Our Next Energy based in Michigan The company, which is developing advanced batteries for electric vehicles, has raised $25 million from investors ranging from German automaker BMW. to clean tech venture capital firms led by Microsoft co-founder Bill Gates, the young firm said Monday.
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ONE Series A investors include BMW iVentures, Detroit-based Assembly Ventures and Chicago-based Volta Energy Technologies, which is partnering with Argonne National Laboratories. Another investor is Singapore electronics maker Flex Ltd. which is a strategic partner with ONE
The round was led by Breakthrough Energy Ventures, the investment arm of Breakthrough Energy founded by Gates in 2015 to encourage and fund innovations to combat climate change. The company's investments in Kirkland, Washington include: Redwood Materials, a battery recycler Electric aircraft maker ZeroAvia and solid-state battery developer QuantumScape.
ONE, a one-year-old startup that just came out of stealth mode. It is working on a dual battery that combines a structured cell-to-pack design that uses a cobalt and nickel-free cathode. with the second high power pack that can charge the first car This could double the vehicle range to 750 miles.
