Recognition from the region’s leading venture summit underscores investor confidence in Worlds’ rapid growth and its role in redefining how enterprises see, sense, and automate the physical world.

DALLAS, Nov. 4, 2025 — Worlds has been named “Startup of the Year” by Venture Dallas at the 2025 Venture Dallas Summit, held at the George W. Bush Institute and Presidential Library. The company was selected from more than 130 startups—the largest pool of candidates to date—and down-selected to one of six finalists in the Series A category before being named Startup of the Year. Worlds’ recognition marks a pivotal moment as Physical AI moves from early vision to enterprise reality, transforming how organizations integrate AI into physical operations.

The Worlds platform is a foundational AI technology that is transforming how enterprises operate in the physical world. While other branches of Physical AI focus on autonomous vehicles and robotics, Worlds is enabling the creation of intelligent environments by connecting to existing cameras and sensors and converting real-world processes into live spatial data. Within these environments, organizations can deploy AI agents and agentic workflows that secure, automate, and accelerate their most critical operations, bringing Physical AI to life inside the enterprise.

“This award recognizes more than our company—it validates a fundamental shift in how intelligence and automation are being woven into the fabric of the physical world,” said Dave Copps, CEO and Co-founder of Worlds. “Physical AI is no longer a future technology—it’s happening today. It’s giving enterprises the power to see their operations at scale, and unlock transformative gains in productivity, efficiency, and safety. We’re honored to represent this movement here in Dallas and could not have done it without our amazing investors led by Align Capital, Moneta Ventures, GPG Ventures and Strategic investors Chevron Technology Ventures and PIVA.”

“2025 is the year physical AI goes mainstream,” said Chris Rohde, Co-founder and President of Worlds. “This isn’t incremental improvement – this is structural change on a massive scale. Our platform currently operates across facilities spanning up to 4 square miles, orchestrating cameras, vehicle transponders, personnel badges, and dozens of sensor types in real time—true sensor fusion at enterprise scale.”

“Worlds represents everything Venture Dallas stands for—radical innovation rooted in North Texas, solving real-world challenges with transformative technology,” said Bryan Chambers, Co-founder of Venture Dallas. “This recognition isn’t just about one company’s success; it reflects the strength and momentum of our region as a hub for world-changing AI innovation.”

David Evans, Managing Partner of Sentiero Ventures and member of the Venture Dallas Steering Committee, added: “When you see a team that has cracked both the technology and the market timing, you recognize something special. Worlds has done both. Their ability to deploy AI at true enterprise scale, across existing infrastructure, positions them at the epicenter of a multi-trillion-dollar transformation. This award is a well-deserved recognition of their exceptional execution.”

The Venture Dallas “Startup of the Year” award celebrates innovation, growth potential, and the capacity to meaningfully impact industries and communities. Worlds’ selection underscores North Texas emergence as a hub for breakthrough technology and the region’s role in shaping the future of AI.

About Worlds

Worlds has created an end-to-end open AI platform for the physical world. By connecting to an organization’s existing cameras and sensors, Worlds converts real-time sensor data into live spatial intelligence, enabling enterprises to deploy AI Agents and autonomous applications across their physical operations at unprecedented scale. From commercial distribution centers, manufacturing facilities, and logistics operations to mission-critical Federal facilities spanning square miles, Worlds AI empowers the world’s largest organizations to measure, automate, and optimize their physical world. Learn more at www.worlds.io.

About Venture Dallas

Venture Dallas is a 501(c)(6) non-profit organization dedicated to growing the innovation ecosystem in North Texas by connecting early-stage investors, venture capitalists, and high-growth companies. Through its annual conference, networking events, and recognition programs, Venture Dallas helps facilitate collaboration and investment across key sectors including technology, healthcare, and defense. For more information, visit https://www.venturedallas.org/.

Media Contact:

Breana Long
Director of Marketing, Worlds
[email protected]
(817)357-2064
www.worlds.io

SOURCE Worlds

First and leading GenAI Adoption Management Platform continues accelerated growth, innovation for enabling high-impact enterprise GenAI adoption

LOS GATOS, Calif., Nov. 4, 2025 — GenAI Adoption Management Platform Portal26 today announced a $9 Million Series A round of funding led by Shasta Ventures. The round was also supported by leading AI and deep tech investor, Fusion Fund, as well as the venture arm of a Fortune 500 financial services institution. The company previously raised a seed round of $6 Million in 2022. Portal26 will use the proceeds to continue its accelerated growth and product innovations. 

“As enterprises across the world invest in Generative AI, they understand that a platform to manage and measure all aspects of AI adoption is essential to fully realize the potential of this transformative technology. We built Portal26 to provide the visibility, security, governance, and strategic analytics necessary for companies to manage their transition for the new normal of how work gets done in the enterprise,” said Arti Raman, CEO, Portal26. “We are excited to partner with Shasta to expand our ability to enable companies to successfully extract the full value of Generative AI.” 

“At Shasta Ventures, we look for visionary founders and companies who are solving important problems in transformative ways. We are excited to partner with Portal26 and to provide the resources and support needed to accelerate its growth.” said Jacob Mullins, Managing Director, Shasta Ventures.  “As the first and leading GenAI Adoption Management Platform, its innovative approach to finding GenAI in the enterprise, securing it, and enabling measurable ROI, is a great example of the kind of leadership and creativity we seek to back. We look forward to helping Portal26 continue to build something extraordinary and sustain its strong growth.”

“Fusion Fund is delighted to support Portal26 as it continues its impressive journey to becoming the trusted platform for GenAI governance, security, and strategy in the enterprise,” said Lu Zhang, Founder and Managing Partner, Fusion Fund. “This round comes at a time when Portal26 has a mature, enterprise-grade solution that monitors hundreds of thousands of enterprise GenAI users. With exceptionally high customer trust and excellent support from ecosystem partners, Portal26 is poised for strong growth.”

In addition to the funding announcement, Raman said the company continues to hit significant milestones, with major customer wins and prominent partnerships across the security, systems integrator, reseller, and hyperscaler ecosystems.

“Portal26 stands apart from our competitors in both the quality and quantity of customers we have,” said Raman. “A vast majority of these customers have made large multi-year commitments of up to 7 figures. This reflects their tremendous confidence in both our current platform as well as our ability to grow features at the fast pace of the broader AI market.”

Raman noted that in the two years since the Portal26 GenAI Adoption Management Platform was launched, it has grown to become the industry’s richest and most complete resource for governing the consumption of GenAI in the enterprise. Available in a variety of standalone as well as integration-based architectures, Portal26 encompasses real-time zero-day ShadowAI detection, GenAI security and policy enforcement, GenAI Forensic Audit, GenAI Risk Management, GenAI intent and use case analysis, GenAI cost and license analytics, GenAI Strategy, GenAI Policy Management, and GenAI Employee Education.

About Portal26

Portal26 is the GenAI Adoption Management Platform that helps enterprises embrace and accelerate the competitive promise of Generative AI. It provides the essential foundation for complete GenAI visibility to manage users, drive program ROI, establish governance, ensure security, and deliver targeted education. Regardless of your current stage of enterprise GenAI adoption, Portal26 rapidly enables your buildout of a trusted, responsible GenAI program that lifts organizational competitiveness and ignites unprecedented productivity and revenue gains.  Learn more at portal26.ai.

SOURCE Portal26, Inc.

New Patent Brings AI Closer to True Multimodal Conversational Understanding

BRIDGEWATER, N.J., Nov. 4, 2025 — Openstream.ai announced that the U.S. Patent and Trademark Office has granted a foundational patent covering the company’s innovative method and system for processing multimodal conversations using advanced attention mechanisms and contextual reasoning.

This newly allowed patent defines how AI systems can intelligently interpret, learn from, and respond to complex human interactions that span multiple modalities—such as voice, text, gestures, facial expressions, images, video, and eye gaze—to generate contextually aware and adaptive responses.

At the heart of the invention is a novel framework that allows an AI system to:

• Fuse data from multiple sensors and inputs to interpret meaning beyond words.
• Apply attention mechanisms that dynamically learn what to focus on—whether it’s tone, visual cues, or conversational context.
• Understand conversation flow over time through dual “sequence” and “temporal” attention streams.
• Continuously learn from user interactions to deliver more relevant and personalized responses.
• Generate actionable responses across enterprise data and applications, displayed in an intuitive, interactive dashboard.

“This patent marks a big step toward AI that understands people the way people understand each other,” David Stark, CMO at Openstream.ai. “With our novel approach, now machines can adapt to how humans naturally communicate, making agentic conversations meaningful.”

“By combining multimodal perception with causal reasoning and adaptive attention, Openstream.ai’s technology brings AI closer to true conversational intelligence—creating the foundation for AI systems that will engage in natural, fluid interactions across any communication modality, where understanding true intent beyond literal commands is paramount,” added Dr. Reza Haffari, Chief AI Scientist of Openstream.ai.

These advanced capabilities are now integral to Openstream.ai’s Eva™ platform—delivering grounded, hallucination-resistant AI that understands real-time context, intent, and the nuances of human interaction. With Eva, users can engage naturally with enterprise knowledge: for instance, an analyst can simply point to an anomaly on a live dashboard and ask, “Why did this spike occur?” and Eva instantly correlates data across systems to explain the cause and recommend next actions.

Eva also deepens brand relationships through multimodal understanding. Its AI agents interpret sentiment from vocal cues, facial expressions, gestures, and even silence—responding with empathy and precision. For example, a customer filing an auto insurance claim can walk around their vehicle on video while speaking with Eva, which identifies damage, verifies coverage, and initiates the claim—all on the spot, without frustration or delay.

This patent adds to the momentum of a series of notable achievements for Openstream.ai in 2025, including recent patents Multimodal Collaborative Plan-Based Dialogue and Trustworthy AI, being named to KMWorld magazine’s Trendsetting Products of 2025 list, named a 2025 KMWorld 100 Companies that Matter in Knowledge Management, the 2025 World Future Award for Best Multimodal Platform, an AI Visionary on the eWeek Top AI Companies in 2025 list, and being included in over 20 Garter Reports.

About Openstream.ai

Openstream.ai is redefining human-AI collaboration with Eva™, its neuro-symbolic, multimodal Agentic AI platform. Designed to understand intent, context, and emotion, Eva™ delivers accurate, explainable, and human-like AI experiences for enterprises worldwide.

For more information about Openstream.ai, visit www.openstream.ai or follow the company on LinkedIn.

Media Contact
(908) 685-5844
[email protected]

SOURCE Openstream.ai

With its fourth spatial patent — part of a 16-patent AR social portfolio — Flying Eye’s Spotselfie® platform owns the monetization layer of the $100B AI + AR spatial economy.

CHICAGO, Nov. 4, 2025 — As Big Tech races to dominate the XR hardware market, one company has quietly claimed the territory they’ll need to make it pay. Flying Eye Reality, Inc. today announced that the U.S. Patent and Trademark Office has issued its fourth major spatial advertising patent, completing a portfolio that defines and protects the ownership, leasing, and monetization of virtual land tied to real-world locations.

“This fourth spatial patent secures the missing piece,” said Ray Shingler, Co-Founder of Flying Eye Reality. “While Meta, Snap, and Google build the glasses, we own the ad space beneath them. As AI-powered XR devices go mainstream, these patents become the foundation for how real-world advertising and digital land will operate in the spatial era.”

With this milestone, Flying Eye Reality now holds the most comprehensive global portfolio for AR social media, digital land ownership, and spatial advertising. Together, the four patents enable:

• Creation of virtual subdivisions mapped to real-world areas
• User and organizational leaseholds tied directly to those locations
• Dynamic reassignment and sharing of leaseholds based on traffic, demographics, or marketing criteria
• AR storefronts, signage, and advertising units overlaid on physical spaces, creating a new socially networked layer of commerce in the real world.

The Future: AI + XR Glasses Skyrocket Patent Value

As more than 40 companies, including Apple, Meta, Google, and Snap, race to release XR glasses, these patents become exponentially more valuable. With AI driving context-aware ad placement, Flying Eye Reality’s portfolio ensures that digital land advertising anchored to real-world spaces can only occur through its patented frameworks.

According to Verified Market Reports, the augmented reality for advertising market is projected to reach $30 billion by 2033, growing at a CAGR of 18.4% (Verified Market Reports). https://www.verifiedmarketreports.com/product/augmented-reality-for-advertising-market/?utm_source=chatgpt.com

Real-World Use Case

Spotselfie has already proven this technology in real-world settings on a large U.S. university campus, where ads, storefronts, and Spotlands® were successfully anchored to real-world locations. This first-of-its-kind deployment validates Flying Eye Reality’s patents as the foundation for AR advertising tied to real-world locations.

Imagine walking across a college campus or through a stadium and seeing AR storefronts, branded signage, and interactive pop-ups anchored to real-world buildings and spaces. That’s precisely what Flying Eye Reality’s Spotselfie® platform enables, turning digital land into a monetizable layer of the real world.

Spotselfie®: The Exclusive Platform

Unlike Meta, Snap, Google XR, or Apple, only Spotselfie®, the AR Social Metaverse, is fully positioned to benefit from this four-patent portfolio. Spotselfie already operates as the only AR social platform where users, creators, and brands interact through GPS-anchored campaigns and digital land monetization.

Strategic Acquisition & Licensing Opportunity

Flying Eye Reality believes its patent portfolio represents a strategic acquisition or licensing opportunity for companies building the next generation of XR hardware and immersive platforms. The company’s intellectual property provides the legal foundation for location-anchored monetization in AR/XR, ensuring that the coming wave of AI-powered glasses must run through Flying Eye Reality’s innovations.

About Flying Eye Reality, Inc.
Flying Eye Reality pioneers technologies at the intersection of augmented reality, XR, and digital land monetization. Its flagship platform, Spotselfie®, the AR Social Metaverse, enables users, brands, and organizations to interact through AR layers mapped directly to real-world spaces.

For media inquiries, please contact:
Ray Shingler
Co-Founder, Flying Eye Reality, Inc.
[email protected]
219-309-7048
www.spotselfieapp.com

SOURCE Flying Eye Reality, Inc.

Delivery of a CircularEV™ truck to Circular Fashion LA highlights how incentives, flexible financing, and retrofit innovation are unlocking access to clean mobility

LOS ANGELES, Nov. 4, 2025 — Evolectric, Alternative Fuel Leasing Company (AFLC), and CALSTART, administrator of the California Air Resources Board’s Innovative Small E-Fleet Pilot Project (ISEF), announced a milestone in making fleet electrification accessible to small businesses and mission-driven organizations.

ISEF offers small fleets and independent owner-operators access to zero-emission vehicles through innovative solutions such as all-inclusive leases, rentals, truck sharing, and truck-as-a-service.

Through this collaboration, Circular Fashion LA received its first CircularEV™ truck, demonstrating how incentives, flexible financing, and retrofit innovation can converge to accelerate adoption of clean mobility.

This project illustrates a replicable model: ISEF reduces upfront costs, AFLC provides flexible financing, and Evolectric delivers scalable retrofit technology through its CircularEV™ solution, which transforms existing commercial trucks into fully electric, smart-enabled vehicles. Together, these enablers are breaking down barriers for small and medium-sized fleets that often struggle to access clean transportation options.

“This delivery shows the power of partnerships. When incentives and financing align with retrofit technology, we can give small fleets the same opportunities as large corporations to go electric,” said Jakson Alvarez, Co-Founder of Evolectric. “With CircularEV™, fleets don’t need to wait for expensive new vehicles. We make electrification faster, smarter, and more sustainable by reusing the assets they already trust.”

“Our mission is to empower fleet owners by upgrading to cleaner and smarter technology without the upfront financial burden.” said Preston Hayes, Founder of Alternative Fuel Leasing Co. “By leveraging ISEF and innovative retrofit solutions like Evolectric’s CircularEV^TM, we can help organizations adopt zero-emission trucks at scale.”

“California’s Clean Truck and Bus Voucher Incentive Project was designed to ensure fleets of all sizes can access clean vehicles,” said Niki Okuk, Deputy Director at CALSTART. “When technology providers like Evolectric and financing innovators like AFLC work together, it shows how we can deliver zero-emission trucks into the hands of small fleets, creating cleaner air in the communities that need it most.”

For Circular Fashion LA, the delivery marks a major step in expanding its mission to build a regenerative, circular fashion system.

“With this vehicle, we can expand our impact across Los Angeles,” said Karri Ann Frerichs, Founder of Circular Fashion LA. “Evolectric and its partners made this transition possible, showing how even small, mission-driven companies can access the tools to lead on sustainability.”

Both Evolectric and Circular Fashion LA are portfolio companies of the Los Angeles Cleantech Incubator (LACI), where they first connected through their shared commitment to circular innovation.

The CircularEV™ truck will serve as Circular Fashion LA’s new Mobile Circular Fashion Lab, offering clothing repair, upcycling, and educational workshops directly in communities across Los Angeles. By combining clean transportation with circular fashion, the initiative shows how different industries can work together to reduce waste, extend asset life, and empower communities to embrace sustainability.

Read the full article and learn more here:

https://evolectricnow.com/blog

Media Contact:
Nathalie Stein

310-596-7557
[email protected]

SOURCE Evolectric Inc.

PITTSBURGH, Nov. 4, 2025 — Mine Vision Systems (MVS), the leader in vision-driven mapping and analytics for underground mining, today announced a $12.5 million Series A financing led by Rockwell Venture Capital with a significant commitment from Condire Investors. The capital will fuel rapid execution of MVS’s product strategy and expansion of its decision-making platform for underground operations, building on strong industry momentum in 2025.

“This investment exceeded our initial target of $10 million and will enable us to accelerate our product roadmap and deliver the decision platform underground mining has been waiting for,” said Michael Smocer, CEO of Mine Vision Systems. “2025 has been a breakout year. We are proud of the partnerships we have built with many of the world’s largest and most innovative mining companies, and we are beginning to scale what’s working.”

Kent Rockwell, Founder & CEO at Rockwell Venture Capital, said: “We have partnered with MVS for years and have a front-row seat to the company’s progress. The team’s execution over the past three years has translated into real operational impact for customers. We are  enthusiastic to lead this round and support the next phase of growth.”

Ryan Schedler, Founder & Managing Director at Condire, said: “For us, this is an exciting step. We performed extensive diligence, speaking with our mining portfolio companies and other industry leaders. The feedback on MVS and FaceCapture was consistently strong. We believe MVS provides essential technology for the underground mining value chain.”

Proceeds from the round will accelerate R&D and product integration, expand deployments of FaceCapture and adjacent analytics, and strengthen customer success in key mining regions.

ABOUT MINE VISION SYSTEMS

Founded in 2015, MVS focuses on bringing vision-related technology and software algorithms to the resources mining industry. As pioneers in the underground 3D mapping space, we work worldwide to improve efficiency, safety, production, and automation in mining through unmatched data collection, insights and workflow.

Contact:
Kevin Kocak 
[email protected]

SOURCE Mine Vision Systems

AI/ML-Powered Platform Streamlines Materials Procurement While Enabling Emissions Reduction Across North American Construction Industry

SAN FRANCISCO, Nov. 4, 2025 — C.Scale, a technology startup, has raised $2 million in pre-seed funding to connect supply and demand in the fragmented, $1 trillion building materials market while accelerating the shift to low-carbon construction. The investment round was co-led by Active Impact Investments and Wireframe Ventures, two leading North American early-stage investors focused on profitably building a healthier and more sustainable future.

The funding accelerates C.Scale’s AI/ML-powered platform that solves a critical supply chain inefficiency: connecting building product manufacturers directly with designers at the point of specification. As regulation and owners seeking higher performance buildings drive demand for low-carbon products, C.Scale enables architects to make streamlined, data-driven design and procurement decisions while helping manufacturers reach qualified buyers.

“The building industry faces data problems that cost time and money on every project,” said Jack Rusk, co-founder and CEO of C.Scale. “High-impact decisions are made in a data-scarce environment, resulting in guesswork and rework. Our platform gives project teams the right data at the right time to simplify selection of high-performance products.”

C.Scale utilizes building life cycle assessment to give a holistic description of a building’s materials, systems, and environmental impacts. The company’s unique AI/ML toolkit gives designers and owners the ability to evaluate the impacts of their decisions from the very beginning of the project. For manufacturers, the platform will offer a flow of high-quality leads by tracking detailed material quantities and carbon performance requirements from the earliest project phases, while providing visibility into the design process from concept through construction. 

“C.Scale is the connective tissue the building materials market has been missing,” said Paul Straub, Managing Partner at Wireframe Ventures. “Their approach of embedding intelligence directly into design workflows creates a scalable marketplace that benefits everyone: designers get faster access to better materials, manufacturers get qualified leads, and projects achieve meaningful carbon reduction. Their early traction with top-tier firms signals this is the right solution at the right time.”

In the past six months, hundreds of enterprise customers have modeled over 1,200 projects representing more than 120 million square feet of construction in C.Scale. These customers include 2 of the top 3 largest architecture firms in North America and 9 AIA Firm Award recipients. Global corporations, including Autodesk and Schneider Electric, are integrating C.Scale into their products and platforms. And Stanford University is piloting the platform to align building planning and procurement with long-term campus commitments.

In addition, C.Scale was selected for inclusion  in the Catalogue of Solutions for COP30, currently on display at the Building Pavillion in Belém as part of the 30th United Nations Climate Change Conference. There it will serve as a resource for governments, cities, businesses, and international organizations to accelerate deployment of proven solutions to make near-zero emission and resilient buildings the norm by 2030.

“What sets C.Scale apart is the team’s combination of deep building industry expertise and cutting-edge AI capabilities,” said Mike Winterfield, Managing Partner at Active Impact Investments. “They’ve identified a massive market inefficiency in a trillion-dollar industry. By bringing supply and demand together for low-carbon building products, they’re pairing a significant market opportunity with substantial emissions reduction. This is the kind of scalable infrastructure that can transform how an entire industry operates.”

About C.Scale
C.Scale is a Public Benefit Corporation putting data to work to enable low-carbon building design and streamline materials procurement. Co-founders Jack Rusk and Brad Jacobson incubated the technology at renowned architecture firm EHDD before spinning out the company in 2024. Based in San Francisco, the company combines deep industry knowledge with advanced data science to deliver actionable insights from concept through construction. To learn more, visit www.cscale.io or contact [email protected].

Media Contact:
Brad Jacobson
Co-Founder and COO
[email protected]
(415) 706-0786

SOURCE C.Scale

IRVINE, Calif., Nov. 4, 2025 — Alleviate Financial Solutions, LLC (“Alleviate”) today announced the closing of a $150 million growth capital investment from Sound Point Capital Management, LP. This funding marks a major step in establishing the Debt-to-Wealth category — which goes beyond traditional debt relief to help consumers transform their financial lives.

“With this investment, Alleviate is not only scaling — we’re defining a new industry,” said Michael Barsoum, CEO of Alleviate. “We are building one of the largest consumer financial companies in the country, but more importantly, we are pioneering the debt-to-wealth journey. This capital accelerates our ability to innovate, expand our platform, and serve millions of people who are earning more than debt relief — they are earning the tools to build lasting financial strength.”

“We are excited to partner with Alleviate as they deliver meaningful impact for consumers and advance innovative solutions that promote long-term financial health. This investment in debt settlement represents a disciplined extension of our strategy, supporting best-in-class originators who are addressing critical and underserved needs within consumer finance.”– Philip Bartow, Managing Director and Head of Specialty Finance, Sound Point Capital Management.

The financing will enable Alleviate to accelerate revenue growth, product innovation, and AI-powered operations. By integrating lending, financial education, and long-term wealth-building tools into its platform, Alleviate is creating a comprehensive financial ecosystem designed to move consumers beyond debt and toward financial growth.

About Alleviate Financial Solutions
Alleviate Financial Solutions is a next-generation financial services company on a mission to help consumers move from debt to wealth. Through innovative products, personalized support, and financial education, Alleviate empowers people to take control of their debt and unlock their financial future.

About Sound Point Capital Management
Sound Point Capital Management is an alternative asset management firm founded in 2008 with particular expertise in credit strategies. Based in New York City, with offices in London, Greenwich, West Palm Beach, and San Francisco, the firm manages money on behalf of institutional investors including top-tier pensions, foundations, insurance companies, wealth management firms, and family offices. Sound Point’s strategies span the spectrum of liquid and illiquid credit alternatives and include funds and managed accounts focused on leveraged loans, special situations, distressed debt, structured credit, direct lending, and commercial real estate. Sound Point currently manages over $44 billion in assets and was founded by Stephen J. Ketchum, who is the controlling shareholder. Five principals of Stone Point Capital LLC, as well as Blue Owl GP Stakes, a division of Blue Owl Capital Inc. [NYSE: OWL], and Assured Guaranty Ltd, are strategic investors in the firm. For more information, please visit www.soundpointcap.com.

SOURCE Alleviate

Partnership with Leading Latin American Energy Company Copec to Result in Deployment of GWhs of Second-Life Battery Projects in Latin America and Europe

VANCOUVER, BC, Nov. 4, 2025 — Moment Energy, one of North America’s leading EV battery repurposing companies, today announced a strategic investment from Copec WIND Ventures, the strategic venture capital arm of Latin American energy leader Copec. The investment launches a commercial partnership focused on deploying gigawatt-hours of second-life battery energy storage projects across Latin America and Europe—one of the largest EV fleet repurposing initiatives outside of China.

To date, Moment Energy has raised nearly $60 million, including investments from Amazon Climate Pledge Fund, Voyager Ventures, and now Copec WIND Ventures, along with more than $30 million in non-dilutive funding from the U.S. and Canadian governments.

Through this partnership, Moment Energy and Copec will deploy 45 megawatt-hours of near-term projects across commercial and industrial applications, expanding to an additional 300 MWh by repurposing batteries from Chile’s electric bus fleet—the second-largest in the world. The initiative marks a significant step toward establishing a domestic second-life battery supply chain in Latin America and Europe, thereby reducing reliance on Asian imports and fostering a more resilient, sustainable energy landscape across both regions. Currently, Copec distributes over 1 terawatt-hour (TWh) of energy annually from its energy storage facilities to its customers.

“At WIND Ventures, we see a looming supply gap for stationary energy storage as lithium-ion manufacturing stays focused on EVs,” said Brian Walsh, Head of Copec WIND Ventures. “Moment Energy has cracked the code on second-life batteries—turning what was once waste into safe, cost-effective, UL-certified storage systems. This partnership not only expands Moment’s commercial traction in Latin America but also strengthens domestic supply chains for energy storage in the Americas and Europe.”

“Partnering with Copec represents a pivotal milestone for Moment Energy,” said Edward Chiang, CEO and Co-Founder of Moment Energy. “Together, we’re deploying in Latin America and Europe, demonstrating how local repurposing can reduce supply chain dependencies, enhance energy security, and accelerate the global transition to clean, affordable, and reliable energy. We are excited to be working with one of the world’s leaders in EV bus fleets to enable a true circular economy and ensure all humans have access to clean, affordable, and reliable power.”

Moment Energy’s Luna battery energy storage system is the first repurposed battery system globally to achieve all key safety milestones with UL 1973, UL 9540, and UL 9540A certifications. The company’s system is powered by a proprietary, AI-driven Battery Management System (BMS), dynamically balancing thousands of cells, modules and packs from multiple OEMs, chemistries and states-of-health. This ensures industry-leading safety, reliability, and cost savings of over 30% compared to first-life battery systems, making them ideal for commercial, industrial, and grid-scale applications. Moment Energy has the most affordable, longest life, energy dense, commercial second-life system in the market.

“With this partnership, we are connecting with the global EV-battery supply chain, tapping into GWhs of supply. I am excited to accelerate repurposing and to welcome a new battery supplier into our pipeline,” said Sumreen Rattan, COO, Moment Energy.

The partnership aligns with growing global momentum to repurpose end-of-life EV batteries for stationary energy storage—a market projected to reach 965 GWh per year by 2035. With Chile’s growing fleet of retiring electric buses and Copec’s regional leadership in electrification, Moment Energy is uniquely positioned to scale second-life battery deployment at gigawatt-hour levels while fostering circular economy principles and reducing environmental waste.

About Moment Energy

Moment Energy is the world’s leading EV battery repurposing company, creating clean, affordable, and reliable battery energy storage systems (BESS) by repurposing retired electric vehicle batteries. Moment Energy works with major automotive companies, including Mercedes Benz Energy, to support circular economy goals and ensure their batteries are safely used in second-life applications before they are recycled. The team supports utilities, microgrids and commercial customers to improve grid reliability, power EV charging stations and reduce demand charges, all with a sustainable and performant BESS solution made from repurposed EV batteries.

For more information, please visit – https://www.momentenergy.com

About Copec WIND Ventures

Based in San Francisco, Copec WIND Ventures is the strategic venture capital arm of Copec, one of the leading energy, mobility, and retail companies in Central and South America and one of the most valued brands throughout Latin America. WIND Ventures leverages Copec’s significant resources to accelerate growth, primarily within Latin America, for startups and scaleups across the world within the new mobility, energy, and retail sectors. Visit windventures.vc or follow us on LinkedIn.

Media Contact:
Miguel Resendiz
[email protected]

SOURCE Moment Energy