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 intends to use the funds to scale its manufacturing operations and launch its first rental location in the San Francisco Bay Area.
Led by Paul Huelskamp, co-founder and CEO, Moxion Power manufactures mobile energy storage technology and operates an all-electric equipment rental business, providing clean, temporary-power-as-a-service to customers in industries such as construction, electrified transportation, events and entertainment, and telecommunications. The technology and vertically integrated business model offer an alternative to fossil fuel-burning generators.
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.
FinSMEs
19/05/2021