Moment Energy, one of North America's leading EV battery repurposing companies, secured $5 million in growth financing from TD Innovation Partners (TDIP), the innovation banking division of The Toronto-Dominion Bank.

The funding underscores the growing institutional support for Canadian clean technology companies as they advance the global transition to clean, affordable, and reliable energy.

"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, CPA, Associate Director, Capital Solutions, TD Innovation Partners. "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. To meet the growing domestic demand for its Luna BESS, the company plans to boost production.

By extending the life of EV batteries, the company reduces waste, strengthens domestic energy supply chains, and enhances energy security in the clean energy transition. Repurposing also helps reduce reliance on imported materials and first-life battery production, making renewable energy storage more sustainable and cost-effective over time.

"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," said Edward Chiang, CEO and Co-Founder of Moment Energy. ". "We're strengthening supply chains, improving grid resilience, and advancing the transition to sustainable power worldwide."

The TDIP financing follows a period of significant expansion for Moment Energy, including a recent strategic investment and partnership with Copec WIND Ventures, the venture capital arm of Latin American energy leader Copec. That collaboration will see Moment Energy deploy gigawatt-hours of second-life battery projects across Latin America and Europe, reinforcing its position as a global driver of circular energy innovation.