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Moment Energy raises $40M Series B to build the world's largest second-life battery factory, led by Evok Innovations. The funding aims to scale manufacturing and energy storage deployment across the US and Canada.

PRIVATEMay 05, 2026

Amount Raised

$40 Million

Round Type

Series B

CoquitlamManufacturingEnergyRenewable EnergySolarEnergy Storage

Investors

Liberty Mutual InvestmentsW23 Global FundAcarioVoyager VenturesIn Q TelAmazon’s Climate Pledge FundEvok Innovations

Description

Moment Energy, a North American leader in EV battery repurposing, announced a $40 million Series B funding round. This financing brings the total capital raised to over $100 million, accelerating their manufacturing footprint expansion. The funding will boost production capacity to meet rising demand from data centers, utilities, and industrial customers. Moment Energy aims to address power constraints by utilizing EV batteries already on the road.

Company Information

Company

Moment Energy

Location

Coquitlam, British Columbia, Canada

About

Moment Energy is a leading EV battery repurposing company in North America, focused on providing sustainable energy storage solutions. The company specializes in transforming retired electric vehicle batteries into battery energy storage systems (BESS) for various commercial and industrial applications. With plans to build the world’s first second-life gigafactory in the U.S., Moment Energy is positioned to capitalize on the growing demand for energy storage. Their innovative approach contributes to grid stability and enhances lithium security in the region.

Fundz sees it the moment Moment Energy raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

1 contact
Verified contactsEdward, Co-Founder & CEO hiddenSee plans and pricing
Predictive Intelligence
Strategic

ML-powered predictions for Moment Energy's next move

See what Strategic adds

Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Moment Energy raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.