BC-based Moment Energy raised USD $15 million in a Series A funding round co-led by Amazon Climate Pledge Fund and Voyager Ventures. This funding will advance the production of Moment Energy’s high-performing Battery Energy Storage Systems (BESS) from repurposed EV batteries, moving forward with their mission for all EV batteries to be repurposed by 2030.

Moment Energy was a part of the VentureLabs accelerator in 2022 and is now one of North America’s leading EV battery repurposing companies.  Co-founders Edward Chiang, Sumreen Rattan, Gurmesh Sidhu and Gabriel Soares are alumni of SFU’s Mechatronics Systems Engineering and started developing the idea for their startup while still at SFU.

“This funding marks a pivotal milestone for Moment Energy, enabling us to further advance our operations and lead the charge in transforming retired EV batteries into valuable battery energy storage systems,” said Edward Chiang, CEO of Moment Energy.

Read the full article about Moment Energy’s series A funding round in Moment Energy News.