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New Deal


Announced

Completed

Fifth Wall and Franklin Templeton led a $300m Series B round in Our Next Energy.

Financials

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Transaction Value£243m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Acquisition

Friendly

Completed

Minority

Private

Venture Capital

Cross Border

Single Bidder

United States

energy storage

Electrical Components

Synopsis

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Fifth Wall and Franklin Templeton led a $300m Series B round in Our Next Energy, a Michigan-based energy storage technology company, with participation from Temasek, Riverstone Holdings and Coatue. "Batteries are a fundamental component of the global energy transition economy. ONE is firmly at the forefront of driving this systemic shift. We believe ONE's next-generation mobility and stationary storage applications are a game changer and are set to transform the $100B+ battery market. We're thrilled to be a part of the company's category-defining growth," Peter Gajdoš, Fifth Wall Partner & Co-Head of The Climate Technology Investment Team.

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