Our Next Energy develops dual-chemistry battery technology, including the Gemini battery, which provides electric vehicles with over 600 miles of range on a single charge. The company addresses the need for safer, more sustainable energy storage solutions by utilizing lithium iron phosphate chemistry and a U.S.-based supply chain to reduce reliance on scarce materials.
Funding
$390M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
FWFounders
Product
Problem
Electric vehicles face limitations in range due to battery technology, hindering consumer adoption. Dependence on scarce materials and foreign supply chains for battery production raises concerns about sustainability and geopolitical risks.
Solution
Our Next Energy (ONE) develops and manufactures advanced battery technology for electric vehicles and grid storage, focusing on extended range, safety, and sustainable materials. Their dual-chemistry approach combines lithium iron phosphate (LFP) for everyday driving with a high-energy-density cell for long distances, significantly increasing range. ONE's Gemini battery pack achieves over 600 miles on a single charge in a BMW iX. The company prioritizes building a U.S.-based supply chain, reducing reliance on scarce materials like nickel and cobalt, and ensuring a more secure and environmentally responsible energy storage solution.
Target Audience
The primary target audience includes electric vehicle manufacturers seeking to increase vehicle range and improve battery safety, as well as grid storage operators looking for durable, safe, and sustainable energy storage solutions.
Features
- Gemini™ battery: Dual-chemistry architecture combining LFP and high-energy-density cells for 600+ miles of range
- Aries™ LFP battery: Durable LFP pack for trucks, boats, and grid storage applications
- Aries™ II battery: LFP pack for passenger vehicles delivering 350+ miles of range with no nickel or cobalt
- ONE Circle Gigafactory: Manufacturing facility capable of producing 240,000 Aries II and Gemini packs annually
- Focus on sustainable materials: Reducing reliance on scarce materials and building a U.S.-based supply chain
- Prioritization of safety: Reducing the risk of thermal runaway through chemistry and pack design