Announced
Completed
Financials
Tags
Private Equity
Acquisition
Friendly
Completed
Minority
Private
Venture Capital
Cross Border
Single Bidder
United States
energy storage
Electrical Components
Synopsis
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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