Our Next Energy IPO

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.

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Is Our Next Energy a publicly traded company?

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.

Will Our Next Energy go IPO?

Our Next Energy 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.

What is Our Next Energy's IPO price?

The IPO price for Our Next Energy will be known only if it becomes public. However, you may access the "Price At Last Round" and the "Implied EV" for publicly traded comparable companies with Forge Data.

Can you invest in Our Next Energy pre-IPO?

Our Next Energy is privately held company and is not publicly traded, therefor investing in Our Next Energy 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.

What is the value of my Our Next Energy shares?

To determine the value of your Our Next Energy shares, create a free account to gain access to Forge’s platform. Forge Markets contains pricing information for hundreds of pre-IPO companies. A Private Market Specialist will also be available to assist you with any inquiries related to your Our Next Energy shares. You can also learn more about how to sell your private shares before getting started.

Can you sell Our Next Energy before it goes public?

Yes, you can seek to sell shares in Our Next Energy 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.

What is Our Next Energy's funding to date?

Our Next Energy has raised $338.16MM to date.

When was Our Next Energy founded?

Our Next Energy was founded in 2020.

Who are Our Next Energy's major investors?

Coatue

Temasek

Fifth Wall

BMW i Ventures

Franklin Templeton Investments

Breakthrough Energy Ventures

Baruch Future Ventures

tr.pe

Sente Ventures

AI Capital

flex

VOLTA Energy Technologies

River Stone

Assembly Ventures

Our Next Energy funding rounds and last known valuation

Date	Funding Round	Funding Raised	Price per Share	Last Known Valuation
2/1/2023	Series B-1 and B-2	$249.94MM raised	$XXX.XX	$XXX.XX
3/1/2022	Series B-3	$62.62MM raised	$XXX.XX	$XXX.XX
10/18/2021	Series A-1, A-2, A-3 and A-4	$25.6MM raised	$XXX.XX	$XXX.XX

Based on primary financings

Frequently Asked Questions

Updated on: Jul 26, 2024

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Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.