•1 min read•from TechCrunch
Moment Energy raises $40M to meet ‘infinite demand for power’ with EV batteries
Our take
Moment Energy has successfully raised $40 million to address the growing demand for sustainable power solutions through innovative repurposing of electric vehicle (EV) batteries. CEO Edward Chiang shared insights with TechCrunch about the company’s vision to transform used batteries into reliable energy storage systems. This approach not only extends the lifecycle of EV batteries but also contributes to a greener energy future. By harnessing this potential, Moment Energy positions itself at the forefront of the evolving energy landscape, ready to meet the challenges of tomorrow.
The startup has put a spin on repurposing EV batteries, CEO Edward Chiang told TechCrunch.
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