HomeStartupEV Rapid Charging Startup Exponent Energy raise $26.4 Million in Series B

EV Rapid Charging Startup Exponent Energy raise $26.4 Million in Series B

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India's Exponent Energy may have found the secret to 15-min rapid EV  charging | TechCrunch
  1. Bengaluru-based Exponent Energy, specializing in rapid 15-minute EV charging, secured INR 220 Cr ($26.4 Mn) in its Series B funding round.
  2. The funding was led by Fidelity-backed Eight Roads Ventures and also saw participation from TDK Ventures and existing investors, including Lightspeed, YourNest VC, 3one4 Capital, AdvantEdge VC, and the family office of Dr. Pawan Munjal.
  3. With a focus on strengthening its manufacturing and business operations, Exponent Energy aims to expand into other vehicle categories and enter five more cities after finding its product-market fit.
  4. The recent investment brings Exponent Energy’s total funds raised to $44.4 Mn.
SourceEntrackr

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