Moment Energy Secures $40M Series B Funding for EV Battery Repurposing
Moment Energy has raised $40 million in a Series B funding round, led by Evok Innovations, to advance its technology for repurposing EV batteries into grid-scale storage solutions. The company claims to be the first to achieve UL Certification for its repurposed battery systems, emphasizing safety and modularity. The funding brings its total to over $100 million, with participation from investors like Amazon’s Climate Pledge Fund and In-Q-Tel.
Topics: battery repurposing EV batteries funding renewable energy startup