Secondary Marketplace / Explore Private Companies / Our Next Energy (ONE) IPO
Our Next Energy (ONE) Our Next Energy (ONE) IPO
$1.2B
Series B-2 Valuation, Feb 2023
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Company Details

Our Next Energy was founded in 2020 by Mujeeb Ijaz. In November 2023, the Financial Post reported, “The company has raised a total of $390 million from private investors including Bill Gates’ Breakthrough Energy Ventures, Franklin Templeton, BMW’s venture arm, and Detroit-based Assembly Ventures.” Additionally, the Post also noted that Our Next Energy has “received at least $215 million in grants and financing from the state of Michigan for its battery plant.” While growth is forecasted for Our Next Energy as the demand for the energy sector increases, the company has not officially endorsed plans to participate in an IPO.

Our Next Energy is an energy storage company developing electric vehicle batteries with longer functional ranges than its competitors. The company is focused on using affordable, readily available materials in its products. Per Forge data, Our Next Energy has raised $390 million as of September 2023, and as of February 2023, has a valuation of $1.2 billion. Key investors include Oman Investment Authority, Alpha Intelligence Capital, Equinor Ventures, Fifth Wall, Riverstone Holdings, Sente Ventures, and Temasek Holdings.

These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

Sector
Founded
2020
Forge Price 1
Price not yet available
Post-Money Valuation 3
$1.2B
Total Funding
$338.16MM
LFR Price per Share
$xx.xx
Last Funding Share Class
Series B-2

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To learn more about Our Next Energy (ONE) potential IPO

Will Our Next Energy (ONE) go IPO?

Our Next Energy (ONE) has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2025.

What is Our Next Energy (ONE)’s IPO price?

The Our Next Energy (ONE) IPO price does not exist at this time, as Our Next Energy (ONE) is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to Our Next Energy (ONE) register for Forge Markets, today.

When was Our Next Energy (ONE) founded?

Our Next Energy (ONE) was founded in 2020.

What is Our Next Energy (ONE) funding to date?

Our Next Energy (ONE) has raised $338.16MM to date.
Our Next Energy (ONE) Major Investors
Fifth Wall
Volta Energy Technologies
River Stone
Assembly Ventures
Sente Ventures
Breakthrough Energy Ventures
Franklin Templeton
Ai Capital
Temasek
Bmw I Ventures
Coatue
Flex
Tr.Pe
Baruch Future Ventures
Franklin Templeton Investments

Our Next Energy (ONE) Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
02/01/2023 Series B-1 $99.94MM $xx.xx $1.2B Fifth Wall, Franklin Templeton
Price per Share
$xx.xx
Shares Outstanding
8,001,565
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Fifth Wall, Franklin Templeton
02/01/2023 Series B-2 $150MM $xx.xx $1.2B Fifth Wall, Franklin Templeton
Price per Share
$xx.xx
Shares Outstanding
10,918,063
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Fifth Wall, Franklin Templeton
03/01/2022 Series B-3 $62.62MM $xx.xx $588.4MM Assembly Ventures, Bmw I Ventures, Breakthrough Energy Ventures, Flex, Volta Energy Technologies
Price per Share
$xx.xx
Shares Outstanding
6,267,508
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Assembly Ventures, Bmw I Ventures, Breakthrough Energy Ventures, Flex, Volta Energy Technologies
10/18/2021 Series A-2 $549,846.19 $xx.xx $74.15MM Assembly Ventures, Bmw I Ventures, Breakthrough Energy Ventures, Flex, Volta Energy Technologies
Price per Share
$xx.xx
Shares Outstanding
1,789,165
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Assembly Ventures, Bmw I Ventures, Breakthrough Energy Ventures, Flex, Volta Energy Technologies
10/18/2021 Series A-3 $1.25MM $xx.xx $74.15MM Assembly Ventures, Bmw I Ventures, Breakthrough Energy Ventures, Flex, Volta Energy Technologies
Price per Share
$xx.xx
Shares Outstanding
2,593,795
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Assembly Ventures, Bmw I Ventures, Breakthrough Energy Ventures, Flex, Volta Energy Technologies
10/18/2021 Series A-4 $999,999.47 $xx.xx $74.15MM Assembly Ventures, Bmw I Ventures, Breakthrough Energy Ventures, Flex, Volta Energy Technologies
Price per Share
$xx.xx
Shares Outstanding
976,810
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Assembly Ventures, Bmw I Ventures, Breakthrough Energy Ventures, Flex, Volta Energy Technologies
10/18/2021 Series A-1 $22.8MM $xx.xx $74.15MM Assembly Ventures, Bmw I Ventures, Breakthrough Energy Ventures, Flex, Volta Energy Technologies
Price per Share
$xx.xx
Shares Outstanding
17,816,945
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Assembly Ventures, Bmw I Ventures, Breakthrough Energy Ventures, Flex, Volta Energy Technologies
Private Companies Exploring an IPO
Last Funding Round
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CerebrasCerebras$40.08+9.9%$xx.xxSeries F-1$2.84B$xx.xx$85MM
CoreWeaveCoreWeave$1,149.84+18.78%$xx.xxSeries C$19B$xx.xx$1.15B
ChimeChime$24.86-0.04%$xx.xxSeries G$24.93B$xx.xx$1.1B
KlarnaKlarna$370.00-1.33%$xx.xxUnknown$6.7B$xx.xx--
TuroTuro$13.51-0.3%$xx.xxSeries E$1.24B$xx.xx$240.52MM
CircleCircle$24.71+2.49%$xx.xxSeries F$8.05B$xx.xx$401MM
NetskopeNetskope$11.07+2.98%$xx.xxSeries H$7.5B$xx.xx$300MM
Liquid DeathLiquid Death$9.47-0.11%$xx.xxSeries F-1$1.4B$xx.xx$67.61MM
CohesityCohesity$15.66-18.31%$xx.xxSeries H-1$4.69B$xx.xx$27.5MM
MNTNMNTN----$xx.xxSeries D$2.21B$xx.xx$119MM

Updated on: Jan 17, 2025

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