NEW DELHI: (Jun 10) Exponent Energy, a Bengaluru-based firm building rapid-charging infrastructure for commercial electric vehicles, on Wednesday said it has raised Rs 200 crore (USD 21.1 million) in a fresh funding round co-led by 360 ONE Asset and TDK Ventures.
The fresh capital will be utilised to accelerate exponent’s expansion into new cities and new vehicle categories and deepen investment in R&D, Exponent Energy said.
With this raise, the six-year-old company has now raised USD 65.7 million in total since inception.
Source: PTI News
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