ONE has signed contracts with four automakers and has a five-year, 25GWh energy storage pipeline. This equates to 300,000 electric vehicles, it said. It noted that the latest round of funding will help it begin the site selection process for its first US-based battery factory. It said it will also accelerate R&D in Michigan and San Francisco.
In January, ONE created a proof-of-concept device with 732 miles of range. In another pilot, the company paired a Tesla Model S with an experimental battery with 203.7kWh and an energy density of 416Wh/L. The battery was able to power the Model S at 55 miles per hours for 882 miles on a single charge, as validated by third-party testing.
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