Bengaluru-based Exponent Energy Pvt. Ltd, which focuses on focused on fast charging for electric vehicles, claims to have achieved rapid charging of EVs in 15 mins.
Although a good start, the initial catch seems to be that the battery pack only charges in 15 minutes when charged on Exponent’s charging infrastructure. If charged at any standard charging station, 60 minutes is the time.
But with its focus on charging and with funding now available (it has raised around Rs 102 crore in a Series A round led by Lightspeed Venture Partners. The existing backers YourNest VC, 3one4 Capital and AdvantEdge VC also participated in the round), the bottleneck may soon be passe.
Beginning
After spending 7 years helping build Ather Energy as its Founding Partner & Chief Product Officer, Arun Vinayak decided to startup once again. The root cause of his decision was the desire to build something that would allow every type of vehicle to go electric today.
He hit up former colleague & HUL supply chain manager, Sanjay Byalal and over copious cups of coffee, an idea began brewing with the vision of simplifying energy for EVs. Its audacity automatically pulled in a team of trusted engineers and Exponent was born.
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