Moxion Power secured $100 million in Series B funding led by Tamarack Global to advance its innovative battery technology for portable power generation in California's evolving energy landscape.

Target Information

Moxion Power, founded in 2020 by Paul Huelskamp, Alex Meek, Alex Smith, and Jed Mickle, aims to revolutionize portable power generation by harnessing advanced battery technology. The inspiration for Moxion arose during a hike in Marin County, where the founders witnessed the negative environmental impact of diesel generators used during public safety power shutoff events in California, particularly concerning wildfire prevention.

Industry Overview in California

California's energy sector has been facing significant challenges, including frequent wildfires that necessitate safety measures such as power shutoffs by utility companies. These public safety power shutoffs have prompted a growing urgency for cleaner, more reliable energy solutions. The state's aggressive climate policies and commitment to reducing greenhouse gas emissions have further accelerated this shift towards sustainable energy alternatives.

The battery and energy storage market in California is experiencing rapid growth, supported by both government incentives and rising consumer demand for sustainable energy solutions. With a strong