Funding · Mobility & Logistics

Exponent Energy raises Rs 182 crore extended Series B

By Startup Enthusiast · 21 March 2026

What they do

Exponent Energy builds rapid-charging solutions that charge electric vehicles fully in 15 minutes

It raised Rs 182 crore ($20 million) in an extended Series B round co-led by 360 One and TDK Ventures

The round values the company at Rs 1,250-1,300 crore, up 56% from its previous round in December 2023

Exponent Energy is raising Rs 182 crore ($20 million) in an extended Series B round.
The round is co-led by 360 One (contributing Rs 45 crore) and TDK Ventures (contributing Rs 44.50 crore).
Other participants include YourNest Venture Capital (Rs 37.82 crore), Advantedge Technology (Rs 19 crore), Eight Roads Ventures (Rs 15.58 crore), 3One4 Capital (Rs 8.9 crore), and Lightspeed India (Rs 6.67 crore).
Additional investors are Rohati Private Strategies, Indigo Circle Advisors, and Vivek Kamlesh Doulatani.
The company's board approved the issue of 85,135 Series B2 CCPS at Rs 21,430 each.
An ESOP pool of 11,550 options worth ~Rs 24.75 crore was added, bringing the total to 62,570 options.
A SAR pool of 4,000 options was also created; the combined ESOP+SAR pool is valued at Rs 142.6 crore.
This is the first major funding for Exponent Energy in over two years since its Series B in December 2023.

The company's post-money valuation is estimated at Rs 1,250-1,300 crore, a ~56% increase from Rs 797 crore in the previous round.
Exponent Energy's revenue grew over 80% to Rs 30.2 crore in FY25 from Rs 16.4 crore in FY24.
Its losses narrowed 66% to Rs 65 crore in FY25 from Rs 192 crore in FY24.
The company had raised $26.4 million in Series B in December 2023 and $13 million in August 2022, totalling over $44 million before this round.

Exponent Energy builds rapid-charging solutions for electric vehicles (EVs), enabling a full charge in 15 minutes.
It partners with original equipment manufacturers (OEMs) to integrate its e-pack battery technology into vehicles.
The company operates a network of e-pump charging stations for logistics operators.
Its revenue in FY25 was Rs 30.2 crore, up over 80% from Rs 16.4 crore in FY24.
Its losses in FY25 were Rs 65 crore, narrowed 66% from Rs 192 crore in FY24.

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