Company profile

One

One, founded in 2020 by Mujeeb Ijaz and based in Novi, Michigan, develops advanced lithium-ion batteries and sustainable energy solutions for electric vehicles. The company has raised a total of $390 million including $25 million (Series A, Oct 2021), $65 million (Series A, Mar 2022), and $300 million (Series B, Feb 2023) reaching a $1.2 billion valuation as of February 2023. With around 157 employees, One is backed by leading investors such as Fifth Wall, Temasek, and BMW i Ventures, driving large-scale battery innovation for the global EV market.

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Quick facts

Total funding: $390 million
Valuation: $1.2 billion
Founded: 2020
Headquarters: Novi, Michigan
Employees: 157

Notable investors

Temasek
BMW i Ventures

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