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HomeFinTechMoxion Power: Raises $10M in Series A Funding

Moxion Power: Raises $10M in Series A Funding

Date:

  • Moxion Power, a Richmond-California-based integrated manufacturer of mobile energy storage systems, raised a $10m Series A funding
  • The round was led by Energy Impact Partners (EIP) with participation from Tamarack Global and Liquid 2 Ventures
  • The company also intends to use the funds to scale its manufacturing operations and launch its first rental location in the San Francisco Bay Area
  • Moxion Power manufactures mobile energy storage technology and operates an all-electric equipment rental business, providing clean
  • The technology and vertically integrated business model offer an alternative to fossil fuel-burning generators
  • Then the company has signed letters-of-intent with large construction firms and EV fleet operators in the US and plans to open its first rental location in the San Francisco Bay Area in Q3 2022

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