PE-VC Fund Investments
EV-charging solutions provider Exponent Energy raises $20-M led by 360 ONE, TDK Ventures
Bengaluru-based Exponent Energy has raised INR 182 crore (USD 20 million) in an extended Series B round, co-led by 360 ONE and TDK Ventures. Other participants in the funding round include YourNest Venture Capital, Advantedge Technology, Eight Roads Ventures, 3one4 Capital, Lightspeed India, Rohati Private Strategies, Indigo Circle Advisors, and Vivek Kamlesh Doulatani.Founded in 2020 by Arun Vinayak and Sanjay Byalal, Exponent Energy develops rapid-charging solutions for electric vehicles, allowing for full charging in 15 minutes. The company collaborates with OEMs to integrate its e-pack technology and establishes a network of e-pumps to facilitate efficient charging for logistics operators.
Between May 2021 and Dec 2023, Exponent Energy had attracted about USD 47 M from 3one4 Capital, AdvantEdge Partners, Climate Angels Fund, Eight Roads Ventures, Lightspeed Ventures, Munjal Family Office, TDK Ventures, YourNest, and others.For FY25, Exponent Energy had reported about INR 30 Cr in Operating Income and about INR 64.56 Cr in Net Loss.
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