In 2019, rolled out a Vancouver-based cleantech/energy company, providing a reliable and environmentally friendly energy storage solution. Started off as four co-founders/engineers, now a team of around 16 in two years. (Gurmesh Sidhu)

Grow A Small Business Podcast

In this episode, I interview Gurmesh Sidhu, the Co-founder and Chief Product Officer at Moment Energy, a Vancouver-based cleantech startup repurposing electric vehicle batteries for energy storage. Moment's goal is to provide a reliable and environmentally friendly energy storage solution for our customers.

Moment Energy is a Canadian-owned and operated company founded by four tech entrepreneurs in 2019, with a mission to provide worldwide access to clean, reliable, and affordable power. From creating a solution to certain issues to rolling out second-hand batteries in changing the world. Started off as four co-founders/engineers, now a team of around 16.

Gurmesh said that what he loves the most in growing a small business is the feeling of gratification. They find that feeling of gratification through giving people a job, reducing carbon footprint and carbon dioxide pollution, and making an impact on the planet.

This Cast Covers:

• Creating stationary energy storage from electric vehicle batteries, optimizing and ensuring they perform at their best.
• The revenue model is simply based on one-time sales as of the moment but starting transitioning into energy storage as a service model.
• A cleantech startup repurposing electric vehicle batteries for energy storage.
• Providing clean, affordable, and reliable energy storage by repurposing retired electric vehicle batteries.
• How energy storage systems made from repurposed electric vehicle batteries help build a sustainable economy.
• A cleantech company’s goal is to provide a reliable and environmentally friendly energy storage solution for their customers.
• A Canadian-owned and operated company founded by four tech entrepreneurs.
• Helping build a sustainable environment by keeping people’s lights on, and their batteries from ending up in landfills.
• Realizing they will succeed in this space when they find a solution to an issue that hasn’t been solved yet.
• The importance of hiring people who are talented and most of all will fit into the business culture.

Additional Resources:

• Moment Energy
• The Hard Thing About Hard Things By Ben Horowitz
• What You Do Is Who You Are By Ben Horowitz

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Quotes:

“Success looks to me like building a pack that can compete with the big players out there.”

—Gurmesh Sidhu

“Focus on those key clients that you see a lot of traction with.” —Gurmesh Sidhu

“You have to learn what's worth your time to do, and what's worth your time not to do.” —Gurmesh Sidhu

“You need to be able to push through, you can't just give up every time a challenge faces you.” —Gurmesh Sidhu

“Take time making sure people fit in with you and your culture.” —Gurmesh Sidhu

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Music from https://filmmusic.io “Cold Funk” by Kevin MacLeod https://incompetech.com. License: CC by http://creativecommons.org/licenses/by/4.0