Our Next Energy Inc. announced that it will receive $62,500,000 in a round of funding led by returning investor BMW i Ventures, Inc. on March 1, 2022. The company will issue convertible note in the transaction. The transaction will includes participation form new investor Coatue Management, L.L.C. and returning investors Flex Ltd., Breakthrough Energy LLC, Volta Energy Technologies, LLC and Assembly Ventures, LLC.

On the same date, the company has received $52,500,000 in its first tranche.