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Founder of battery startup Our Next Energy returns as CEO following new funding
ONE also announced the close of a new funding round.
As for the leadership shakeup, Ijaz first stepped aside in December 2023, taking the title of CTO, after the startup struggled to raise a Series C. He was then replaced as CEO by board member Paul Humphries. The Series C fell through after Just Climate pulled out of leading the round with a $100 million investment, Bloomberg reported in December 2023. The startup quickly made a splash after retrofitting a Tesla Model S with its dual-chemistry battery pack, called Gemini, enabling the sedan to travel 752 miles on a single charge.
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