Overview
- Moment Energy, which repurposes used EV batteries into grid storage, announced Tuesday a $40 million Series B led by Evok Innovations that lifts total funding above $100 million.
- The company plans to break ground this year on a 200,000‑square‑foot factory near Austin to scale production and grow its workforce to about 250.
- Scaling efforts draw on the new equity plus a $20 million U.S. Department of Energy loan.
- The company holds UL safety certifications for repurposed systems, a status it says helps with permits and insurance for installations in buildings.
- Supply deals with Mercedes‑Benz and Nissan feed deployments for utilities, data centers, airports, and industrial sites across North America.