TDK Ventures invests in Exponent Energy for 15-minute EV fast charging
TDK Ventures has invested in Indian battery and charging system startup Exponent Energy for 15 minute fast charging.
Exponent Energy is re-engineering the complete energy stack from the battery pack to the charging station and connector for easier access to fast charging in the last mile logistics market in India. The TDK Ventures team hopes to scale Exponent’s solution and help accelerate their development.
Exponent’s proprietary energy stack consists of the e^pack battery pack, e^pump charging station and e^plug charging connector that provides a 0%-100% rapid charge in 15 minutes and a 3000-cycle lifetime warranty using regular LFP cells.
Exponent works with OEMs to integrate its e^pack to create a rapid charging variant and sets up a network of e^pumps for users operating in logistics to seamlessly charge their Exponent-powered EVs.
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In the last 9 months over 500 Exponent-powered EVs have covered over 3 million kilometers and completing 60,000+ rapid charging sessions.
“Mobility is about freedom and accessibility. To unlock EV adoption at scale, we need EVs to charge faster, last longer, and cost a whole lot less. Our mission to simplify the broken energy ecosystem and provide greater access to energy-transformative technologies struck a chord with TDK – making this a perfect partnership. We’re excited to work closely together to transform the EV industry,” said Exponent Energy CEO, Arun Vinayak.
Nicolas Sauvage, TDK Ventures President commented, “I was impressed by Arun and his talented team when I met them in their office in Bengaluru earlier this year. Exponent’s groundbreaking achievement in crafting an economical and scalable 15-minute rapid charging solution utilizing standard LFP cells is revolutionary, allowing electric vehicles to adopt a more compact battery pack that can swiftly charge within a concentrated public charging infrastructure, effectively removing range anxiety. We share the vision of expanding rapid charging accessibility at a reasonable cost, making electric mobility an option for everyone. This collaboration represents an exciting stride toward a more sustainable and electrified future.”
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