# Moment Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/moment-energy

- Industry: Energy Storage & Batteries
- Headquarters: Coquitlam, Canada
- Website: www.momentenergy.com
- Total disclosed funding: $58M
- Latest round: Series B (May 5, 2026)
- Investors on record: 15

## About

Based in Coquitlam, British Columbia, Canada, Moment Energy Inc. specializes in battery energy storage solutions, utilizing retired electric vehicle batteries to provide clean and reliable energy systems for applications. Moment Energy Inc., founded in 2019 and headquartered in Coquitlam, Canada, focuses on repurposing retired electric vehicle batteries for energy storage. The company was established by Edward Chiang, Gabriel Soares, Gurmesh S, Gurmesh Sidhu, and Sumreen Rattan. Moment Energy specializes in providing battery energy storage systems (BESS) that repurpose retired electric vehicle batteries. Their flagship product, the Luna BESS, is designed to offer a clean, affordable, and reliable energy solution, targeting both on-grid and off-grid applications. By utilizing retired EV batteries, Moment Energy addresses key energy challenges, including cost reduction, power reliability, and the facilitation of a clean energy transition. The company primarily serves various sectors across North America, contributing to both commercial and residential energy solutions. Target customers include facilities that require uninterrupted power supply, renewable energy integration, and battery support for electric vehicle charging. Moment Energy's revenue model is built around the sale and installation of their Luna BESS systems, with a minimum project size requirement of 400 kWh. Transactions typically occur through B2B partnerships, allowing businesses and organizations to engage directly with Moment Energy for tailored energy storage solutions. Clients enter into agreements that may involve one-time purchases or long-term contracts, depending on the complexity and scale of their energy needs. Pricing structures for the Luna BESS are specifically tailored to meet the unique requirements of each client, reflecting the system's capabilities and the associated services. In June 2026, Moment Energy Inc. raised USD 3 million in venture funding from new investor NorthX Climate Tech. The company will use the funding to cover upfront costs for designing, permitting, engineering, procuring, and installing battery storage systems until customer payments and incentive reimbursements are received.

## Funding rounds

- Series B, May 5, 2026, $40M — In-Q-Tel, Version One Ventures, Evok Innovations, Liberty Mutual Strategic Ventures, Fika Ventures, Garage Capital, Acario, Amazon, W23, MCJ, Voyager Ventures, Overture
- Series A, Jan 16, 2025, $15M — In-Q-Tel, Version One Ventures, Fika Ventures, Amazon, MCJ, Voyager Ventures, Overture, One Small Planet, WovenEarth Ventures, Climate Capital
- Seed, Oct 1, 2021, $2.8M — Version One Ventures, Fika Ventures, Garage Capital, MCJ

## Investors

- Version One Ventures (https://capitalatlas.ai/funds/version-one-ventures) — Seed, Series A, Series B
- Fika Ventures (https://capitalatlas.ai/funds/fika-ventures) — Seed, Series A, Series B
- Garage Capital (https://capitalatlas.ai/funds/garage-capital) — Seed, Series B
- MCJ (https://capitalatlas.ai/funds/mcj) — Seed, Series A, Series B
- In-Q-Tel (https://capitalatlas.ai/funds/in-q-tel) — Series A, Series B
- Amazon (https://capitalatlas.ai/funds/amazon) — Series A, Series B
- Voyager Ventures — Series A, Series B
- Overture (https://capitalatlas.ai/funds/overture) — Series A, Series B
- One Small Planet — Series A
- WovenEarth Ventures (https://capitalatlas.ai/funds/wovenearth-ventures) — Series A
- Climate Capital (https://capitalatlas.ai/funds/climate-capital) — Series A
- Evok Innovations (https://capitalatlas.ai/funds/evok-innovations) — Series B
- Liberty Mutual Strategic Ventures (https://capitalatlas.ai/funds/liberty-mutual-strategic-ventures) — Series B
- Acario (https://capitalatlas.ai/funds/acario) — Series B
- W23 (https://capitalatlas.ai/funds/w23) — Series B