Moment Energy, a North American EV battery repurposing companies, secured $5 million in growth financing from TD Innovation Partners (TDIP), the innovation banking division of TD Bank.
“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,” Alida Kanani, associate director, capital solutions at TD Innovation Partners, said. “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 funds to accelerate the repurposing of lithium-ion batteries into safe, high-performance and compliant energy storage systems for commercial, industrial and utility applications.
“With this financing, 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,” Edward Chiang, CEO and co-founder of Moment Energy, said. “We’re strengthening supply chains, improving grid resilience and advancing the transition to sustainable power worldwide.”
