Exponent Energy gets Rs 220 crore investment, expansion to 5 cities and e-bus partnership on cards in 2024
Bengaluru-based deep tech start-up Exponent Energy can play a key role in disrupting electric vehicle space with its 15-minute charging technology. It has raised Rs $26.4 million (Rs 220 crore) in series B round led by Eight Roads Ventures, including a strategic investment from TDK Ventures – marking their first investment in India’s EV sector. Along with two new global investors, the round witnessed participation from all existing investors like Lightspeed, YourNest VC, 3one4 Capital, AdvantEdge VC, and the family office of Dr. Pawan Munjal, Chairman & CEO, Hero MotoCorp.
