Save my name, email, and website in this browser for the next time I comment. Exponent Energy Receives $13 Million Funding in Series A Round, Energy Giant to Establish 10,000 EV Charging Points Across India by 2030, Advanced Automotives Demonstrated at 15th EV Expo 2022 by SEAPL, BEL to Supply Battery Packs to Triton EV Trucks, South Koreas Automotive Firm to Launch 2 EV Platforms in 2025, This EV Giant Records Highest EV Sales in October 2022, EV Start-Up Launches Innovative Reverse Trike EV in Karnataka, Gogoro Forms Strategic Partnership with Zypp Electric, Indian Army Teams up with this Discom to Establish Charging Points, OSM Introduces E-3W MOV to Boost Mobile Kitchen Space, EV Firm Receives $2.5 Mn for Electric Mobility Business. Earlier this month, Exponent Energy partnered with EV manufacturer Altigreen to enable fast charging of EV commercial vehicles. November 9, 2022. Days Trial Arjun Joshi is a staff reporter at Mercom India. 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Copyright 2022 Bennett, Coleman & Co. Ltd. All rights reserved. Industry Trends on 4000+ Stocks, Pro Investing by Aditya Birla Sun Life Mutual Fund. WebManufacture of Electrical vehicles batteries intended to provide Flexible Energy Stack. Existing investors YourNest VC, 3one4 Capital and AdvantEdge VC also participated in the round, the company said in a statement. Industry Trends on 4000+ Stocks, Exponent Energy raises $5 million in funding led by YourNest VC. 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 Rapid EV Charging Indian Start-up Exponent Energy has recently raised $13 Million in a Series A funding round led by Lightspeed, with all existing institutional investors such as YourNest VC, 3one4 Capital & AdvantEdge VC also participating. Exponential is a fully-integrated venture capital firm that provides access to venture funding, advisory, and stock exchange listing and trading Includes DocuBay and TimesPrime Membership. Heres why, E-governance done right: Lessons from how TCS aced Passport Seva. Heres why. ETtech. Speaking about the investment, Harsha Kumar, Partner, Lightspeed 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. This will alert our moderators to take action. SUBSCRIBE TO EXPONENT UPDATES. 2499 1749, Monthly They have launched an electric tricycle that can quickly charge from 0% to 100% in 15 minutes. Learn more about these programs and how they can help you -- whether you are a startup energy business It witnessed highest wholesale dispatches for inventory building in anticipation of a good festive demand, after two years of the pandemic disruption. 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. What next for Smallcase? Electric vehicle (EV) charging startup Exponent Energy has secured $5 million in its pre-series A round of funding. Days Trial. The round was led by YourNest VC, with participation from Follow @ETAuto for the latest news, insider access to events and more. Nov 3, 2022. exponent enabled rapid charging. 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. Existing investors of the Bengaluru-based startup such as YourNest VC, 3one4 Capital and TECO 2030 with partners have been invited for HORIZON EUROPE funding of EUR 5 million to realise the hydrogen powered tanker concept, HyEkoTank. Market Research. We have various options to advertise with us including Events, Advertorials, Banners, Mailers, Webinars etc. Surging coal prices amid high demand and a lack of Russian coal imports has pushed European traders toward private funds to Similarly, Exponents e^pumps also dont deliver the same quick charge to all EVs. The UK-based Gore Street Energy Storage Fund ( GSF) has finalised a deal to acquire a 200MW construction-ready energy storage project from Kona Energy for an undisclosed sum. PLAN, Access the exclusive Economic Times stories, Editorial and Expert opinion, Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors, Stock analysis. 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. The companies with the smart charging technology have attracted investments from oil & gas and utility majors, including bp, Gulf Oil International, and Iberdrola. 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. The lack of adequate EV charging infrastructure in public places is a significant hindrance to the growth of EVs in India. 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, 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. 2-Year 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. Exponent is a multi-disciplinary engineering and scientific consulting firm that brings together more than 90 different disciplines to solve engineering, science, regulatory, and business issues facing Heavy Industries Ministry announces new safety tests for electric vehicles1 day ago, Auto Wholesales in October 2022: YoY dispatches in green; sequential decline across PVs, 2Ws1 day ago. 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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, earlier this month, partnered with Altigreen to make rapid charging a reality for eCVs on Indian roads and unveiled the worlds fastest charging electric 3-wheeler that rapidly charges from 0-100 per cent within 15 minutes, the statement added. The amount raised will be utilized to scale up the e^pump network to 100 location points per city, starting with Bengaluru; streamline e^pack production, and deliver more Exponent-enabled EVs. However, the e^pack only from 0-100 per cent within 15 minutes when its being charged on Exponents charging infrastructure, and at a standard charging station it would take around 60 minutes. Includes DocuBay and TimesPrime Membership. Exponent Energy focuses on developing fast charging technology for electric vehicles. Rapid EV Charging Indian Start-up Exponent Energy has recently raised $13 Million in a Series A funding round led by Lightspeed Concern still remains in two wheelers, especially in entry level category. Copyright2022 Living Media India Limited. Tortoise Power and Energy Infrastructure Fund Trading Down 1.5 %. 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. Seed, Series A, Private Equity), General contact email for the organization, Edit Lists Featuring This Company Section, Exponent Energy unlocks a zero to 100 per cent 15-min rapid charge for electric vehicles, Exponent Energy lands $13Mn in Series A to scale its fast-charging battery tech for EVs, Indias Exponent Energy may have found the secret to 15 min rapid EV charging TechCrunch, Industrial Manufacturing Companies With More Than 50 Employees, Asia-Pacific (APAC) Early Stage Companies With More Than 50 Employees, Electronics Early Stage Companies With Fewer Than 100 Employees, Energy Companies With Fewer Than 100 Employees (Top 10K). September was the month of the beginning of the auspicious occasion of Navaratri on 26th, followed by Dussehra and culminating in Diwali on October 24. Active, Closed, Last funding round type (e.g. LORDSTOWN The developer of Trumbull Energy Center has secured financing to construct the $1.2 billion natural gas-fired power plant in Lordstown. 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 In crisis-management mode: Boards prepare for new battles amid economic, climate, and cyber risks. They unveiled the worlds fastest charging electric 3-wheeler that rapidly charges from 0-100% within 15 minutes. Exponent Energy, an electric vehicle charging start-up, said on Wednesday it has raised $13 million in a Series A funding round led by Lightspeed and attended by institutional investors YourNest VC, 3one4 Capital and AdvantEdge VC. Exponent Energy was established in 2020 by Arun Vinayak and Sanjay Byalal Jagannath in Bangalore, Karnataka. Power Funding offers high advances, same-day funding, free credit checks, no start up fees, fuel advances and invoice factoring for companies across the nation. In addition to this, the startup also provides a 3000-cycle life warranty, while using regular Li-ion cells to make fast charging affordable and scalable. The company will use the money to expand its charging network in Bengaluru and other cities and streamline 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 Copyright 2022 Bennett, Coleman & Co. Ltd. All rights reserved. PLAN. Get ETAuto's top stories every morning in your email inbox. Exponent Energy, a startup simplifying energy for EVs, recently announced that it has raised $13 Million in a Series A funding round led by Lightspeed, with all existing institutional investors such as YourNest VC, 3one4 Capital & Going forward, demand for PVs is expected to remain robust especially in the SUV category. Market Research. When was the last funding round for Exponent Energy? 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. Exponent Energy has developed technology that it claims will fully charge a What next for Smallcase? 08/12/2021. Sebi pushes back on model portfolios. How much funding has Exponent Energy raised to date? The round was led by YourNest VC, with participation from 3one4 Capital, AdvantEdge VC, and automotive component maker Motherson Group. For reprint rights: Syndications Today, Exponent Energy, 15-min EV charging startup, raises $13 mn in series A funding. Bill Siderewicz, 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 company manufactures an energy stack that ensures minimum impedance build-up resulting in a seamless flow of energy, enabling customers battery management system, battery pack, and charger which work together. From Compliance to funding and everything in between. 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. With ExponentHR, we were able to reduce our HR overhead by 66%. ev fast charging exponent energy bangalore. Exponent Energy, a technology startup simplifying energy for EVs, has raised $5 million in a pre-Series A round of funding. Sebi pushes back on model portfolios. According to the company, this is made possible by their proprietary battery management system and charging algorithms, layered on top of their unique E-pack design. PLAN. Exponent Energy is funded by 6 investors. Funding Rounds Number of Funding Rounds 3 Total Funding How is EV Supply Chain in India Driving EV Adoption? Exponents e^pack on the Altigreen neEV HD is uniquely built using regular LFP cell chemistry, making this the first rapid charging solution thats affordable and scalable. By Tsvetana Paraskova - Nov 02, 2022, 5:30 AM CDT. Exponent simplifies energy which makes the whole of India go electric. PLAN, Yearly Zero to full charge. 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. 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. 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. Private asset manager Taaleri announces its sixth renewable energy fund, the Taaleri SolarWind III Fund. Previously Exponent Energy has raised $6mn in Seed and Pre-Series A round from prominent investors such as the family office of Pawan Munjal, Chairman, and CEO, Hero MotoCorp (Worlds largest two-wheeler manufacturer), Motherson Group, a leading global supplier of automotive components along with YourNest VC, 3one4 Capital, AdvantEdge VC and a few angel investors. Exponent Energy has raised $13 million in Series A funding, soon after it launched the world's fastest-charging electric three-wheeler 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 Shares of TPZ opened at $13.17 on Thursday. Exponent Energy, a startup simplifying energy for EVs, recently announced that it has raised $13 Million in a Series A funding round led by Lightspeed, with all existing institutional investors such as YourNest VC, 3one4 Capital & AdvantEdge VC also participating. Tortoise Power and Energy Infrastructure Fund, Inc. has a 1-year Before joining Mercom, he worked as a technical writer for enterprise resource software companies based in India and abroad. Apart from Lightspeed, institutional investors such as YourNest VC, 3one4 Capital and AdvantEdge VC also participated in the funding, Exponent Energy revealed in a press release. This team, with their drive and innovation, has made rapid EV battery charging possible in just 15 minutes. Days Trial This specialty chemical company is a good short-term buy, Decarbonising India: how green farms and factories, electric cars, and land use can help reach goals, Choose your reason below and click on the Report button. Houston, Texas. The Institute for Energy Laws 21st Annual Energy Litigation Conference will bring together some of Days Trial. Twitter Blue tick will cost $8 a month, announces Elon Musk, Tech Mahindra's Gurnani supports moonlighting, says firm not a legacy one, Google puts on hold mandatory use of its billing system in India, Flipkart India revenue touches Rs 50,000 crore, losses widen 40% to Rs 3,404 crore in FY22, Experts raise concerns on disproportionate govt say on social media content, Fusion Micro Finance IPO Subscription Status, Edward Thorp: how the godfather of billionaire investors aced Wall Street with lessons from casinos. Before we implemented ExponentHR, it took three HR/benefits/payroll administrators to service 134 employees. Your Reason has been Reported to the admin. Electric vehicles charging startup Exponent Energy on Wednesday said it has raised USD 13 million (over Rs 100 crore) in a Series A funding round led by investment firm Lightspeed.. We are confident that the technology is a real breakthrough, allowing EVs to become ubiquitous.. Mercom India Renewables Summit 2023 New Delhi, EV Charging Startup Exponent Energy Raises $5 Million in Pre-Series A Round. The funding round led by Lightspeed Venture Partners saw Our technology already delivers a seamless charging experience, and with our vehicle partnership in place, well scale-up our production and network presence to 100 e^pump location points per city to deliver freedom and flexibility to our customers. Pushing boundaries for a cleaner, safer, and susta.. Earlier this month, Exponent Energy partnered with Altigreen to make rapid charging a reality for eCVs on Indian roads. Exponent Energy, an electric vehicle (EV) charging infrastructure startup has raised $13 million in a Series A funding round. Look who joined the war for Indias IT talent. All Rights Reserved. All Rights Reserved. ETtech (L-R) Arun Vinayak & Sanjay Byalal Jagannath, cofounders, Exponent Energy Electric vehicle (EV) fast-charging startup Exponent Energy said it has raised $13
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