Equinor Ventures invests in Our Next Energy (ONE)
Equinor Ventures is pleased to announce an investment in Our Next Energy (ONE). The company is a developer of transformative battery technology intended to significantly improve range while lowering the cost of batteries and electric propulsion systems.
ONE is a high density battery tech and product developer that has created 2 distinct EV packs optimized for specific mobility segments. The Aries product has been designed with last mile delivery trucks in mind, where the lowest TCO is prioritized over range. The Gemini product has been developed for passenger vehicles where longer range is periodically necessary.
The company uses machine learning and artificial intelligence to improve the life and safety of high-energy-density batteries and offers long-lasting power solutions enabling OEMs (Original Equipment Manufacturers) to reach the market range expectations.