Exponential is a fully-integrated venture capital firm that provides access to venture funding, advisory, and stock exchange listing and trading This funding now allows us to execute even faster and make 15-min rapid charging the new normal, Vinayak further added. More articles from Arjun Joshi. As of March 2021, the country had only 1,800 charging stations. The Startup Lab. To read full story, subscribe to ET Prime, Billed annually at 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. WebManufacture of Electrical vehicles batteries intended to provide Flexible Energy Stack. 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Industry Trends on 4000+ Stocks, Exponent Energy raises $5 million in funding led by YourNest VC. 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 San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Copyright 2022 Bennett, Coleman & Co. Ltd. All rights reserved. Existing investors YourNest VC, 3one4 Capital and AdvantEdge VC also participated in the round. Earlier this month, Exponent Energy partnered with Altigreen to make rapid charging a reality for eCVs on Indian roads. 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. Electric vehicle (EV) charging startup Exponent Energy has secured $5 million in its pre-series A round of funding. How is EV Supply Chain in India Driving EV Adoption? Nov 3, 2022. 225000+ Industry Leaders read it everyday. Existing investors of the Bengaluru-based startup such as YourNest VC, 3one4 Capital and Dear user, ET Auto privacy and cookie policy has been updated to align with the new data regulations in European Union. 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. 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. Save my name, email, and website in this browser for the next time I comment. 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. Customer deliveries of Exponent Enabled NeEV HD will begin from October 2022. The Institute for Energy Laws 21st Annual Energy Litigation Conference will bring together some of ev fast charging exponent energy bangalore. SUBSCRIBE TO EXPONENT UPDATES. This is Lightspeed's first investment in the EV space. 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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. Exponent Energy has developed technology that it claims will fully charge a 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. Partnerships Product Tech Blueprint Careers About. The battery pack utilizes regular lithium-ion cells while still maintaining a cycle count of 3,000. PLAN, Yearly He holds a bachelors degree in Journalism, Psychology, and Optional English from Garden City University, Bangalore. 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. Its no longer TCS vs. Infy vs. Wipro vs. Accenture. Rapid EV Charging Indian Start-up Exponent Energy has recently raised $13 Million in a Series A funding round led by Lightspeed The round was led by YourNest VC, with participation from Located in Heysham, England, the project is claimed to be one of the largest energy storage facilities in Europe and is also GSFs largest acquisition to date. 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 Going forward, demand for PVs is expected to remain robust especially in the SUV category. All Rights Reserved. Copyright 2022 ETAuto.com. Reviving the Tata Neu super-app is a super-sized challenge for the group. Exponent simplifies energy which makes the whole of India go electric. What next for Smallcase? Exponent Energy raises Series A round of $13 million led by Lightspeed [Funding alert] Ex-Ather Energy led Exponent Energy raises $5M in pre-Series A round Technology Exponent Energy focuses on developing fast charging technology for electric vehicles. 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. Exponent Energy, led by Arun Vinayak and Sanjay Byalal, has built a battery pack and charging station called the e^pack and e^pump that it claims can together help achieve an EV battery to charge from 0 to 100 per cent in 15-minutes. For reprint rights: Syndications Today, Exponent Energy, 15-min EV charging startup, raises $13 mn in series A funding. Within the next few months, Polymatech aims to attain its full capacity of manufacturing 1 million chips daily (300 million a year), the company said. 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. 08/12/2021. Independent studies have projected the demand for public EV charging stations at 2.9 million by 2030. Heres why, E-governance done right: Lessons from how TCS aced Passport Seva. 15 Electric 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. 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. 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. The companys main manufacturing plant in Kancheepuram, Tamil Nadu, manufactures 400,000 chips every day and these have already been released into the market. 2-Year 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, CESL has also invited e-bids to empanel independent third-party validation and verification agency for its EV charging infrastructure project. Includes DocuBay and TimesPrime Membership. Private asset manager Taaleri announces its sixth renewable energy fund, the Taaleri SolarWind III Fund. Rapid EV Charging Indian Start-up Exponent Energy has recently raised $13 Million in a Series A funding round led by Lightspeed With ExponentHR, we were able to reduce our HR overhead by 66%. 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 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. Highest Ever Monthly Sales Recorded in October by Ather, Chinese EV Maker Opens First PV Showroom in Chennai, Battery Management System Firms in India Top Five, TX9s TPS Technology Gains Patent Approval for EV Battery Hazards, Taiwanese EV Firm Ready to Make its Debut in Indian Market, US EV Battery Firm Exhibits Solid-State Feasibility with Lithium Cells. LORDSTOWN The developer of Trumbull Energy Center has secured financing to construct the $1.2 billion natural gas-fired power plant in Lordstown. 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 Motherson coming on board adds immense value to scale with respect to OEM relationships and manufacturing partnerships. All beneficiaries have now signed the GA Declaration of Honour, stating that they are committed to participate in the project. This will alert our moderators to take action. 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. Nov 3, 2022. The Startuplab is all in one destination for all your startup needs. Copyright 2022 Bennett, Coleman & Co. Ltd. All rights reserved. The fund will be classified as dark green, i.e. Before joining Mercom, he worked as a technical writer for enterprise resource software companies based in India and abroad. 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. According to one research, Indias overall EV market opportunity by 2030 is expected to be approximately $206 billion. Exponent Energy closed its last funding The Era of Electric Vehicles - Are We Already Ther.. 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.
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