B.C.’s Moment Energy Lands $40M to Scale EV Battery Repurposing at Planned Texas Gigafactory

B.C.’s Moment Energy lands $40M to scale EV battery repurposing at planned Texas gigafactory

Artist’s rendering of Moment Energy’s planned Austin, Texas, gigafactory. (Moment Energy Image) Moment Energy, a British Columbia-based startup repurposing used electric vehicle batteries, has announced a $40 million investment to help fund construction of a massive factory in Texas and more than triple its headcount. The company, headquartered just outside Vancouver, has now raised more than $100 million in total. Moment Energy is plugging into…

Moment Energy raises $40M to turn used EV batteries into power for AI data centers - Tech Startups

The rush to build AI is starting to hit a physical limit. It is not chips or models this time. It is electricity. Across the U.S. and Canada, data centers are drawing more power than grids were built to handle. New […] The post Moment Energy raises $40M to turn used EV batteries into power for AI data centers first appeared on Tech Startups.

Moment Energy raises $40M to meet 'infinite demand for power' with EV batteries

The startup has put a spin on repurposing EV batteries, CEO Edward Chiang told TechCrunch.

Moment Energy secures US$40 million to scale second life BESS in North America

Second life battery storage firm Moment Energy has announced a US$40 million Series B funding round to accelerate its battery factory.

Moment Energy raises $40 million USD Series B to give used EV batteries new life

Moment Energy announced today that the Vancouver-based company has successfully raised a more than $40 million USD Series B round led by fellow Vancouverites Evok Innovations.  Founded in 2020, Moment Energy is a cleantech company that repurposes electric vehicle (EV) batteries into commercial-scale battery energy storage systems (BESS). Its proprietary technology claims to have extended system lifespans from 15 years to 30 years, and keep used …

Following Series B Round, Moment Energy Brings Total Raised to $100M

Moment Energy has secured a Series B round of funding. The B.C.-born cleantech innovator has secured $40 million in a round led by Evok Innovations with participation from Liberty Mutual Investments, W23 Global Fund, and Acario. The Series B round brings Moment’s total fundraising to $100M and will accelerate the company’s manufacturing footprint in North America, according to a statement from the firm. Moment’s proprietary pack-swapping archite…