Bangalore-based startup Exponent Energy, which aims to simplify energy for electric vehicles (EVs), has recently raised $13 million in a Series A funding round led by Lightspeed. 15 Electric vehicles charging startup Exponent Energy on Wednesday said it has raised USD 13 million (over Rs 100 crore) in a Series A funding round led by investment firm Lightspeed.. Market Research. Commenting on the funding round, Arun Vinayak, Co-founder & CEO, Exponent Energy, said Weve enjoyed thinking aloud with the Lightspeed team in all conversations leading up to the investment. Learn more about these programs and how they can help you -- whether you are a startup energy business Heres why, E-governance done right: Lessons from how TCS aced Passport Seva. The amount raised will be utilised to scale up the e^pump network to 100 location points per city, starting with Bengaluru; streamline e-pack production; and deliver more Exponent-enabled EVs, the startup said. The UK-based Gore Street Energy Storage Fund ( GSF) has finalised a deal to acquire a 200MW construction-ready energy storage project from Kona Energy for an undisclosed sum. Pushing boundaries for a cleaner, safer, and susta.. August 17, 2022 Snippets Exponent Energy, a 15-minutes EV rapid charging startup, has raised $13 million in its Series A round led by Lightspeed. Concern still remains in two wheelers, especially in entry level category. Shares of TPZ opened at $13.17 on Thursday. Exponent Energy is funded by 6 investors. This is Lightspeed's first investment in the EV space. We now Given the demand witnessed for our rapid charging technology in the logistics space, we prioritized closing the Pre-Series A to enter the market by early 2022, said Co-founder and CEO Vinayak. Sebi pushes back on model portfolios. Copyright 2022 ETAuto.com. ICICI Prudential India Opportunities Fund - Grow.. ICICI Prudential Large & Mid Cap Fund-Growth, EV startup Exponent Energy raises $13 million in funding led by Lightspeed, Electric vehicle (EV) fast-charging startup. Rapid EV Charging Indian Start-up Exponent Energy has recently raised $13 Million in a Series A funding round led by Lightspeed This is Lightspeeds first investment in the EV space. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. To read full story, subscribe to ET Prime, Billed annually at Industry Trends on 4000+ Stocks, Pro Investing by Aditya Birla Sun Life Mutual Fund. EV infra startup Exponent Energy has raised $5 million in funding led by YourNest VC, along with participation from 3one4 Capital, AdvantEdge VC and Motherson Group. We use cookies to ensure the best experience for you on our website.If you choose to ignore this message, we'll assume that you are happy to receive all cookies on ET Auto. exponent enabled rapid charging. 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Exponent Energy has previously raised $6 million in Seed and Pre-Series A rounds from investors such as the family office of Hero MotoCorps CEO Pawan Munjal, Motherson Group, YourNest VC, 3one4 Capital, and AdvantEdge VC among others. Rapid EV Charging Indian Start-up Exponent Energy has recently raised $13 Million in a Series A funding round led by Lightspeed Exponent Energy closed its last funding The U.S. Department of Energy (DOE) Solar Energy Technologies Office (SETO) Renewables Advancing Community Energy Resilience (RACER) is a $33 million funding program supporting projects that enable communities to use solar and solar-plus-storage to prevent disruptions in power caused by extreme weather and other events, and Commercial vehicle and tractor segment are on the positive trajectory. Days Trial Dear user, ET Auto privacy and cookie policy has been updated to align with the new data regulations in European Union. From Compliance to funding and everything in between. Speaking about the investment, Harsha Kumar, Partner, Lightspeed said, The need for enhancing EV battery performance, sustainability and most of all access and affordability has never been more pressing and so we are delighted to partner with Exponent to simplify energy for EVs. What next for Smallcase? 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The companys main manufacturing plant in Kancheepuram, Tamil Nadu, manufactures 400,000 chips every day and these have already been released into the market. Harsha Kumar, Partner, Lightspeed, while speaking about the investment, said, The need for enhancing EV battery performance, sustainability and most of all access and affordability has never been more pressing and so we are delighted to partner with Exponent to simplify energy for EVs. Days Trial. To read full story, subscribe to ET Prime, Billed annually at We are confident that the technology is a real breakthrough, allowing EVs to become ubiquitous.. TECO 2030 with partners have been invited for HORIZON EUROPE funding of EUR 5 million to realise the hydrogen powered tanker concept, HyEkoTank. Stock Radar: Breakout from channel formation could help this realty stock to surpass November 2021 highs, Choose your reason below and click on the Report button. PLAN, Access the exclusive Economic Times stories, Editorial and Expert opinion, Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors, Stock analysis. The company is also looking to hire people across its product, engineering, and deployment teams. Earlier this month, Exponent Energy partnered with Altigreen to make rapid charging a reality for eCVs on Indian roads. Exponent is a multi-disciplinary engineering and scientific consulting firm that brings together more than 90 different disciplines to solve engineering, science, regulatory, and business issues facing Sebi pushes back on model portfolios. Arjun Joshi, Staff reporter at Mercom India WebElectric vehicle (EV) fast-charging startup Exponent Energy said it has raised $13 million in funding led by Lightspeed Venture Partners, with existing institutional investors such as YourNest VC, 3one4 Capital & AdvantEdge VC also participating. Zero to full charge. PLAN, Access the exclusive Economic Times stories, Editorial and Expert opinion, Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors, Stock analysis. This funding now allows us to execute even faster and make 15-min rapid charging the new normal, Vinayak further added. Surging coal prices amid high demand and a lack of Russian coal imports has pushed European traders toward private funds to Nov 3, 2022. In addition to this, the startup also provides a 3000-cycle life warranty, while using regular Li-ion cells to make fast charging affordable and scalable. According to a report by Mercom Capital Group, smart charging companies received the highest VC funding in the first nine months of 2021, with $690 million in 12 deals. Exponent Energy, an electric vehicle charging start-up, said on Wednesday it has raised $13 million in a Series A funding round led by Lightspeed and attended by institutional investors YourNest VC, 3one4 Capital and AdvantEdge VC. Exponent Energy, which has For reprint rights: Continue reading with one of these options: Login to get access to some exclusive stories, Get access to exclusive stories, expert opinions &, Valid only with UPI, Credit & Debit Cards Autopay, Inciting hatred against a certain community, 15 Mercom India Renewables Summit 2023 New Delhi, EV Charging Startup Exponent Energy Raises $5 Million in Pre-Series A Round. The companies with the smart charging technology have attracted investments from oil & gas and utility majors, including bp, Gulf Oil International, and Iberdrola. This will alert our moderators to take action. Heres why. Exponent Energy, an electric vehicle (EV) charging infrastructure startup has raised $13 million in a Series A funding round. Before we implemented ExponentHR, it took three HR/benefits/payroll administrators to service 134 employees. He holds a bachelors degree in Journalism, Psychology, and Optional English from Garden City University, Bangalore. Existing investors YourNest VC, 3one4 Capital and AdvantEdge VC also participated in the round, the company said in a statement. The Bengaluru-based startup will deploy its charging and battery solutions in early 2022, Adani DISCOM to Procure 1 GW Renewable Power Bundled with Thermal, SECI Issues O&M Tender for 10 MW Solar Project in Rajasthan, Residential Solar Firm Sunruns Q3 Revenue Jumps 44% YoY on Higher Customer Acquisition, SECI Refunds 54 Million in Subsidy for Rooftop Solar Program in September 2022, Regulator Approves Purchase of 2.5 GW of Solar Power by Telangana DISCOMs, SECI Floats Tender for 1.2 GW of ISTS-Connected Wind-Solar Hybrid Projects. +Includes DocuBay and TimesPrime Membership. Follow @ETAuto for the latest news, insider access to events and more. However, the e^pack only from 0-100 per cent within 15 minutes when its being charged on Exponents charging infrastructure, and at a standard charging station it would take around 60 minutes. Total amount raised across all funding rounds, Total number of Crunchbase contacts associated with this organization, Total number of employee profiles an organization has on Crunchbase, Total number of investment firms and individual investors, Total number of organizations similar to the given organization, Descriptive keyword for an Organization (e.g. The company will use the money to expand its charging network in Bengaluru and other cities and streamline 2499 1749, Monthly Duke Energy Corp. and four other major Southeast power companies have joined a coalition with leadership from Ohio-based Battelle to pursue federal financial support for a six The Bengaluru-based company plans to collaborate with original equipment manufacturers (OEMs) in the cargo vehicle space and deploy a citywide charging network with partners. This team, with their drive and innovation, has made rapid EV battery charging possible in just 15 minutes. Exponent claims to have raised $6 million in total funding since its creation, including backing from notable investors like Motherson Group, 3one4 Capital, AdvantEdge VC, and others. Save my name, email, and website in this browser for the next time I comment. The Era of Electric Vehicles - Are We Already Ther.. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. The funding round led by Lightspeed Venture Partners saw The fund will be classified as dark green, i.e. Bengaluru-based EV energy startup Exponent Energy has raised $13 million in a Series A funding round as it is aiming to bring down the charging time from three hours to 15 Going forward, demand for PVs is expected to remain robust especially in the SUV category. Interestingly, this is also Lightspeed Indias first investment in the domestic EV space. Market Research. The round was led by YourNest VC, with participation from Copyright 2022 Bennett, Coleman & Co. Ltd. All rights reserved. 2499 1749, Monthly Bangalore-based startup Exponent Energy, which aims to simplify energy for electric vehicles (EVs), has recently raised $13 million in a Series A funding round led by Recognizing the need for EV charging infrastructure, Convergence Energy Services Limited (CESL), a wholly-owned subsidiary of Energy Efficiency Services Limited, issued an expression of interest to empanel EV charging point operators across India. November 9, 2022. As its tenants, tech and global firms, face recessionary clouds, Embassy REIT could fail investors. The coalition plans to ask the energy department for $1.25 billion and would match that with private funds to create a six-state hydrogen hub, said Duke Energy executive Swati Daji. Income Tax authorities, CAs caution IT professionals on tax implications of moonlighting, India no longer low-cost IT offshoring destination: Rishad Premji, Paytm, PhonePe, Google Pay divided on UPI market share cap; government wont intervene, Infosys gives out 60% variable pay for select BPM staff, Byjus in early talks with TPG to secure $300 million funding, Fusion Micro Finance IPO Subscription Status, Edward Thorp: how the godfather of billionaire investors aced Wall Street with lessons from casinos. Exponent Energy, earlier this month, partnered with Altigreen to make rapid charging a reality for eCVs on Indian roads and unveiled the worlds fastest charging electric 3-wheeler that rapidly charges from 0-100 per cent within 15 minutes, the statement added. Exponent Energy Receives $13 Million Funding in Series A Round, Energy Giant to Establish 10,000 EV Charging Points Across India by 2030, Advanced Automotives Demonstrated at 15th EV Expo 2022 by SEAPL, BEL to Supply Battery Packs to Triton EV Trucks, South Koreas Automotive Firm to Launch 2 EV Platforms in 2025, This EV Giant Records Highest EV Sales in October 2022, EV Start-Up Launches Innovative Reverse Trike EV in Karnataka, Gogoro Forms Strategic Partnership with Zypp Electric, Indian Army Teams up with this Discom to Establish Charging Points, OSM Introduces E-3W MOV to Boost Mobile Kitchen Space, EV Firm Receives $2.5 Mn for Electric Mobility Business. The company manufactures an energy stack that ensures minimum impedance build-up resulting in a seamless flow of energy, enabling customers battery management system, battery pack, and charger which work together. Exponent Energy was established in 2020 by Arun Vinayak and Sanjay Byalal Jagannath in Bangalore, Karnataka. Houston, Texas. ETtech. New Delhi: Exponent Energy, a startup simplifying energy for EVs, has raised USD 13 million in a Series A funding round led by Lightspeed, along with all the existing The newage EV energy provider, Exponent Energy, has announced that it has raised $13 million in a Series A funding round led by Lightspeed, with all existing institutional investors, including YourNest VC, 3one4 Capital & AdvantEdge VC. Exponential is a fully-integrated venture capital firm that provides access to venture funding, advisory, and stock exchange listing and trading So far Exponent Energy has received $6 million in seed and pre-series A funding from the family office of Hero Motocorp Chairman Pawan Munjal, Motherson Group, YourNest We believe we have a great partner in them as we simplify energy for EVs for an all-electric future. Please review and accept these changes below to continue using the website.You can see our privacy policy & our cookie policy. Amazon and Flipkart are making returning products harder. PLAN, Yearly Its no longer TCS vs. Infy vs. Wipro vs. Accenture. BSES Rajdhani Power, the electricity distribution company in Delhi, has invited proposals to empanel vendors for deploying EV charging infrastructure across various sites in Delhi. We have various options to advertise with us including Events, Advertorials, Banners, Mailers, Webinars etc. 15 The amount raised will be utilized to scale up the e^pump network to 100 location points per city, starting with Bengaluru; streamline e^pack production, and deliver more Exponent-enabled EVs. battery management system, battery pack, and charger that all function in concert. Exponent Energy focuses on developing fast charging technology for electric vehicles. Exponent Energy's energy stack can speed up and simplify energy and charging for their client's electric vehicles which ensures the least amount of impedance buildup and results in a continuous flow of energy.
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