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EV battery startup ONE raises US$65 million to speed US plant plans

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Startup Our Next Energy said a new US$65 million funding round will enable it to accelerate development of a long-range battery and begin evaluating potential sites next quarter for its first US battery plant. Michigan-based ONE in December said a prototype of its new high-energy Gemini battery, retro

Startup Our Next Energy said a new US$65 million funding round will enable it to accelerate development of a long-range battery and begin evaluating potential sites next quarter for its first US battery plant.

The US plant initially will build ONE's new Aries battery, which uses an improved version of current lithium iron phosphate cells that eliminate such high-cost materials as cobalt and nickel.

 

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EV battery startup ONE raises $65 million to speed US plant plansMar 1 : Startup Our Next Energy said a new $65 million funding round will enable it to accelerate development of a long-range battery and begin evaluating potential sites next quarter for its first U.S. battery plant.Michigan-based ONE in December said a prototype of its new high-energy Gemini battery, re
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