Funding · Mobility & Logistics

Exponent Energy raises ₹200 Cr for EV charging

By Startup Enthusiast · 10 June 2026

What they do

Exponent Energy makes battery packs and chargers that fully charge commercial EVs in 15 minutes

It raised ₹200 Cr ($21.1 Mn) co-led by 360 ONE Asset and TDK Ventures, with Hitachi Ventures joining

Hitachi Ventures made its first Indian investment, and 360 ONE Asset entered the EV space for the first time

Exponent Energy raised ₹200 Cr ($21.1 Mn) in a funding round.
The round was co-led by 360 ONE Asset and TDK Ventures.
Hitachi Ventures participated, making its first investment in an Indian company.
Existing investors Lightspeed, Eight Roads Ventures, 3one4 Capital, and AdvantEdge VC also participated.
360 ONE Asset made its first foray into the EV space with this investment.
The company will use the funds to accelerate R&D, expand into new vehicle categories, and grow its physical presence.
Earlier this year, Exponent Energy launched a subsidiary Exponent One for EV financing, which raised $2 Mn from AdvantEdge.

The funding comes as Exponent Energy competes with Chargeup and BatterySmart in the charging market.

Exponent Energy develops proprietary battery packs and charging infrastructure for commercial EVs.
Its technology enables a full charge in 15 minutes using standard lithium-ion cells.
The company offers three products: e^packs (batteries), e^pumps (chargers), and e^plugs (connectors).
Its charging infrastructure is interoperable, allowing drivers to use Exponent rapid chargers or standard public/domestic chargers.
The company was founded in 2020 and has raised a total of $65.7 Mn to date.

360 ONE Asset (co-lead) — Indian asset manager making its first EV investment.
TDK Ventures (co-lead) — Corporate venture arm of TDK Corporation.
Hitachi Ventures (participated) — Corporate venture arm of Hitachi, making its first Indian investment.
Lightspeed (existing) — Global venture capital firm.
Eight Roads Ventures (existing) — Global venture capital firm.
3one4 Capital (existing) — Indian venture capital firm.
AdvantEdge VC (existing) — Indian venture capital firm.

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