Michigan-Based Electric Vehicle Battery Start Our Next Energy Secures $ 25 Million Series A

The first transatlantic mobility fund – Assembly companies – announced his investment in Our Next Energy Inc (ONE) of Michigan, an energy solutions company.

What happened: In an attempt to increase the autonomy of electric vehicles and promote their adoption, ONE is focused on reducing the costs of electric vehicles while adopting chemistries that do not pose a risk of thermal runaway.

By accelerating growth – through the addition of talent and investment in research and development – ONE has secured a $ 25 million Series A from Assembly Ventures, Breakthrough Energy Ventures, BMW i Ventures, Flex Ltd. (NASDAQ: FLEX) and Volta Energy Technologies.

“Mujeeb and her team at ONE are building breakthrough technology that will help drive the adoption of electric vehicles, and at Assembly Ventures, we’re excited to be part of the journey,” said Jessica Robinson, co-founder and partner of Assembly Ventures based. in Detroit.

“The battery space remains ripe for investment, but we believe ONE stands out with its innovations in power management and a dual battery approach, which together can harness high-density energetic chemistries to expand considerably the range of batteries. “

Why is this important: With its range extension technologies and initiatives to streamline battery production on a larger scale, ONE is making electric vehicle ownership more tangible for consumers.

“The reality that the range estimated by the EPA doesn’t always stand up to real-world driving today is something we have to be honest about as an industry,” Robinson added. “Achieving real ranges that consumers and fleet managers can rely on will be key to driving the adoption of electric vehicles.. “

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