Exponent Energy, an Indian electric vehicle (EV) charging and battery technology startup, has raised Rs 200 crore in a fresh funding round led by 360 ONE Asset, with participation from TDK Ventures, according to a report by The Economic Times titled “Exponent Energy secures Rs 200 crore funding from 360 ONE Asset, TDK Ventures.”
The Bengaluru-based company, which focuses on rapid-charging solutions for electric mobility, is aiming to use the capital to scale its proprietary energy stack and expand its presence across key urban markets. The funding marks a significant step in Exponent Energy’s efforts to address one of the most persistent barriers to EV adoption in India: long charging times and limited charging infrastructure (see IEA Global EV Outlook).
Founded in 2020, Exponent Energy has developed a vertically integrated system that combines battery packs, charging stations, and software designed to enable 15-minute rapid charging without degrading battery life. The company’s approach seeks to challenge conventional trade-offs between charging speed, battery longevity, and cost—factors that have slowed wider EV penetration, particularly in commercial segments such as three-wheelers and fleet vehicles.
The new investment comes amid growing investor interest in India’s EV ecosystem, driven by supportive government policies (such as FAME India Scheme), rising fuel costs, and increasing pressure to decarbonize urban transport. By targeting commercial vehicle operators, Exponent Energy is positioning itself within a segment where high vehicle utilization makes fast charging not just convenient but economically critical.
The participation of 360 ONE Asset, an investment platform backed by 360 ONE Group, underscores the increasing role of domestic institutional capital in climate and mobility technologies. Meanwhile, TDK Ventures, the venture capital arm of Japan-based electronics company TDK Corporation, brings strategic alignment with energy storage advancements and global supply chain expertise.
Exponent Energy has already begun deploying its charging network in select cities, working with original equipment manufacturers and fleet operators. The company plans to use the fresh capital to deepen these partnerships, enhance product development, and accelerate deployments of its charging infrastructure.
Industry analysts note that while India’s EV market remains in an early growth phase (see NITI Aayog energy storage report), the next wave of expansion will depend heavily on improvements in charging speed and reliability. Companies like Exponent Energy are betting that integrated solutions, rather than fragmented infrastructure, will define the future of the sector.
As competition intensifies among EV technology providers, the ability to demonstrate consistent performance at scale will likely determine long-term viability. With this latest funding round, Exponent Energy is seeking to strengthen its position in a market that is rapidly transitioning from experimentation to execution.
