Ventures, Breakthrough Energy Ventures, Volta Energy Technologies, Assembly Ventures

## Investors

- Flex Ltd. — Series A
- BMW i Ventures (https://capitalatlas.ai/funds/bmw-i-ventures) — Series A, Series B
- Breakthrough Energy Ventures (https://capitalatlas.ai/funds/breakthrough-energy-ventures) — Series A, Series B
- Volta Energy Technologies (https://capitalatlas.ai/funds/volta-energy-technologies) — Series A, Series B
- Assembly Ventures (https://capitalatlas.ai/funds/assembly-ventures) — Series A, Series B
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series A, Series B
- Temasek Holdings — Series B
- Riverstone Holdings (https://capitalatlas.ai/funds/riverstone-holdings) — Series B
- Fifth Wall Ventures (https://capitalatlas.ai/funds/fifth-wall-ventures) — Series B
- Alpha Intelligence Capital (https://capitalatlas.ai/funds/alpha-intelligence-capital) — Series B
- Franklin Templeton Investments — Series B
- Sente Ventures (https://capitalatlas.ai/funds/sente-ventures) — Series B