Exponent Energy Closes Series A With $13 Million

We are thrilled to share that Exponent Energy closed $13 million in its Series A with Lightspeed, 3one4 Capital, YourNest VC and AdvantEdge VC.

Exponent’s programmable energy stack combines battery technology with a seamless charging experience that promises to let you “recharge like you refuel”. The full-stack design solution is cell and chemistry agnostic, can support any capacity, and also comes with a 3000+ cycle battery pack warranty. The Exponent Energy Pump pairs with this module and onboard circuitry to charge batteries in under 15 minutes, creating a magical experience without disrupting TCO requirements.

Exponent Energy plans to channel the funds from its Series A to -

• scale their e^pump network to 100 location points per city, starting with Bengaluru;
• streamline e^pack production, and
• empower more Exponent enabled EVs.

Exponent Energy has also recently partnered with Altigreen Propulsion Labs to deliver the world’s fastest charging 3W with 15 min rapid charging! Dr. Amitabh Saran (CEO, Altigreen) and Arun Vinayak (Co-founder, Exponent Energy) talk about the partnership and all things EV in the following video.

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The aim of the partnership is to accelerate EV adoption in the country, ensure higher uptime, provide rapid charge capabilities, and reduce the cost of EV adoption in commercial vehicles.

Founders Arun Vinayak and Sanjay Byalal value rolling up their sleeves and building outstanding products above all else. When we first met them, we were deeply impressed by their understanding of the needs, the friction in the status quo, and their clear articulation of the future. Their plan was measured in months, not quarters or years and the pace of execution made this a compelling opportunity to change the narrative of mainstream mobility and transportation.

As India’s first VC PRI signatory, 3one4 continues to nurture its commitment to ESG-aligned tech businesses like Exponent Energy. We are excited to partner with the company and help accelerate the adoption of electric mobility