Press Coverage
Battery startup ONE aims to slash cell cost, deliver 600-mile range
-Reuters
ONE strikes deal with BMW to power iX electric SUV
-Fox Business
BMW to test long-range battery made by Michigan-based startup
-Fox Business
BMW iX to Test Experimental Battery Claiming 600 Miles of Range
-Car and Driver
How Your Electric BMW Could Have 600 Miles of Range in the Future
-MotorTrend
Dual-chemistry battery tech could push BMW’s iX EV to 600-mile range
-Tech Crunch
Battery Startup Promises to Give a BMW iX 600 Miles of Range
-Jalopnik
Michigan battery startup aims for 600 miles of range for EV prototype
-Crain's
DETROIT, Mich., June 14, 2022 – Our Next Energy (ONE), the Michigan-based energy storage company, has signed an agreement with BMW Group to incorporate ONE’s Gemini™ Dual-Chemistry battery technology into the BMW iX all-electric Sports Activity Vehicle. ONE’s unique long-range Gemini technology reduces lithium use by 20% while reducing graphite use by 60% and minimizing the use of nickel and cobalt. In doing so, ONE is creating more sustainable energy storage technology that can significantly reduce environmental impact.
The prototype vehicle is expected to be completed by the end of the year.
“We are thrilled to be working with BMW to demonstrate our Gemini long-range battery technology to consumers,” said Mujeeb Ijaz, founder and CEO of ONE. “As EV adoption grows, drivers are learning that real-world conditions can significantly reduce the performance of their batteries. Common situations like maintaining highway speeds, winter temperatures, climbing mountains, towing, or a combination of all four things present challenges to electric vehicles. We plan to pack twice as much energy into batteries, so EVs can easily handle long-distance driving in real-world conditions.”
“We are well-positioned to incorporate ONE’s IP into BMW’s SAV line,” said Jürgen Hildinger, BMW Group New Technologies Head of High Voltage Storage. “We are confident that given economic viability, this can lead to commercial opportunities and strategies to integrate ONE’s battery technologies into models of our future BEV product line-up.”
BMW i Ventures, the Silicon Valley-based venture capital arm of the automaker, is an investor in ONE and has recently led a $65M funding round. “Our Next Energy is working to fundamentally reinvent the battery while focusing on sustainability, safety, and cost; three key factors which will help speed the development and adoption of battery electric vehicles,” said Baris Guzel, partner at BMW i Ventures.
ONE’s mission to reimagine the battery aligns with the sustainability and cost objectives of automotive companies like BMW Group, helping solve the challenge of increasing the range of electric vehicles responsibly.
Media Contact
media@one.ai
The prototype vehicle is expected to be completed by the end of the year.
“We are thrilled to be working with BMW to demonstrate our Gemini long-range battery technology to consumers.”
Our Next Energy, Inc. (ONE) is a Michigan-based energy storage technology company focused on engineering batteries that will accelerate electrification. Our vision is simple: Double the range of electric vehicles; use safer, more sustainable raw materials; and establish a localized supply chain.
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