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.