"ONE did not release any details about the new funding round size, nor did it reply to a request for comment by the time of publication."
"At the time, ONE was facing a cash crunch; it had raised a massive $300 million in a Series B but was struggling to complete its financing."
Mujeeb Ijaz has resumed the role of CEO at Our Next Energy (ONE) after a brief period as CTO amidst financial struggles. The company recently closed a funding round with no disclosed details. Ijaz, who initially stepped down in December 2023 after a failed Series C fundraising, has led ONE in innovative battery technology development. The startup previously faced workforce layoffs due to financial difficulties and is building a significant battery factory in Michigan. With Ijaz returning, the company aims to navigate its financial challenges more effectively.
Read at TechCrunch
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