EV charging infrastructure startup Exponent Energy raised an undisclosed amount from Pawan Munjal

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Electric vehicle (EV) charging infrastructure startup Exponent Energy raised an undisclosed amount from the family office of Hero Motocorp Chairman Pawan Munjal.

Exponent’s product portfolio includes EV battery packs and charging stations. Its primary goal is to create scalable and affordable fast charging options for EVs. In its first phase of growth, the startup plans to install 100 EV charging stations throughout Bengaluru. Exponent will also use the funds to expand its EV battery pack production capabilities and expand into new cities. Exponent also announced a collaboration with Altigreen Propulsion Labs, an EV manufacturer, to develop an electric three-wheeler that can be fully charged in 15 minutes.

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EV charging infrastructure startup Exponent Energy raised an undisclosed amount from Pawan Munjal

Electric vehicle (EV) charging infrastructure startup Exponent Energy raised an undisclosed amount from the family office of Hero Motocorp Chairman Pawan Munjal.

Exponent’s product portfolio includes EV battery packs and charging stations. Its primary goal is to create scalable and affordable fast charging options for EVs. In its first phase of growth, the startup plans to install 100 EV charging stations throughout Bengaluru. Exponent will also use the funds to expand its EV battery pack production capabilities and expand into new cities. Exponent also announced a collaboration with Altigreen Propulsion Labs, an EV manufacturer, to develop an electric three-wheeler that can be fully charged in 15 minutes.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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