Moment Energy
Updated: May 05, 2026
Founders: Gabe Soares, Eddy Chiang, Sumreen Rattan, Gurmesh Sidhu
Country: Canada | Funding: $112.9M (+)
Founded: 2019
Website: https://momentenergy.ca/
Moment Energy solves two problems associated with electric vehicles: what to do with used batteries and how to prevent grid overload from too many vehicles charging simultaneously. The company purchases used batteries from automakers like Mercedes-Benz and Nissan North America and integrates them into larger rechargeable energy storage systems. Moment Energy's battery energy storage systems can be used by industrial facilities or power companies for load balancing and peak shaving - the process of smoothing electricity flows using batteries to manage peaks in demand.
Founded: 2019
Website: https://momentenergy.ca/
Moment Energy solves two problems associated with electric vehicles: what to do with used batteries and how to prevent grid overload from too many vehicles charging simultaneously. The company purchases used batteries from automakers like Mercedes-Benz and Nissan North America and integrates them into larger rechargeable energy storage systems. Moment Energy's battery energy storage systems can be used by industrial facilities or power companies for load balancing and peak shaving - the process of smoothing electricity flows using batteries to manage peaks in demand.
