Moment Energy
Summary active Updated May 5, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
Investors
Founders
About
Moment Energy is an EV battery repurposing company that takes retired electric vehicle battery packs and turns them into grid-scale energy storage systems 1. The company removes original automaker battery management systems and replaces them with proprietary software, allowing modules of different chemistries to be combined into larger storage solutions 1. Moment Energy says it is the first company to receive UL certification for repurposed EV battery storage 1. Headquartered in Port Coquitlam, British Columbia, the company is building a gigawatt-scale second-life battery factory in Austin, Texas, and has supply agreements with Mercedes-Benz and Nissan 12. The four founders — Edward Chiang, Gabriel Soares, Sumreen Rattan, and Gurmesh Sidhu — met at Simon Fraser University, where they worked together on an electric race vehicle team 3.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-05-05 | Series B | $40M | Evok Innovations | W23, Amazon Climate Pledge Fund, In-Q-Tel, Liberty Mutual Strategic Ventures 1 |
Total funding to date exceeds $100 million across equity and debt, including a prior $15M Series A co-led by Amazon’s Climate Pledge Fund and Voyager Ventures and a $20M U.S. Department of Energy loan 12.
What Investors Say
No independently sourced investor quotes found for this round.
What Founders Say
“What we’ve been really thinking about as a whole is just staying focused overall in what we know, and what we’re building, and serving real customers.” — Edward Chiang, Co-Founder & CEO, TechCrunch interview, May 5, 2026 1.
Sources
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TechCrunch, “Exclusive: Moment Energy raises $40M to meet ‘infinite demand for power’ with EV batteries,” May 5, 2026, accessed May 2026. https://techcrunch.com/2026/05/05/moment-energy-raises-40m-to-meet-infinite-demand-for-power-with-ev-batteries/↩↩↩↩↩↩↩
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Moment Energy, “Moment Energy Secures US$15 Million Series A Funding to Build World’s First Second-Life Gigafactory in the U.S.,” company news, accessed May 2026. https://www.momentenergy.com/news/series-a↩↩
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Canada’s National Observer, “Sky’s the limit for ‘second life’ green battery pioneer — and RCAF flyboy — Edward Chiang,” January 29, 2026, accessed May 2026. https://www.nationalobserver.com/2026/01/29/news/moment-energy-profile-edward-chiang↩