Moxion Power, a Bay Area battery startup, once had cash coffers of $110 million. But last week, when it filed for Chapter 7 bankruptcy, it had just $201,980 in the bank. The company collapsed this summer, putting nearly 350 people out of work.
Around the same time, A&A Express (a.k.a. AA Temperature Controlled), a small refrigerated trucking company, announced it was winding down operations in South Dakota, laying off 111 employees. And in June, electric vehicle manufacturer Fisker filed Chapter 11, laying off 15 percent of its workforce, pausing work on future projects, and warning there were doubts about its ability to remain in business. READ MORE