Our Next Energy
Founded Year
2020Stage
Unattributed | AliveTotal Raised
$610MMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-135 points in the past 30 days
About Our Next Energy
Our Next Energy operates an energy storage technology company. The company focuses on engineering batteries that help accelerate electrification. It offers more sustainable raw materials by establishing a localized supply chain. Its products are Aries LFP, Aries II, Gemini, Aries Grid. It was founded in 2020 and is based in Novi, Michigan.
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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.
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 Leader among 9 other companies, including Mitra Chem, Morrow Batteries, and Microvast.
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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.
Apr 26, 2023 report
The State of CVC in 5 charts: Funding falls to a 5-year low in Q1’23Expert 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 3 Expert Collections, including Auto Tech.
Auto Tech
3,971 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.
Unicorns- Billion Dollar Startups
1,244 items
Energy Storage
5,352 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.
Our Next Energy Patents
Our Next Energy has filed 22 patents.
The 3 most popular patent topics include:
- rechargeable batteries
- battery electric cars
- electric cars
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
9/17/2021 | 8/27/2024 | Rechargeable batteries, Automotive technologies, Battery electric cars, Electric cars, Hybrid electric cars | Grant |
Application Date | 9/17/2021 |
|---|---|
Grant Date | 8/27/2024 |
Title | |
Related Topics | Rechargeable batteries, Automotive technologies, Battery electric cars, Electric cars, Hybrid electric cars |
Status | Grant |
Latest Our Next Energy News
Nov 13, 2023
Photo: Ijaz, at company headquarters. Photo: Courtesy ONE In the 2000s, Mujeeb Ijaz—managing a team that made experimental electric vehicles for Ford—designed a sedan that would operate on two batteries rather than just one, like most EVs even today. One battery would be conventional lithium-ion, and the other a hydrogen fuel cell. The magic of the approach was that the car—a Ford Focus—could deliver hundreds of miles of range, which was a lot for the time: When the lithium-ion battery was exhausted, the fuel cell would replenish it. Ijaz and the engineers who worked for him demonstrated the vehicle for company executives, who watched but shelved it. Today, the dual-battery Focus is all but forgotten. Two decades later, Ijaz has adopted the same concept at Our Next Energy, a Novi, Mich.-based next-generation battery company that he founded in 2020. The 56-year-old Ijaz is using two lithium-ion batteries in a pack that has delivered 600 miles of driving range in a BMW prototype. One battery is workaday lithium-iron-phosphate; the other is nickel-led, and serves to refill the LFP-led battery when it’s empty. In what so far has been a dizzyingly fast scale-up of his technology, Ijaz hopes to produce one of the least expensive long-range batteries on the market and help to enable affordable, mass-market EVs. Join now to read the full story Get access to exclusive coverage Read deeply reported stories from the largest newsroom in tech.
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. 12 Mile Road, Novi.
What is Our Next Energy's latest funding round?
Our Next Energy's latest funding round is Unattributed.
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 Oman Investment Authority, Coatue, Sente Ventures, Riverstone Holdings, AI Capital and 13 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
iM3NY is an independent lithium-ion cell manufacturer, focusing on the energy sector. The company's main offerings include lithium-ion cells for electric automotive needs, such as scooters, bikes, cars, buses, trucks, boats, and planes, as well as for stationary energy storage, which aids in the implementation of solar, wind, and other microgrids. iM3NY primarily serves sectors such as transportation, manufacturing, distribution, and home devices. It is based in Vestal, New York.
Contemporary Amperex Technology specializes in advanced battery technology and new energy solutions within the energy sector. The company offers a range of products including electric vehicle batteries, energy storage systems, and customized power solutions for various applications. Its primary customers are in the electric vehicle industry and the broader energy storage market. It was founded in 2011 and is based in Ningde, Fujian.
Camel Group (骆驼股份) (SHA: 601311) offers R&D, production and sales of lead-acid batteries, lithium-ion batteries and energy storage systems. Camel batteries are widely used in cars, trucks, RV vehicles, agricultural vehicles, golf carts, electric vehicles, residential and portable energy storage and other applications. Camel Group and its subsidiaries cover the entire industrial chain of R&D, production, sales, logistics and recycling for battery technology. The company serves the automotive and energy sectors. It was founded in 1980 and is based in Wuhan, China.
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