Exponent Energy has secured ₹200 crore (approximately US$21.1 million) in a fresh funding round co-led by 360 ONE Asset and TDK Ventures. The investment marks a significant milestone for the Bengaluru-based startup as it accelerates efforts to expand its rapid-charging ecosystem and strengthen its position in India’s fast-growing electric vehicle sector.
The funding round attracted participation from several leading investors, including Hitachi Ventures, Eight Roads, Lightspeed, 3one4 Capital, Advantedge Founders, and YourNest Venture Capital. The broad participation from existing and new investors highlights growing confidence in Exponent Energy’s technology platform and long-term growth prospects.
A key highlight of the round was the continued backing from YourNest Venture Capital, the company’s first institutional investor. Through its Continuum Fund, YourNest invested an additional US$4 million, reinforcing its commitment to supporting Exponent Energy’s expansion journey. Following the completion of this round, the company’s total funding has increased to US$65.7 million.
Founded with the objective of solving critical challenges in EV charging and battery performance, Exponent Energy has developed a comprehensive energy stack that integrates battery technology, charging infrastructure, and intelligent software systems. The company is known for its rapid-charging solutions designed to significantly reduce charging times while maintaining battery safety, reliability, and lifespan. Its technology has been deployed in collaboration with electric vehicle manufacturers and fleet operators, particularly in the commercial mobility segment.
According to the company, the newly raised capital will be used to drive expansion into new cities across India and support entry into additional vehicle categories. The funds will also be directed toward strengthening research and development activities, enabling the company to further enhance its charging technologies and energy management systems. In addition, Exponent Energy plans to expand its charging network to cater to the increasing demand for reliable EV infrastructure.
The funding comes amid strong momentum in India’s electric mobility market, where government incentives, sustainability goals, and rising EV adoption are creating substantial opportunities for technology-driven solutions. As the country continues to invest in clean transportation, Exponent Energy’s focus on fast-charging innovation and scalable infrastructure positions it to play a crucial role in supporting the next phase of EV growth.
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