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Our Next Energy raises $95 million
Energy storage developer Our Next Energy Inc. said it raised $95 million in a new round of funding to help boost its plans to build a battery plant in the United States.
Crain's previously reported that the factory will be used to produce the Novi-based company's Aries battery pack for four customers. The company is contracting with an undisclosed tier 1 automotive supplier in Southeast Michigan to set up a factory line where its Aries battery will be brought out of the R&D lab and into mass production, founder and CEO Mujeeb Ijaz told Crain's in January.
The latest funding round was led by BMW i Ventures, with New York-based private equity firm Coatue Management joining as a new investor.
In October, Our Next Energy raised $25 million in a first round of investments, and several original investors joined in the latest funding efforts.
Crain's previously reported that the factory will be used to produce the Novi-based company's Aries battery pack for four customers. The company is contracting with an undisclosed tier 1 automotive supplier in Southeast Michigan to set up a factory line where its Aries battery will be brought out of the R&D lab and into mass production, founder and CEO Mujeeb Ijaz told Crain's in January.
The latest funding round was led by BMW i Ventures, with New York-based private equity firm Coatue Management joining as a new investor.
In October, Our Next Energy raised $25 million in a first round of investments, and several original investors joined in the latest funding efforts.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.