EV battery startup ONE raises $65 million to speed U.S. plant plans

FILE PHOTO: A row of Tesla Model S sedans are seen outside the company's headquarters in Palo Alto, California April 30, 2015. REUTERS/Elijah Nouvelage/

Mar 1 (Reuters) - Startup Our Next Energy said a new $65 million funding round will enable it to accelerate development of a long-range battery and begin evaluating potential sites next quarter for its first U.S. battery plant.

Michigan-based ONE in December said a prototype of its new high-energy Gemini battery, retrofitted in a Tesla Model S sedan, delivered more than 750 miles of range between charges — far in excess of the best production electric vehicles on the market.