Argus Partners advises electric vehicle charging infrastructure startup, Exponent Energy on raising $26.4 million in a Series B round led by Eight Roads Ventures
We are pleased to share that Argus Partners has advised electric vehicle charging infrastructure startup, Exponent Energy (Exponent Energy Private Limited) on raising $26.4 million in a Series B round led by Eight Roads Ventures.
Exponent Energy intends to use the funding to scale its presence to five new cities and, expand its offering in the electric three-wheeler space and enter the intercity e-bus segment in 2024. The company further aims to deploy 1,000 e-pumps, its charging stations and have 25,000 electric vehicles powered by Exponent Energy by 2025.
As per, Arun Vinayak, co-founder and CEO, Exponent Energy, “With this round, we’re set to scale operations from battery manufacturing to on-ground network presence across categories & cities, and simplify the broken energy ecosystem at scale,”
The Argus Team consisted of Ankit Guha (Partner), Tushar Thimmiah (Principal Associate), Shubhangi Gupta (Senior Associate) and Keshav Seth (Associate).
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