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 Series A funding.

This new funding round, which followed a $25M Series A in October 2021, was led by BMW i Ventures with participation from Coatue Management, Breakthrough Energy Ventures, Assembly Ventures, Flex and Volta Energy Technologies.

The company intends to use the funds to expand its operations and prepare for demand and customer activity.

Led by Mujeeb Ijaz, Founder and CEO, Our Next Energy is a developer of innovative energy storage technology. The company focuses on safer battery chemistries that use sustainable raw materials while creating a reliable, low cost and conflict-free supply chain. The company will begin production of its first product, Aries^TM, in late 2022 and will demonstrate a production prototype Gemini^TM battery in 2023.

FinSMEs

02/03/2022