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 (ONE) is a private company and not publicly traded.
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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 through mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.
Our Next Energy (ONE) is privately held company and is not publicly traded, therefor investing in Our Next Energy (ONE) pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can register for Forge’s Secondary Marketplace to invest in private companies before their potential IPO. If you are not an accredited investor, discover how to begin the the process to potentially qualify for new investment opportunities.
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Yes, you can seek to sell shares in Our Next Energy (ONE) while it remains private. If you are considering selling, you can register today for free to get started. Once registered, a Private Market Specialist will guide you through any questions you might have. You may also continue to browse through our resources to help you understand the implications and procedures involved in selling your private market shares.