Vancouver-based Moment Energy is pioneering a global first: a gigafactory repurposing electric vehicle batteries for sustainable energy storage. Co-founded by Sumreen Rattan, the company addresses a looming gap between storage demand and battery supply, with retired EV batteries offering a circular, cost-effective solution.
Backed by US$15 million in Series A funding and a US$20.3 million U.S. Department of Energy award, the startup is expanding operations in Canada and the U.S. With pilot projects like Vancouver International Airport, Moment is reshaping how businesses stabilize grids, cut emissions, and save costs.
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