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Our Next Energy, Inc.

Our Next Energy, Inc.

Private
Novi, MichiganEnergy & Sustainabilityhttps://one.ai/

Last Round

Strategic

Mar 6, 2025

Est. Valuation

$1.2B

Total Funding Raised

$675.5M

Company Overview

Our Next Energy, Inc. is an energy storage technology company that develops and manufactures advanced lithium iron phosphate (LFP) battery cells and energy storage systems for rail, defense, and utility-scale applications.

Sector

Energy & Sustainability

Verticals

Energy Storage, Electric Vehicles, Clean Transportation, Smart Grid

Business Model

B2B

Customer Profile

Hardware Sales

AI Layer

Non-AI

Keywords

battery technologyenergy storage systemslithium iron phosphateLFP batterydual-chemistry batteryelectric vehicle batteryEV batterybattery pack architecturegrid storagebattery manufacturingenergy densitycommercial fleet storageutility-scale storagebattery hardware

Historical Pricing

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Caplight Momentum Score

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Our Next Energy, Inc. Comparables

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Our Next Energy, Inc. comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Factorial Energy
80%
T1 Energy
76%
Contemporary Amperex Technology
74%

Our Next Energy, Inc. Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
StrategicMar 6, 2025
Series BFeb 1, 2023
GrantOct 5, 2022
DebtOct 5, 2022
SeedMay 30, 2022
Convertible Debt
Mar 1, 2022

Key People

Founding team and executive leadership

Mujeeb Ijaz

Founder And CEO, Founder And CTO, Our Next Energy

Founding Team

Paul Humphries

Chief Executive Officer

Executive Team

Carl Sickles

Sr. Director Engineering Program Management, Chief Operating Officer

Executive Team

Shazad Butt

Chief Operating Officer

Executive Team

Our Next Energy, Inc. Investors

Notable investors and investment history

Our Next Energy, Inc. investors
InvestorRounds
Ivanhoe Capital CorporationStrategic
TemasekSeries B
TechAvivSeed
Volta Energy TechnologiesConvertible Debt, Series A, Series B
Franklin TempletonSeries B
Trousdale VenturesStrategic
Alpha Intelligence CapitalSeries B

Market signals

Structured signals derived from secondary market and firmographic data.

  • Jan 1, 2026

    Largest EV customer cancelled contract, leading to 29 employee layoffs.

  • Jan 1, 2026

    29 employees impacted due to customer contract cancellation.

Our Next Energy, Inc. Filings

SEC and related filings with document metadata.

Data table
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Our Next Energy, Inc. Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersNovi, Michigan
Employee Range178
Year Founded2020
Last FundingMar 6, 2025

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