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Exponent Energy Raises $5 Million In Funding Led By Yournest Vc

Dec 08, 2021•over 3 years ago

Amount Raised

$5 Million

Bengaluru

Description

Bengaluru: Exponent Energy, a startup developing fast-charging battery and charger technology for electric vehicles, has raised $5 million in funding led by YourNest VC, along with participation from 3one4 Capital, AdvantEdge VC and automotive component maker Motherson Group.

Company Information

Company

Exponent Energy

Location

Bengaluru, Karnataka, India

About

Founded in 2020 by former Ather Energy executives Arun Vinayak and Sanjay Byalal Jagannath, the startup said it will utilise the capital to commercially deploy its charging and battery solutions in early 2022, starting in Bengaluru and then scaling it up to other cities. He added that the company has been witnessing rapid adoption for its E-pack and E-pump battery and charging solutions in the logistics space, which drove the company to close the round and enter the market in early Unlock RewardsThe company is also looking to hire people across its product, engineering and deployment teams.