Moment Energy raises $40M to turn EV batteries into power for growing demand

Published on 5 May 2026

The pitch is simple and built on repurposed packs

Moment Energy has raised $40 million to meet what CEO Edward Chiang calls “infinite demand for power,” using a novel approach to EV battery reuse. By repurposing EV batteries for energy storage and deployment, the startup aims to deliver more flexible power capacity while accelerating battery circularity. The funding underscores growing investor appetite for battery-driven grid solutions.

Moment Energy secures $40M to expand power availability
Strategy centers on repurposing EV batteries for energy use
CEO frames the opportunity as “infinite demand for power”
Pitch targets faster, more scalable storage capacity

#ev batteries #funding #energy storage #cleantech #moment energy

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Moment Energy raises $40M to turn EV batteries into power for growing demand

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