Moxion Power

Moxion Power

Provides zero-emission mobile battery power solutions

About Moxion Power

Simplify's Rating
Why Moxion Power is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Rating Differentiation

Industries

Energy

Consumer Goods

Company Size

51-200

Company Stage

Series B

Total Funding

$110.1M

Headquarters

Richmond, California

Founded

2020

Overview

Moxion Power provides zero-emission power solutions through its main product, the MP-75, a mobile battery energy storage system (BESS) that offers 75kW of power and over 600kWh of energy. This system is designed to replace traditional diesel generators, eliminating harmful emissions and requiring no maintenance or fluid checks, making it a plug-and-play solution. Moxion's business model focuses on the rental and sale of these units, partnering with Sunbelt Rentals to make them accessible to various clients, including film studios, event organizers, and construction companies. Unlike competitors that still rely on diesel generators, Moxion targets sectors that need cleaner energy alternatives. The company's goal is to promote sustainable power solutions and reduce carbon footprints across industries.

YC Company
📈
Significant Headcount Growth
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Simplify's Take

What believers are saying

  • Moxion secured $100M in Series B funding, indicating strong investor confidence.
  • Their technology was named a TIME Best Invention of 2023, enhancing brand credibility.
  • State funding and tax credits in California support Moxion's manufacturing expansion.

What critics are saying

  • Increased competition from startups in the clean energy sector may challenge market share.
  • Reliance on key partnerships poses risks if partners develop their own solutions.
  • Rapid expansion could strain operational capabilities and affect quality control.

What makes Moxion Power unique

  • Moxion Power offers zero-emission mobile battery energy storage systems, replacing diesel generators.
  • Their MP-75 product is a plug-and-play solution requiring no maintenance or fluid checks.
  • Partnerships with Sunbelt Rentals make Moxion's solutions accessible to diverse industries.

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Funding

Total Funding

$110.1M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:
Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$65M
Substack
$100M
ClickUp
$100M
Moxion Power

Benefits

Health, dental, & vision coverage

Unlimited PTO

Competitive equity & compensation packages

Free coffee & snacks

Flexible work from home policy

Professional development

Parental leave

Growth & Insights and Company News

Headcount

6 month growth

-24%

1 year growth

12%

2 year growth

22%
Business Wire
May 23rd, 2024
Suffolk Technologies Launches Applications For Fifth Annual Boost Program With New Global Operating Partners

BOSTON--(BUSINESS WIRE)--Suffolk Technologies, the venture capital affiliate of Suffolk that funds the next generation of companies solving built environment challenges, has launched the application process for its fifth annual BOOST program. This intensive eight-week program is designed to ignite growth and equip pioneering built world startups with the right tools to transform the industry. As inflation, supply chain challenges, a national labor shortage, sustainability regulations, and economic uncertainty continue to present significant challenges to the AECO (architecture, engineering, construction, and operations) industry, emerging startups are poised to make a large impact by developing solutions that address these problems. Throughout the intense eight-week program, the startups selected will be launched into the built environment with direct access to jobsites and testbeds around the world, unparalleled operational knowledge, and an influential network of industry leaders and academics. This year, Suffolk Technologies has expanded its network of Operating Partners, a group of other general contractors, building owners and operators, real estate services companies, material providers and trade partners who will engage with this year’s cohort throughout the program. “In the fifth year of BOOST, we are excited to harness the powerful ecosystem that has emerged around this program over the past few years,” said Parker Mundt, Vice President of Platform for Suffolk Technologies

Business Wire
May 7th, 2024
Mill Valley Music Festival Goes Green With Moxion Power: First-Ever U.S. Festival Powered Entirely By Zero-Emission Batteries

RICHMOND, Calif.--(BUSINESS WIRE)--The 2024 Mill Valley Music Festival (“MVMF”) is set to become the first-ever U.S. festival to operate entirely on mobile zero-emission batteries, thanks to a groundbreaking partnership with Moxion Power (“Moxion”), a California-based leader in mobile battery energy storage system (BESS) technology. Moxion’s headquarters is an MCE Deep Green Champion and purchases 100% renewable and carbon-free energy to power its operations and products. Organized by the Mill Valley Chamber of Commerce and Noise Pop Industries, this two-day outdoor arts and culture extravaganza located just outside San Francisco will ditch all traditional diesel generators as the music festival returns May 11-12. Instead, Moxion's innovative MP-75/600 mobile BESS – recognized as a TIME Best Invention of 2023 – is virtually silent and will power everything from sound stages and VIP lounges to food trucks and vendor areas. By using Moxion’s batteries instead of diesel generators this year, MVMF will avoid approximately 4.5 tons of greenhouse gas emissions

Random Lengths News
Apr 30th, 2024
California Thrives: State Funding Spurs New Investments, Job Growth and Population is Rising

Moxion Power, which develops mobile energy storage products and technologies that accelerate last-mile electrification, received a $25 million tax credit to expand its manufacturing capabilities in both Richmond and Los Angeles.

Bizjournals
Jan 22nd, 2024
Clean energy startup expands footprint in Richmond with 100,000-square-foot lease

Clean energy startup Moxion Power is expanding in Richmond.

Kentucky Today
Dec 19th, 2023
Candy Cane Lane, Starring Eddie Murphy, Slashes 4,000 lbs of CO2 With Mobile Clean Energy Batteries

Moxion Power ("Moxion"), a California-based manufacturer of clean, mobile battery energy storage system (BESS) technology, has teamed up with Amazon MGM Studios to reduce emissions on film and television productions.

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