Funding Round Led by Eight Roads Ventures Marks Major Milestone for Energy-tech Startup
Energy-tech startup Exponent Energy has successfully raised $26.4 million in a series B funding round, with Eight Roads Ventures leading the investment along with a strategic contribution from TDK Ventures.
Expansion Plans Include Five New Cities and Diversification in Electric Mobility
The Bengaluru-based startup, founded three years ago, has accumulated a total funding of $44.4 million. The latest funds will be instrumental in extending its footprint to five additional cities by the fiscal year 2024.
Innovative Energy Stack and Ambitious Goals for Electric Vehicle Charging Infrastructure
Exponent Energy aims to enhance its presence in the electric three-wheeler (e3W) sector and venture into the intercity e-bus segment in 2024. The company’s proprietary energy stack enables a rapid 0-100% charge within 15 minutes for electric vehicles, coupled with a remarkable 3,000-cycle life warranty utilizing standard Li-ion cells.
In Summary:
Exponent Energy’s latest funding round, led by Eight Roads Ventures and TDK Ventures, positions the startup for extensive growth, enabling expansion into new cities and further innovation in the electric mobility space.
Source：punjabnewsexpress.com
