Exponent Energy raises USD 26 million Series B
Exponent Energy raised a USD 26 million Series B led by Eight Roads Ventures with a strategic investment from TDK Ventures.
Evidence notes
- Lightspeed India, YourNest, 3one4 Capital, AdvantEdge Founders and the family office of Pawan Munjal also participated.
- Exponent planned to expand into five additional cities and serve more commercial-vehicle categories.
- The round financed growth of an integrated stack spanning battery packs, battery management and rapid-charging stations.
Company context
Exponent Energy supplies integrated rapid-charging battery packs, management software and charging infrastructure for commercial EV fleets.