Exponent Energy Secures ₹200 Crore for EV Expansion

Bengaluru-based Exponent Energy has secured ₹200 crore in a fresh funding round co-led by 360 ONE Asset and TDK Ventures, providing a significant boost to the company’s expansion plans in India’s rapidly growing electric mobility sector.

The company plans to utilize the newly raised capital to accelerate its presence across additional cities and vehicle segments, while also increasing investments in research and development to further enhance its technology platform and charging solutions.

Founded six years ago, Exponent Energy has emerged as a key player in the electric vehicle ecosystem, focusing on innovative energy and charging technologies aimed at improving the efficiency and adoption of electric mobility. With the latest round, the company’s cumulative funding since inception has reached approximately $65.7 million.

According to the company, the investment will support the next phase of growth by enabling faster market expansion, strengthening technological capabilities, and scaling operations to meet increasing demand for EV infrastructure and energy solutions. The funding is also expected to help Exponent Energy deepen its role in advancing sustainable transportation and supporting India’s transition towards cleaner mobility.

News by Rahul Yelligetti.