BMW i Ventures announced an investment in Our Next Energy (ONE), a Michigan-based energy storage solutions company working to develop batteries for electric vehicles.

ONE has demonstrated two proprietary technologies, Aries and Gemini. Aries uses Lithium Iron Phosphate (LFP) chemistry in an advanced structural cell-to-pack architecture, reaching high cell to pack ratios and system level energy density. Gemini uses ONE’s proprietary energy management system and chemistry in a dual battery range extender architecture.