One: Raises Additional $65M in Series A Funding

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