Moment Energy
Repurposing large-format EV batteries into certified commercial battery energy storage systems (BESS)
Energy
📍 Coquitlam, BC
Founded 2020
Current Valuation
Private
as of 2026-Q2
PRIVATE
Moment Energy is a Canadian cleantech company that repurposes used electric-vehicle battery packs into UL-certified commercial battery energy storage systems for data centers, grid operators, and industrial users. In May 2026 it raised a $40M oversubscribed Series B led by Evok Innovations (with Liberty Mutual Investments and W23 Global Fund), bringing total funding to roughly $100M. The company is scaling toward what it describes as the world's largest second-life battery factory and is opening a U.S. site in Texas.
Company Profile
Growth
Building world's largest second-life EV battery factory; expanding to Texas
Last Round
Series B — $40M (May 2026) · Lead: Evok Innovations
Founders & Key People
Edward ChiangSumreen RattanGabriel SoaresGurmesh Sidhu
Investors
Evok Innovations · Liberty Mutual Investments · W23 Global Fund · Acario
Products
- Flora (UL-1973 certified second-life BESS units)
- Commercial / Industrial Energy Storage
- Grid-Scale Storage for Data Centers
- EV Battery Repurposing Platform
Competitors
B2U Storage Solutions · Connected Energy · RePurpose Energy · Powin Energy
EnergyBattery StorageCircular EconomyEV BatteriesCleantech
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2026-Q2. Refreshed quarterly.