Our Next Energy(ONE), an energy storage solutions company developing a hybrid system based on a cobalt-free battery and a lithium iron phosphate battery for EVs, closed its $300 million Series B funding round at a post-money valuation of $1.2 billion. Fifth Wall and Franklin Templeton led the funding round with participation from the company’s existing investors and new growth equity investors Temasek, Riverstone Holdings, Coatue, AI Capital Partners, and Sente Ventures.