EV startup Exponent Energy raised $13 million funds led by top VC firm Lightspeed
It has developed the epump and epack, its proprietary charger and battery pack, that together unlock a 15-min rapid charge for 0 to 100 per cent battery charge
It said the funds will be used to scale up its EV network to 100 location points per city
All its existing institutional investors participated in the latest funding round
Earlier this month, Exponent Energy partnered Altigreen Propulsion Labs to make rapid charging a reality for eCVs on Indian roads
They unveiled the world’s fastest charging electric three-wheeler and EV HD’ that charges from 0-100 per cent within 15 minutes
The list of investors include the family office Dr Pawan Munjal, Chairman and CEO, Hero MotoCorp, Motherson Group, and others
Exponent Energy previously raised $6 million from reputed investors