Vancouver-based Moment Energy has raised $5 million in growth financing from TD Innovation Partners, marking a major vote of confidence in one of North America’s emerging leaders in EV battery repurposing and clean energy storage.
The investment from TD Innovation Partners (TDIP), the innovation banking arm of TD Bank, reflects increasing institutional support for Canadian cleantech firms building critical infrastructure for the energy transition.
“Over the past two years, TD Innovation Partners has seen firsthand how the Moment Energy team is redefining what’s possible in sustainable energy storage,” said Alida Kanani, Associate Director of Capital Solutions at TDIP. “Their leadership, integrity, and commitment to long-term growth align closely with TD’s values and our mission to back Canadian innovators shaping a resilient and sustainable economy.”
Moment Energy will use the funding to scale production of its Luna Battery Energy Storage System (BESS), a UL 1974–certified solution built from repurposed lithium-ion EV batteries. The company plans to increase domestic manufacturing capacity to meet accelerating demand from commercial, industrial, and utility customers.
By extending the life of EV batteries, Moment Energy reduces waste, lowers dependence on imported materials, and creates more affordable, sustainable storage options—all critical factors as renewable energy deployment expands across North America.
Moment Energy remains the first and only company in North America certified by UL Solutions to UL 1974 for EV battery repurposing, and its Luna BESS is the continent’s only grid-ready system built from second-life batteries. The technology is already being used by utilities, infrastructure operators, and enterprises seeking reliable, low-carbon storage solutions.
“With TD’s backing, we’re accelerating our ability to deliver safe, reliable, and affordable storage solutions that make clean energy accessible to more communities across North America and beyond,” said Moment Energy CEO and co-founder Edward Chiang. “We’re strengthening supply chains, improving grid resilience, and advancing the transition to sustainable power worldwide.”
The new financing builds on a period of rapid growth for the Vancouver startup, including a recent strategic investment and partnership with Copec WIND Ventures that will see Moment Energy deploy gigawatt-hours of second-life battery systems in Latin America and Europe.
With both domestic momentum and international expansion underway, Moment Energy continues to position Canada as a global hub for circular, scalable energy storage innovation.
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