Valley Stream

BMW i Ventures Announces Investment in Battery Startup “Our Next Energy” – Valley Stream, New York

Valley Stream, New York 2021-10-21 00:04:45 –

BMW iVentures announces investment in Our next energy (ONE) is a Michigan-based energy storage solutions company working on the development of long-range, low-cost batteries for electric vehicles.

“Our Next Energy is committed to radically reinventing batteries, with a focus on sustainability, safety and cost. BMW iVentures partner Baris Guzel said: “We are convinced that our next energy has the potential to truly transform space, and we cannot be more excited to participate in their journey. bottom.”

ONE has demonstrated two proprietary technologies. The first, called “Aries,” uses lithium iron phosphate (LFP) chemistry in highly structured cells to pack architectures that reach very high cell-to-pack ratios and system-level energy densities. .. This increases battery range and reduces costs while eliminating nickel and cobalt-based chemicals. The second, called the “Gemini,” uses ONE’s unique energy management system and chemistry in a dual battery range extender architecture.

“BMW iVentures has a proven track record of successfully collaborating with startups with cutting-edge technologies to shape future mobility,” said Mujeeb Ijaz, CEO and founder of Our Next Energy. “We are excited to work with Barris and his team in working on a demonstration of core technology.”

Next Energy will use this investment to expand production of its first product.

visit www.bmwgroup.com For additional information.

Prepared by BMW.

BMW i Ventures Announces Investment in Battery Startup “Our Next Energy” Source link BMW i Ventures Announces Investment in Battery Startup “Our Next Energy”

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