Exponent Energy

Exponent Energy is an electric vehicle energy technology company that develops a full-stack rapid charging solution comprising proprietary battery packs, charging stations, and high-current connectors engineered to work together for 15-minute full charges. The company's energy stack enables regular lithium iron phosphate (LFP) cells to charge from empty to full in approximately 15 minutes while maintaining a 3000-cycle warranty, representing 20x faster charging and 3x longer battery life compared to conventional CC-CV (constant current-constant voltage) charging methods that extract only 300-400 cycles with rapid charging. The technology is cell-agnostic, making it compatible with new cell chemistries for future improvements, and is the only affordable and scalable rapid charging technology in the world. Exponent's tech stack includes a battery management system, virtual cell model, dynamic charging algorithm, and offboard thermal management. The company operates 162+ charging stations across 4 cities with 2000+ vehicles on the road, having completed 315,000+ charging sessions and 9 million+ kilometers of driving. Exponent supports vehicles from autorickshaws to buses, offers CNG/LPG auto retrofitting to electric overnight, and provides 1.5MW charging capability for rapid bus charging. Founded in 2020 and headquartered in Bengaluru, India, Exponent Energy has raised $68.3M in Series B funding from investors including YourNest, 3one4 Capital, AdvantEdge, Wellfound, Sukalp Foundation, Pawan Munjal Family Trust, Angel List, Calabasas Capital, Sprout Invest, Transition VC, Motherson Lease Solution, Eight Roads Ventures, TDK Ventures, Lightspeed Venture Partners, Radix Business Services, and Lightspeed.