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 Technology Company , hoping to accomplish the same goal — ideally without repeating the same mistakes.
“We started Anode with that goal to kind of finish what we started,” Huelskamp, now Anode’s CEO, told TechCrunch.
Anode has been operat