Funding · Mobility & Logistics
Exponent Energy raises $5 million for EV charging
By Startup Enthusiast ·
- Date
- Company
- Exponent Energy
- What it does
- Fast-charging EV battery and charger tech
- Kind
- Funding
- Amount
- $5 million
- Stage
- seed
- Based in
- Bengaluru
- Founded
- 2020
- Sector
- Mobility & Logistics
What they do
Exponent Energy develops fast-charging battery and charger technology for electric vehicles
What happened
It raised $5 million in seed funding led by YourNest VC with 3one4 Capital, AdvantEdge VC and Motherson Group participating
Why it matters
The company claims 15-minute rapid charging for EVs using regular lithium-ion cells with a cycle count of 3,000
The details
- Exponent Energy has raised $5 million in a seed funding round.
- The round was led by YourNest VC.
- Participating investors included 3one4 Capital, AdvantEdge VC and Motherson Group.
- The company will use the funds to commercially deploy its charging and battery solutions.
- Deployment is set to start in early 2022 in Bengaluru and then expand to other cities.
- Exponent Energy is also hiring across product, engineering and deployment teams.
The bigger picture
- The fundraise comes amid rising interest in the EV infrastructure space.
- Earlier the same week, Charge+Zone raised a $10 million bridge round.
About the business
- Exponent Energy develops fast-charging battery and charger technology for electric vehicles.
- It claims 15-minute rapid charging for EVs using regular lithium-ion cells with a cycle count of 3,000.
- The company is headquartered in Bengaluru and was founded in 2020.
What happens next
- Commercially deploy charging and battery solutions starting early 2022 in Bengaluru, then other cities.
- Hire across product, engineering and deployment teams.
The deal
- Type
- seed
Investors
- YourNest VC (lead)
- 3one4 Capital (participated)
- AdvantEdge VC (participated)
- Motherson Group (participated)
Founders
- Arun Vinayak, Co-founder
- Sanjay Byalal Jagannath, Co-founder
About Exponent Energy
- Product
- Proprietary battery packs and rapid-charging stations that fully charge EVs in 15 minutes
- Customers
- Commercial EV fleet operators and transportation companies
- How it makes money
- Infrastructure deployment with financing solutions for fleet operators
- What sets it apart
- Uses standard lithium-ion cells with interoperable charging infrastructure
- Operations
- Operates charging stations across Indian cities with expandable network
More on Exponent Energy
- Exponent Energy completes 200 EV retrofits in Bengaluru22 September 2026 · Launch
- Exponent Energy raises ₹200 Cr for EV charging10 June 2026 · Funding · ₹200 Cr ($21.1 Mn)
- Cofounder Sanjay Byalal Jagannath exits Exponent Energy27 May 2026 · People
- Exponent Energy raises Rs 182 crore extended Series B21 March 2026 · Funding · Rs 182 crore ($20 million)
- Exponent Energy launches EV financing arm Exponent One17 February 2026 · Launch · $2 Mn (₹18.2 Cr)
- Exponent Energy opens first retail store in Bengaluru1 December 2025 · Launch
- Exponent Energy launches retrofit tech for three-wheelers7 November 2025 · Launch
- Exponent Energy launches revamped 15-minute EV charger25 August 2025 · Launch