EV charging infrastructure startup Exponent Energy raised $13 million in Series A led by Lightspeed

August 17, 2022

, By Team SNFYI

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Electric vehicle (EV) charging infrastructure startup Exponent Energy raised $13 million in Series A led by Lightspeed where existing institutional investors including YourNest VC, 3one4 Capital, and AdvantEdge VC also participated.

Exponent Energy’s goal is to make EV energy more accessible. The startup intends to use the new funds to expand the e-pump network to 100 locations per city, beginning with Bengaluru. Exponent Energy also wants to improve e-pack production and deliver more Exponent-enabled EVs. The startup claims that its e-pack and e-pump battery packs and charging stations can unlock a 0% to 100% rapid charge in 15 minutes for EVs with any number of wheels while also providing a 3,000 cycle life warranty, all while using standard lithium-ion (Li-ion) cells.

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EV charging infrastructure startup Exponent Energy raised $13 million in Series A led by Lightspeed

August 17, 2022

, By Team SNFYI

Electric vehicle (EV) charging infrastructure startup Exponent Energy raised $13 million in Series A led by Lightspeed where existing institutional investors including YourNest VC, 3one4 Capital, and AdvantEdge VC also participated.

Exponent Energy’s goal is to make EV energy more accessible. The startup intends to use the new funds to expand the e-pump network to 100 locations per city, beginning with Bengaluru. Exponent Energy also wants to improve e-pack production and deliver more Exponent-enabled EVs. The startup claims that its e-pack and e-pump battery packs and charging stations can unlock a 0% to 100% rapid charge in 15 minutes for EVs with any number of wheels while also providing a 3,000 cycle life warranty, all while using standard lithium-ion (Li-ion) cells.

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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Previous News

Customer data leak detected at the B2B logistics company Shipyaari

Next News

Rusk Media raised over $9.5 million in Series A led by DAOL Investment and Audacity Ventures

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