Battery darling Our Next Energy lands massive $300M Series B to build gigafactory

Battery startup Our Next Energy announced this morning that it closed a massive $300 million Series B in an effort to get its $1.6 billion gigafactory up and running.
The new round values the company at $1.2 billion post-money, marking a stunning rise for the two-and-a-half-year-old company, which closed a $25 million Series A in October 2021 and a $65 million Series A1 in March 2022.
Founded by Mujeeb Ijaz — a veteran of Ford, A123 Systems and Apple’s automotive effort — ONE has focused its efforts on finding low-cost, highly available materials for its battery chemistries. The gigafactory in

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