Heres why, E-governance done right: Lessons from how TCS aced Passport Seva. To read full story, subscribe to ET Prime, Billed annually at 2022 by Mercom Capital Group, LLC. 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. Sebi pushes back on model portfolios. Existing investors YourNest VC, 3one4 Capital and AdvantEdge VC also participated in the round. 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. Exponent Energy has raised $13 million in Series A funding, soon after it launched the world's fastest-charging electric three-wheeler PLAN, Access the exclusive Economic Times stories, Editorial and Expert opinion, Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors, Stock analysis. 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. Exponential is a fully-integrated venture capital firm that provides access to venture funding, advisory, and stock exchange listing and trading Market Research. 2499 1749, Monthly The funding round led by Lightspeed Venture Partners saw Electric vehicles charging startup Exponent Energy has raised USD 13 million (over Rs 100 crore) in a Series A funding round led by investment firm Lightspeed. It witnessed highest wholesale dispatches for inventory building in anticipation of a good festive demand, after two years of the pandemic disruption. Zero to full charge. Bill Siderewicz, This funding now allows us to execute even faster and make 15-min rapid charging the new normal.. 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. Founded in 2020 by former Ather Energy executives Arun Vinayak and Sanjay Byalal, the startup claims that it has built a battery pack and charging station called the E-pack and E-pump, that together can unlock 15-minute rapid charging for EVs. 15 Min. The round was led by YourNest VC, with participation from 2-Year 08/12/2021. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. 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. Exponents e^pack on the Altigreen neEV HD is uniquely built using regular LFP cell chemistry, making this the first rapid charging solution thats affordable and scalable. Exponent Energy focuses on developing fast charging technology for electric vehicles. Days Trial 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. 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 Partnerships Product Tech Blueprint Careers About. On a sequential basis, vehicle dispatches for PVs, 2Ws were less in October when compared to September. Customer deliveries of Exponent Enabled NeEV HD will begin from October 2022. WebManufacture of Electrical vehicles batteries intended to provide Flexible Energy Stack. Please review and accept these changes below to continue using the website.You can see our privacy policy & our cookie policy. Copyright 2022 Bennett, Coleman & Co. Ltd. All rights reserved. Commercial vehicle and tractor segment are on the positive trajectory. When was the last funding round for Exponent Energy? Get ETAuto's top stories every morning in your email inbox. Exponent Energy is funded by 6 investors. Earlier this month, Exponent Energy partnered with Altigreen to make rapid charging a reality for eCVs on Indian roads. Exponent Energy was established in 2020 by Arun Vinayak and Sanjay Byalal Jagannath in Bangalore, Karnataka. Arjun Joshi, Staff reporter at Mercom India Vinayak said the funding would allow the company to execute faster and make 15-minute fast charging the new normal. 225000+ Industry Leaders read it everyday. Private asset manager Taaleri announces its sixth renewable energy fund, the Taaleri SolarWind III Fund. Power Funding offers high advances, same-day funding, free credit checks, no start up fees, fuel advances and invoice factoring for companies across the nation. Save my name, email, and website in this browser for the next time I comment. The companys main manufacturing plant in Kancheepuram, Tamil Nadu, manufactures 400,000 chips every day and these have already been released into the market. Motherson coming on board adds immense value to scale with respect to OEM relationships and manufacturing partnerships. 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. 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. Electric vehicle (EV) charging startup Exponent Energy has secured $5 million in its pre-series A round of funding. 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 We have various options to advertise with us including Events, Advertorials, Banners, Mailers, Webinars etc. Existing investors YourNest VC, 3one4 Capital and AdvantEdge VC also participated in the round, the company said in a statement. Exponent Energy has raised $17.8M. Previously Exponent Energy has raised $6mn in Seed and Pre-Series A round from prominent investors such as the family office of Pawan Munjal, Chairman, and CEO, Hero MotoCorp (Worlds largest two-wheeler manufacturer), Motherson Group, a leading global supplier of automotive components along with YourNest VC, 3one4 Capital, AdvantEdge VC and a few angel investors. 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 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. Seed, Series A, Private Equity), General contact email for the organization, Edit Lists Featuring This Company Section, Exponent Energy unlocks a zero to 100 per cent 15-min rapid charge for electric vehicles, Exponent Energy lands $13Mn in Series A to scale its fast-charging battery tech for EVs, Indias Exponent Energy may have found the secret to 15 min rapid EV charging TechCrunch, Industrial Manufacturing Companies With More Than 50 Employees, Asia-Pacific (APAC) Early Stage Companies With More Than 50 Employees, Electronics Early Stage Companies With Fewer Than 100 Employees, Energy Companies With Fewer Than 100 Employees (Top 10K). Bengaluru: Exponent Energy, a startup developing fast-charging battery and charger technology for electric vehicles, has raised $5 million in funding led by YourNest VC, Mercom India Renewables Summit 2023 New Delhi, EV Charging Startup Exponent Energy Raises $5 Million in Pre-Series A Round. What next for Smallcase? 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. Cash For Invoices 281-360 Interestingly, this is also Lightspeed Indias first investment in the domestic EV space. SUBSCRIBE TO EXPONENT UPDATES. 2499 1749, Monthly LORDSTOWN The developer of Trumbull Energy Center has secured financing to construct the $1.2 billion natural gas-fired power plant in Lordstown. 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. exponent enabled rapid charging. 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 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. Electric vehicle (EV) charging startup Exponent Energy has secured $5 million in its pre-series A round of funding. 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. Shares of TPZ opened at $13.17 on Thursday. 15 PLAN. 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. Exponent Energy, an electric vehicle (EV) charging infrastructure startup has raised $13 million in a Series A funding round. 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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 Before we implemented ExponentHR, it took three HR/benefits/payroll administrators to service 134 employees. 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. 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. The company is also looking to hire people across its product, engineering, and deployment teams. 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. What next for Smallcase? Reviving the Tata Neu super-app is a super-sized challenge for the group. Our technology already delivers a seamless charging experience, and with our vehicle partnership in place, well scale-up our production and network presence to 100 e^pump location points per city to deliver freedom & flexibility to our customers. Industry Trends on 4000+ Stocks, Exponent Energy raises $5 million in funding led by YourNest VC. This is Lightspeeds first investment in the EV space. We believe we have a great partner in them as we simplify energy for EVs for an all-electric future. We are confident that the technology is a real breakthrough, allowing EVs to become ubiquitous., Arun Vinayak, Co-founder and CEO of Exponent Energy, while commenting on the funding round, said "We've really enjoyed thinking aloud with the Lightspeed team in all conversations leading up to the investment. View contacts for Exponent Energy to access new leads and connect with decision-makers. Concern still remains in two wheelers, especially in entry level category. The U.S. Department of Energy (DOE) Solar Energy Technologies Office (SETO) Renewables Advancing Community Energy Resilience (RACER) is a $33 million funding program The Startuplab is all in one destination for all your startup needs. LORDSTOWN The developer of Trumbull Energy Center has secured financing to construct the $1.2 billion natural gas-fired power plant in Lordstown. This team, with their drive and innovation, has made rapid EV battery charging possible in just 15 minutes. With this fund, the startup plans to scale up its e^pump network to 100 location points per city starting with Bengaluru, streamline e^pack production and deliver more Exponent-enabled EVs. Exponent Energy, a technology startup simplifying energy for EVs, has raised $5 million in a pre-Series A round of funding. The companies with the smart charging technology have attracted investments from oil & gas and utility majors, including bp, Gulf Oil International, and Iberdrola. Operating Status of Organization e.g same quick charge to All EVs to continue using the website.You can see our exponent energy funding. People across its product, engineering, and deployment teams in them as we simplify Energy for EVs has... 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