Indian startup to scale 15-minutes rapid EV charging with $13 million funding

Indian EV startup Exponent Energy, which claims to have developed a battery that gets powered from zero to 100% in just 15-minutes raised $13 million funds led by top VC firm Lightspeed.
Bengaluru-based Exponent has developed the epump and epack, its proprietary charger and battery pack, that together unlock a 15-min rapid charge for 0 to 100 per cent battery charge
The startup said that the new funds will be utilised to scale up its EV network to 100 location points per city, starting with Bengaluru.
All existing institutional investors, YourNest VC, 3one4 Capital and AdvantEdge VC, also participated in the latest funding round.