Vancouver-based Moment Energy has secured $5 million in growth financing from TD Innovation Partners, signaling strong support for one of North America’s emerging leaders in EV battery repurposing and clean energy storage.
The investment from TD Innovation Partners (TDIP)—TD Bank’s innovation banking arm—reflects rising institutional backing for Canadian cleantech companies building the infrastructure needed 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 capital to expand production of its UL 1974–certified Luna Battery Energy Storage System (BESS), built from repurposed lithium-ion EV batteries. The company plans to increase domestic manufacturing to meet fast-growing demand from commercial, industrial, and utility customers.
Second-life batteries are becoming an essential resource as electrification accelerates. By extending the lifespan of EV batteries, Moment Energy reduces waste, strengthens supply chains, and provides more affordable, low-carbon storage options—factors that are increasingly critical as renewable power deployment expands across North America.
Moment remains the first and only company in North America certified by UL Solutions to UL 1974 for EV battery repurposing, and Luna BESS is the continent’s only grid-ready system built entirely from second-life batteries. The technology is already being used by utilities, infrastructure operators, and enterprises looking for reliable, sustainable storage.
“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 follows a period of momentum for the Vancouver startup, including a strategic investment and partnership with Copec WIND Ventures that will see Moment Energy deploy gigawatt-hours of second-life battery systems across Latin America and Europe.
With domestic scaling underway and international expansion accelerating, Moment Energy continues to position Canada as a global hub for circular, scalable energy storage innovation.