Moxion Power Co. was founded in 2020 by Alex Smith, Alexander Meek, Jed Mickle, and Paul Huelskamp. The company has not publicly endorsed plans to participate in an IPO.
Moxion Power builds energy storage units that are mobile, powerful, and clean. The company hopes that its batteries will become an attractive alternative to diesel generators, particularly in industrial settings. The company entered into a strategic partnership with Sunbelt Rentals that will last through 2025. Moxion has raised more than $100 million in venture capital funding from investors including Tamarack Global, Energy Impact Partners, Sunbelt Rentals, Amazon Climate Pledge Fund, Microsoft Climate Innovation Fund, and Enterprise Holdings Ventures. The company has not publicly disclosed any valuation figures.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.