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Our Next Energy (ONE) has named Mujeeb Ijaz as CEO, replacing Paul Humphries, and secured a strategic investment to fuel its next growth phase. This leadership shift follows Humphries’ successful tenure, during which ONE launched its Aries LFP battery pack into production. Ijaz, a battery industry veteran and ONE’s founder, aims to scale the company’s energy storage and electric vehicle (EV) solutions. Alongside this, ONE’s latest funding round, led by Crescent Ventures, Trousdale Ventures, and Ivanhoe Capital, bolsters its push for U.S.-made battery innovation and manufacturing, with full-scale production slated for 2027.
Key Highlights
- Leadership Transition: Mujeeb Ijaz takes over as CEO from Paul Humphries, who retires after steering ONE’s Aries LFP launch.
- Investment Boost: Crescent Ventures, Trousdale Ventures, and Ivanhoe Capital fund ONE’s expansion in EV and energy storage systems.
- Manufacturing Milestone: ONE’s Michigan gigafactory began prototype LFP cell production in 2024, targeting full capacity by early 2027.
- Board Additions: Mansoor Ijaz and Hinrich Woebcken join ONE’s board to guide its industrial scaling.
Under Ijaz’s leadership, ONE is poised to expand its footprint in sustainable energy. Since its 2020 founding, the Michigan-based company has pioneered battery solutions for EVs, renewables, and the grid. The recent funding round underscores investor confidence in ONE’s vision. Mansoor Ijaz of Crescent Ventures emphasized, “Our Swiss partners, led by Nick Grey and I, are committed to supporting Mujeeb and the brilliant team he has assembled at ONE as they build America’s leading battery company and reassert American industrial leadership throughout the world.”
Related – Exclusive: Interview with Mujeeb IJaz, Founder & CEO of Our Next Energy (ONE)
ONE’s progress aligns with broader industry trends. Robert Friedland of Ivanhoe Capital noted, “ONE is driving the next wave of battery innovation,” highlighting potential synergies with supply chain expertise. Meanwhile, Phillip Sarofim of Trousdale Ventures called ONE “an essential part of the EV supply chain,” driving a technological revolution through domestic manufacturing.
The company’s board also gains expertise with Hinrich Woebcken, ex-CEO of Volkswagen Group of North America, who said, “ONE is at an inflection point, transitioning from pilot-scale operations to high-performance, full-scale manufacturing to better serve its customers.” His experience will support ONE’s goal of creating a robust U.S.-based battery ecosystem. As ONE advances, it remains focused on doubling EV range and decarbonizing the grid with sustainable materials, cementing its role in America’s energy future. Learn more at www.one.ai.
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