Temasek participates in US-based EV battery maker ONE's $300m funding

Temasek participates in US-based EV battery maker ONE's $300m funding

FILE PHOTO: Our Next Energy (ONE) CEO Mujeeb Ijaz stands next to Aries lithium iron phosphate battery packs waiting to undergo testing at ONE's headquarters in Novi, Michigan, U.S., April 25, 2022. REUTERS/ Rebecca Cook

Michigan-based battery startup Our Next Energy (ONE) on Wednesday said it closed a $300 million Series B funding round that takes the three-year-old company’s valuation to $1.2 billion.

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