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Exponent Energy, a technology startup dedicated to simplifying energy for EVs, has secured $5 million in a Pre-Series A round of funding from auto components supplier Motherson Group and existing investors.
YourNest VC led the fresh round of funding while 3one4 Capital & AdvantEdge VC doubled down on their earlier investment.
Arun Vinayak, co-founder and CEO of said, “Motherson coming on board adds immense value to scale with respect to OEM relationships and manufacturing partnerships. Given the demand witnessed for our rapid charging technology in the logistics space, we prioritised closing the Pre-Series A to enter the market by early 2022.”
Exponent Energy
