Battery startup Moxion went bankrupt. Now its founder is back to ‘finish what we started’

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Just over a year ago, Moxion Power closed its doors, adding its name to a list of high-profile bankruptcies that roiled the climate tech world in 2024. The portable battery startup had raised more than $110 million in a bid to replace diesel generators at festivals and construction sites, but even that wasn’t enough to get it through the valley of death. Moxion laid off more than 400 employees and its assets were liquidated.

Now, the startup’s co-founder, Paul Huelskamp, and several former Moxion employees are back with another startup, Anode…



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Battery startup Moxion went bankrupt. Now its founder is back to ‘finish what we started’


Just over a year ago, Moxion Power closed its doors, adding its name to a list of high-profile bankruptcies that roiled the climate tech world in 2024. The portable battery startup had raised more than $110 million in a bid to replace diesel generators at festivals and construction sites, but even that wasn’t enough to get it through the valley of death. Moxion laid off more than 400 employees and its assets were liquidated.

Now, the startup’s co-founder, Paul Huelskamp, and several former Moxion employees are back with another startup, Anode…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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