Exponent Energy, a business that provides rapid charging for electric vehicles (EVs), has raised $13 million in investment, led by Lightspeed Venture Partners, with participation from already established institutional investors including YourNest VC, 3one4 Capital, and AdvantEdge VC.
This is Lightspeed’s initial EV-related investment.
A system created by Exponent Energy claims to fully charge a car in 15 minutes, a significant reduction from the usual duration of at least three hours.
Exponent’s battery pack must be installed in EVs by EV manufacturers in order to assure quick charging, and consumers can charge their cars at Exponent’s charging stations. The business now runs 30 of these charging stations in Bengaluru.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
Download The App Now
Follow us on
2025, IIFL Capital Services Ltd. All Rights Reserved
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248, DP SEBI Reg. No. IN-DP-185-2016
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.
