Moment Energy Series B — capitalizes North American second-life EV battery storage factory (the company has stated it will be the world's largest second-life battery factory)

$40M+ Series B led by Evok Innovations, with new investors Liberty Mutual Investments, W23 Global, and Acario (Tokyo Gas CVC) joining existing backers Amazon Climate Pledge Fund, Voyager Ventures, and In-Q-Tel. Cumulative funding now exceeds $100M. Moment is the only North American manufacturer of certified commercial-scale second-life BESS, repurposing retired EV battery packs; data-center and utility customer base. Note: company is HQ'd in Coquitlam, BC, Canada; the financed factory build-out is in the United States but specific site not disclosed in the release.

Deal Details

Deal Type

Strategic & Growth Capital

Seller / Sponsor

Moment Energy

Buyer / Financier

Evok Innovations (lead); Liberty Mutual Investments; W23 Global; Acario (Tokyo Gas CVC); existing investors: Amazon Climate Pledge Fund, Voyager Ventures, In-Q-Tel

Deal Value

$40M

Stage

Development

ISO/RTO

ERCOT

Source

PR Newswire (Moment Energy press release)