Forge Investment Outlook Q2 2024Road to Recovery: Private Market Accelerates in Q1
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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.
Our Next Energy is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.
If you own Our Next Energy pre-IPO shares and are considering selling, you can find what your shares could be worth on Forge’s secondary marketplace.
Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. You can also learn more about how to sell your private shares before getting started.
Our Next Energy is a private company and not publicly traded.
If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.
