📝 Moment Energy raises $40M

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Moment Energy has secured over $40 million in a Series B round led by Evok Innovations, bringing its total funding to more than $100 million as it scales its operations across North America. The Vancouver-based cleantech firm specializes in repurposing retired electric vehicle batteries for commercial-scale energy storage, using proprietary technology that reportedly doubles system lifespans to 30 years. With a significant portion of its capital earmarked for facility expansion—including a major retrofit of a battery factory in Austin, Texas—the company plans to hire 300 new employees over the next 18 months to meet the surging energy demands of data centers and utilities. This round, which featured a diverse roster of investors, including Amazon’s Climate Pledge Fund and Tokyo Gas’s Acario, underscores the critical role of battery circularity in stabilizing the grid amid the rapid growth of artificial intelligence infrastructure. By keeping lithium-ion components out of landfills and boosting domestic production capacity, Moment Energy is positioning itself as a vital infrastructure provider for the transition to a more resilient and sustainable energy ecosystem.

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