TDK Ventures has invested in Exponent Energy to bolster the development of rapid charging EV technology, addressing affordability and accessibility challenges in India's electric vehicle market.

Information on the Target

Exponent Energy has established itself as a leader in the electric vehicle (EV) rapid charging sector, recognized for its innovative technology that enables vehicles to achieve a full charge in just 15 minutes. Based in Bangalore, India, the company capitalizes on local and demographic insights to develop solutions tailored for a rapidly evolving EV market. Exponent Energy provides an integrated system combining its proprietary e^pack battery packs, e^pump charging stations, and e^plug connectors to facilitate rapid charging for commercial and logistics-evolving vehicles.

With over 500 Exponent-powered EVs traveling more than 3 million kilometers and conducting over 60,000 rapid charging sessions in a short span, Exponent Energy's vision aims to make EV usage accessible and practical, particularly for last-mile transportation, a critical segment of urban logistics.

Industry Overview in India

The electric vehicle industry in India has experienced significant growth, driven by increasing environmental awareness and government policies favoring sustainable transport solutions. With the rise of global warming concerns, the need for a t