exponent

“Revolutionizing Three-Wheeler Transportation: Exponent Energy’s Rapid 15-Minute Charging for India”

Exponent Energy 15 Minute Charging Three Wheeler
Currently, Exponent Energy has 60 charging stations in six cities: Delhi-NCR, Bengaluru, Chennai, Ahmedabad, Kolkata and Hyderabad. Vinayak told TechCrunch that Exponent Energy’s charging stations offer 10x efficiency by charging 20 to 30 vehicles daily, whereas other EV charging stations typically charge two vehicles. Similarly, setting up an Exponent charging station costs nearly $6,000 (500,000 Indian rupees), while a CNG station demands hundreds and thousands of dollars. This has restricted the availability of CNG to around 60 stations in Bengaluru, while Exponent Energy already has 40 charging stations in the city, the executive said. It is also looking to deploy its charging tech on electric buses in India later this year.

“Venture Fund Exponent Founders Capital Secures $75M to Fuel Growth for Startups, Led by Plaid and Robinhood Alumni”

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Exponent Founders Capital, an early-stage venture firm founded by alumni of startups such as Plaid, Robinhood and Ramp, has closed on $75 million in capital commitments, TechCrunch is the first to report. The firm, which is emerging from stealth today, raised $50 million for its first fund in November of 2021. Managing Partners Charley Ma and Mahdi Raza co-founded Exponent after meeting while Ma was leading fintech growth at Plaid, and Raza was leading growth and payments at Robinhood. Exponent, which focuses on enterprise SaaS, fintech, infrastructure and GTM (go to market) software companies, invested in about 40 startups out of its first fund. He worked in growth and payments at Robinhood before joining Stytch to lead early growth there.