Very excited about our new portfolio company Moment Energy, led by Edward Chiang who was instrumental in getting One Small Planet involved, as well as Shomik Dutta. Moment is doing great work to make clean energy more accessible. Learn more below.
At Moment Energy, we are thrilled to announce that we have raised USD $15 million in a Series A round co-led by Amazon Climate Pledge Fund and Voyager Ventures. This investment will accelerate the production of our high-performing Battery Energy Storage Systems (BESS) from repurposed EV batteries. With this funding, we are moving full speed ahead toward our mission of enabling all EV batteries to be repurposed by 2030. We are incredibly grateful to the entire Moment Energy team for believing in this mission and working tirelessly to develop amazing technologies that strengthen the grid, enable renewable energy adoption, and allow commercial and industrial companies to take control of their energy usage. We're deeply appreciative of the confidence and support shown by Thomas Selby, Nick Ellis and Leonardo Banchik by co-leading our Series A round. A big thank you as well to IQT (In-Q-Tel), Version One Ventures, Overture Ventures, WovenEarth Ventures, Fika Ventures, MCJ, One Small Planet, and Climate Capital for participating. Your expertise in scaling innovative businesses will be invaluable as we enter this next phase of growth. Learn about our Series A: https://lnkd.in/gC38-HEY Read our press release: https://lnkd.in/gF4-CtyF