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Our Next Energy, Inc.

Our Next Energy, Inc.

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

Last Round

Strategic

Mar 8, 2025

Est. Valuation

$1.2B

Total Funding Raised

$613M

Momentum

Quiet

No recent growth signals

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 storagelithium iron phosphateLFPdual-chemistry batteryelectric vehicle batteryEV batteryenergy storage systemESSbattery packgrid storagerange extensionbattery manufacturerclean energy hardware

Historical Pricing

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Caplight Momentum Score

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Our Next Energy, Inc. Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Our Next Energy, Inc. Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
StrategicMar 8, 2025
Series BFeb 1, 2023
GrantOct 5, 2022
DebtOct 5, 2022
SeedMay 30, 2022
Series A Extension
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

InvestorRounds
Ivanhoe Capital CorporationStrategic
TemasekSeries B
TechAvivSeed
Volta Energy TechnologiesSeries A, Series A Extension, Series B
Franklin TempletonSeries B
Trousdale VenturesStrategic
Breakthrough Energy VenturesSeries A Extension, Series B, Series A

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.

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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 8, 2025

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Disclaimer All investments involve risk, including the risk of loss of principal. You should carefully consider your investment objectives, risks, transaction costs and other expenses before deciding to invest in options, swaps or other investments.This does not constitute an offer by Caplight Technologies, Inc. to sell, or a solicitation of an offer to buy, any securities and may not be used or relied upon in connection with any offer or sale of securities. An offer or solicitation can be made only through the delivery of final offering document(s) and purchase agreement(s), and will be subject to the terms and conditions and risks delivered in such documents. Any securities offered are offered through Caplight Markets LLC, member FINRA/SIPC.