Moment Energy, a Vancouver, BC, Canada-based EV battery repurposing company, raised US$15M in Series A funding.
The round was led by Amazon Climate Pledge Fund and Voyager Ventures with participation from In-Q-Tel (IQT), Version One Ventures, Overture Ventures, WovenEarth Ventures, Fika Ventures, MCJ, One Small Planet, and Climate Capital.
The company intends to use the funds to expand to gigawatt hour scale manufacturing of second-life battery supply.
Led by CEO Edward Chiang, Moment Energy is an EV battery repurposing company creating reliable battery energy storage systems (BESS) by repurposing retired electric vehicle batteries. It works with automotive companies, including Mercedes Benz Energy, to support circular economy goals and ensure their batteries are safely used in second-life applications before they are recycled.
The team supports utilities, microgrids and commercial customers to improve grid reliability, empower EV charging stations and reduce demand charges, all with a BESS solution made from repurposed EV batteries.
FinSMEs
16/01/2025