Vancouver, BC - Clean energy startup Moment Energy has raised a $3.5 million seed round of funding. The company creates sustainable battery energy storage systems by repurposing retired electric vehicle batteries. The investment round was led by Version One Ventures with participation from Fika Ventures, Garage Capital and MCJ Collective.
“We are really excited to have investors that are passionate about making Gigawatt-hours worth of positive environmental and social impact through investing in our team and technology. We believe that clean energy is a fundamental right for everyone around the world, and we are working hard to make this a reality,” said Edward Chiang, co-founder and CEO of Moment Energy.
“This investment allows us to deploy even more up-cycled EV batteries to industries in need of clean and reliable energy through our partnerships with the world leading automakers for electric vehicles.”
Chiang co-founded Moment Energy in early 2020 with Sumreen Rattan, Gabriel Soares, and Gurmesh Sidhu, a team of technology entrepreneurs who previously worked together to design and create electric race vehicles. The team has since tripled their team size and established an office and manufacturing facility in British Columbia, Canada. Their battery energy storage systems (BESSs) have been deployed at multiple remote sites across Canada to help reduce diesel consumption and enable the use of renewable energy.
“Moment Energy is uniquely positioned to address three large and rapidly growing global challenges: electric vehicle (EV) battery waste, BESS demand growth, and global lithium material shortage,” said Sumreen Rattan, co-founder and COO of Moment Energy.
“We are proving that repurposing EV batteries is not only the ethical thing to do, but makes economic sense since there is such a huge demand for battery energy storage systems in the market. It prevents the need for premature recycling as many of these batteries can still be used for another decade in applications outside of the vehicle. We are seeing a need for our solution in applications which range from powering remote communities to enabling utilities to meet the power demands for EV charging.”
Moment Energy plans to use the seed funding to grow the team, continue serving the off-grid market, and further commercialize its battery energy storage systems to expand into on-grid commercial and industrial applications. The company is actively recruiting new candidates to join the team and work together on a mission to provide worldwide access to clean, reliable and affordable energy.
Claus Eckbo, Owner, God’s Pocket Resort
Off-Grid, Port Hardy, British Columbia
Moment Energy Flora BESS
66% reduction in diesel usage
PROBLEM
Preserving the "Rustic Feel"
God’s Pocket Resort stands as a world-renowned destination for cold-water diving and kayaking, nestled on a remote island accessible only by boat. For over 100 years, the area has served as a refuge for sailors and fishermen, and today the resort continues that tradition of sanctuary by offering adventurers a rustic, immersive experience far from the grid.
However, operating off-grid presented a loud and expensive problem. For years, the resort relied entirely on a traditional setup utilizing lead-acid battery banks and diesel generators.
"It’s the traditional way to set things up, but it poses many challenges with running larger machinery and having heavy energy demands."
Claus Eckbo, Owner of God’s Pocket Resort
The constant hum of generators distracted from the natural beauty guests came to see, and the logistics of transporting thousands of litres of diesel to a remote island proved both costly and risky. Claus required a solution capable of handling the resort’s heavy energy load, including the kitchen, dive compressors, and guest lodging, without compromising the environment he and visiting guests cherished.
SOLUTION
Designed to evolve.
Claus partnered with Moment Energy to install the Flora battery energy storage system, a repurposing-first energy storage solution designed to withstand the rigors of remote operation. Three years and 1,000 cycles later, the resort operates on a completely different rhythm. Since the initial installation, Claus has successfully upgraded the resort’s infrastructure by integrating a new solar array that feeds directly into the BESS. This solar upgrade allows the batteries to charge from the sun, further reducing dependency on the generator in keeping operations running.
"The impact on the environment is significantly lower, I started to realize how quiet the machinery is because we’re not having to run the generators at the same time."
Claus Eckbo, Owner of God’s Pocket Resort
The system has done more than maintain the status quo. It has enabled growth and proven itself as a reliable partner in the resort's evolution, integrating seamlessly as Claus continues to invest in elevating the immersive, natural experience guests value most.
SUPPORT
Built to last.
This summer, Moment Energy's team made the trip to God's Pocket to conduct routine maintenance on the battery system. Lauren Boers, Application Engineer, and Jarod Krane, Electrical Engineer, spent time on-site ensuring the system was operating to Moment Energy’s high performance standards and integrating smoothly with the resort's recent upgrades.
“The energy solution now, it completely changed the game, very impressed with Moment Energy and their entire team's commitment to ensuring that their solution is something that will last a very long time.”
Claus Eckbo, Owner of God’s Pocket Resort
This hands-on approach reflects Moment Energy's customer-first core philosophy and commitment to long-lasting, sustainable solutions. Each battery module in God’s Pocket once powered an electric vehicle and was given a second life through rigorous testing, certification, and engineering at Moment Energy’s facility. The result is a clean, reliable, and affordable system that supports Claus’s vision for the future of his resort.
"Being a local company, we have the opportunity to build these relationships and come out to client sites to provide the maintenance that keeps the batteries operating year after year, it's something we really pride ourselves in."
Lauren Boers, Applications Engineer at Moment Energy
As Moment Energy advances the next-generation of its Luna and Nova systems, with higher energy density and modular swappability, the team remains just as focused on supporting customers beyond, and even before, installation. Grounded in a mission to make clean energy attainable and affordable, Moment Energy helps facilities secure BC Hydro incentives, federal tax credits, and financing support that routinely reduce project costs to less than 10% of the total capital investment.
For Claus and operations like God’s Pocket, it means having a partner that is committed not only to innovative technology but also to the long-term success of the project.
FUTURE
Powering what comes next.
As God's Pocket Resort enters its next phase of operation, the Moment Energy system continues to function as the backbone of its infrastructure. The 1,000th cycle marks just the beginning of a long lifespan that Claus expects will serve the resort's evolving needs for years to come. For remote operations facing similar challenges, whether resorts, research stations, or industrial sites, and more, God's Pocket demonstrates that battery energy storage isn't just about reducing costs. It's about building resilient, adaptable energy systems that improve operations today while supporting growth tomorrow. And with over 1,000 cycles behind it, this system is just getting started.
