Founded Year

2020

Stage

Series C | Alive

Total Raised

$610M

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+99 points in the past 30 days

About Our Next Energy

Our Next Energy is involved in energy storage solutions for the electric vehicle and renewable energy sectors. The company develops lithium iron phosphate batteries that serve to extend the range and improve the safety of electric vehicles, as well as provide energy storage for the grid. It was founded in 2020 and is based in Novi, Michigan.

Headquarters Location

45145 West Twelve Mile Road

Novi, Michigan, 48377,

United States

248-716-4111

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ESPs containing Our Next Energy

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Industrials / Energy Tech

Battery cathode developers are companies that specialize in researching, developing, and producing cathode materials like lithium iron phosphate (LFP, also known as lithium ferrous phosphate or LiFePO4) for use in rechargeable batteries. These materials are crucial components in the production of lithium-ion batteries, which are used in a wide range of electronic devices, electric vehicles, and en…

Our Next Energy named as Highflier among 10 other companies, including Microvast, Morrow Batteries, and Mitra Chem.

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Research containing Our Next Energy

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Our Next Energy in 1 CB Insights research brief, most recently on Apr 26, 2023.

Expert Collections containing Our Next Energy

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Our Next Energy is included in 4 Expert Collections, including Auto Tech.

A

Auto Tech

3,978 items

Companies working on automotive technology, which includes vehicle connectivity, autonomous driving technology, and electric vehicle technology. This includes EV manufacturers, autonomous driving developers, and companies supporting the rise of the software-defined vehicles.

U

Unicorns- Billion Dollar Startups

1,276 items

E

Energy Storage

5,350 items

Companies in the Energy Storage space, including those developing and manufacturing energy storage solutions such as lithium-ion batteries, solid-state batteries, and related software for battery management.

A

Artificial Intelligence

10,047 items

Our Next Energy Patents

Our Next Energy has filed 35 patents.

The 3 most popular patent topics include:

  • rechargeable batteries
  • energy storage
  • battery electric cars
patents chart

Application Date

Grant Date

Title

Related Topics

Status

12/16/2022

3/18/2025

Rechargeable batteries, Lithium-ion batteries, Sensors, Battery (electricity), Energy storage

Grant

Application Date

12/16/2022

Grant Date

3/18/2025

Title

Related Topics

Rechargeable batteries, Lithium-ion batteries, Sensors, Battery (electricity), Energy storage

Status

Grant

Latest Our Next Energy News

Turkish Pomega tapped as key production hub by US battery startup ONE

May 20, 2025

Turkish Pomega tapped as key production hub by US battery startup ONE 20/05/2025 Pomega Energy Storage Technologies, a subsidiary of Turkish industrial technology group Kontrolmatik, has signed a binding and exclusive agreement with Michigan-based battery startup Our Next Energy Inc. (ONE) to jointly manufacture lithium-iron phosphate (LFP) battery cells. Under the agreement, Pomega will begin producing ONE’s proprietary 314 ampere-hour (Ah) LFP cells at its gigafactory near Ankara starting in 2026. Initial production capacity is expected to reach 2 gigawatt-hours (GWh), with a planned expansion to 5 GWh annually by 2027. This Türkiye-based production line is intended to complement ONE’s $1.6 billion gigafactory in Novi, Michigan, which is scheduled to launch operations in 2027.By outsourcing a portion of its cell production to Pomega, ONE aims to accelerate time-to-market for its battery modules, which are primarily used in grid-scale storage and data center applications. Türkiye’s emerging role in global battery supply Related Articles 25/09/2021 Pomega’s Ankara facility, which is billed as the region’s first and only private-sector LFP cell and energy storage system manufacturer to pass international tests, plays a strategic role in both firms’ plans to expand internationally. The production will strictly adhere to ONE’s technical specifications and serve global export markets, particularly North America and Europe. Mujeeb Ijaz, CEO and founder of ONE, emphasized the significance of establishing a manufacturing base in Türkiye. “By partnering with Pomega, the largest independent LiFePO4 cell producer in Europe, we are helping our customers cope with tariff uncertainties while advancing our goal of full domestic production by 2027,” he said. Joint EPC plans in progress In addition to battery manufacturing, the two companies are exploring a deeper joint venture structure that would cover engineering, procurement, and construction (EPC) services at ONE’s Michigan plant. Kontrolmatik’s prior experience in launching the Ankara gigafactory is expected to be leveraged in this context. Kontrolmatik Chairman Sami Aslanhan expressed enthusiasm for the expanded partnership, noting that Pomega’s facility features advanced automation, rigorous quality controls, and scalable capacity. “We are excited not only to support ONE’s mission but also to extend this long-term industrial partnership into EPC and project development areas,” he stated. Shifting away from Chinese tech reliance Founded just five years ago, ONE has been championed as a key player in the U.S. push to build a domestic battery industry and reduce reliance on Chinese technology. However, the company has faced recent hurdles, including rounds of staff reductions and ongoing capital fundraising efforts. Meanwhile, Istanbul-based Kontrolmatik has expanded rapidly across sectors ranging from batteries to satellite technology, positioning itself to meet the rising demand for non-Chinese alternatives in Western markets. Source: turkiyetoday

Our Next Energy Frequently Asked Questions (FAQ)

  • When was Our Next Energy founded?

    Our Next Energy was founded in 2020.

  • Where is Our Next Energy's headquarters?

    Our Next Energy's headquarters is located at 45145 West Twelve Mile Road, Novi.

  • What is Our Next Energy's latest funding round?

    Our Next Energy's latest funding round is Series C.

  • How much did Our Next Energy raise?

    Our Next Energy raised a total of $610M.

  • Who are the investors of Our Next Energy?

    Investors of Our Next Energy include Trousdale Ventures, Ivanhoe Capital, Crescent Ventures, Oman Investment Authority, Coatue and 18 more.

  • Who are Our Next Energy's competitors?

    Competitors of Our Next Energy include iM3NY.

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Compare Our Next Energy to Competitors

i
iM3NY

iM3NY is a manufacturer focused on lithium-ion cell production within the energy sector. The company produces cells for electric vehicles and stationary energy storage systems, utilizing phosphate-based chemistry. iM3NY serves sectors that require energy storage and electric vehicle batteries, including automotive and renewable energy. It is based in Vestal, New York.

Camel Group Logo
Camel Group

Camel Group Co., Ltd. is a manufacturer in the automotive battery sector, producing lead-acid and lithium-ion batteries. The company offers products such as low-voltage batteries for vehicles and energy storage solutions, along with AGM and EFB technologies for various applications. Camel Group serves the automotive industry with its battery solutions. It was founded in 1980 and is based in Wuhan, Hubei.

Desay Battery Logo
Desay Battery

Desay Battery is involved in the research, development, manufacturing, and sales of energy storage batteries and power battery systems. The company provides battery management systems (BMS) and battery pack assembly (PACK) services, targeting end customers such as electric vehicle manufacturers. Desay Battery's products are used in smart devices, laptops, medical equipment, electric vehicles, power tools, and home storage solutions. It was founded in 1983 and is based in Shenzhen, China.

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