Vancouver-based Moment Energy has secured USD $15 million in Series A funding, co-led by the Amazon Climate Pledge Fund and Voyager Ventures. The funds will accelerate the development of Moment’s battery energy storage systems (BESS) made from retired electric vehicle batteries.
Moment plans to build the world’s first EV battery repurposing gigafactory in the U.S., supported by a USD $20.3 million U.S. Department of Energy grant. CEO Edward Chiang highlighted the company’s role in enhancing grid stability and lithium security. Moment Energy’s affordable second-life batteries support renewable energy and circular economy goals.
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