Under the Radar: Michigan’s Our Next Energy on US$1.2b valuation; US$300m Series B funding; assessment of the battery market; manufacturing of LFP batteries; building of US gigafactory; tapping US Inflation Reduction Act; Strategic value of latest round of investors including Temasek

Your Way Home with Hongbin Jeong · Mar 1, 2023 · 12m

Batteries are on the table today, and no - we are not talking about your AAA batteries here. Rather, we’re going to talk about lithium iron phosphate batteries that can be used to power electric vehicles, as well as battery packs and grids that can be used to power factories, data centres and communities. On that note, a Michigan startup called Our Next Energy is aiming to double the range of electric vehicles with such battery solutions. It is also aiming to do so in a more sustainable way by using materials that are abundant in supply and available locally. But how does it actually work and…