Moment Energy just secured a fresh 5M growth financing round from TD Innovation Partners, and it lands with the kind of precision you only get when engineering instincts collide with market reality. While the clean-tech world keeps chasing the next theoretical breakthrough, Moment Energy is out here turning retired EV batteries into industrial workhorses that refuse to fade out quietly. There is something almost poetic about giving an 80–90% capacity battery a second life and watching it outperform half the first-life systems priced like luxury goods. That kind of thinking does not come from a committee. It comes from four SFU engineers who cut their teeth building electric race cars before deciding to build an industry instead.
Edward Chiang, Sumreen Rattan, Gabriel Soares, and Gurmesh Sidhu took a garage concept from Surrey and built the first UL 1974 certified EV battery repurposing operation in North America. That certification is not a trophy; it is a passport. It tells utilities, airports, datacenters, and every operator drowning in demand charges that the Luna BESS platform is not experimental. It is grid-ready, commercially tough, and engineered to scale from 400 kWh to 10 MWh without breaking the financial spine of a project. When a system cuts demand charges by up to 50% and comes in at a ~30% lower cost than first-life alternatives, the conversation shifts from “interesting tech” to “why didn’t we do this sooner.”
The timing of this round matters because demand is spiking from AI data centers, quantum computing labs, and EV charging hubs that want stability without waiting 36 months for grid upgrades. With 8+ GWh of battery supply already lined up and hundreds of GWh more coming as global EV fleets age, the company is positioned like few others in the energy sector. This is not scarcity economics. This is circular supply at industrial scale, and it is winning on both price and performance.
TD Innovation Partners is stepping in at the exact moment production in Coquitlam is hitting full stride. Combine that with the 20.3M DOE grant fueling the Texas gigafactory and the strategic partnership with Copec WIND Ventures that opens the door to 45+ MWh deployments across Latin America and Europe, and the picture sharpens. Moment Energy is not just making storage systems. It is building a continental supply chain that refuses to lean on volatile imports or congested ports. It is a domestic engine built for longevity.
Seeing this team go from Formula E engineering roots to nearly 90M in combined equity and non-dilutive funding feels like the story clean energy needed. Not noisy. Not theatrical. Just disciplined execution from founders who understand that real power does not need to announce itself. It simply turns on, delivers, and keeps the lights steady while everyone else scrambles to catch up.
Startups Startup Funding Early Stage Venture Capital Battery Battery Tech Clean Tech Clean Energy Grid Grid Tech Data Data Driven Technology Innovation Tech Ecosystem Startup Ecosystem
