Exponent Energy: The Future of Rapid Charging for EVs

Exponent Energy: The Future of Rapid Charging for EVs – Electric vehicles (EVs) are becoming more popular and affordable, thanks to the advances in battery technology and the growing awareness of environmental issues. However, one of the main challenges that EV users face is the long charging time and the limited availability of charging stations. Imagine if you could charge your EV in just 15 minutes, anywhere and anytime, without compromising the battery life or performance. That is the vision of Exponent Energy, a startup that is simplifying energy for EVs by building a flexible energy stack.

Exponent Energy

Details of the startup:

  • CITY : Bengaluru
  • STATE : Karnataka
  • STARTED IN : 2020
  • FOUNDERS : Arun Vinayak Srinivasan and Sanjay Byalal Jagannath
  • NUMBER OF INVESTORS : 24
  • LATEST ROUND INVESTMENT : ₹1040.00M
  • TOTAL INVESTMENT : ₹1608.98M
  •   TOTAL SECURED LOANS AVAILED : ₹69.65M

You can find their website here

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What is Exponent Energy?

Exponent Energy is a full-stack energy company that builds chargers, batteries, and everything in between to unlock 15-minute rapid charging for EVs. The company was founded in 2020 by Arun Vinayak, the former Chief Product Officer of Ather Energy, and Sanjay Byalal, the former supply chain manager of HUL. The founders wanted to solve the underlying energy problem for EVs and make them accessible and convenient for everyone.

The company’s first product is the e^pack, a battery pack that can be fully charged in 15 minutes with the e^pump, a charging system that uses off-board thermal management to cool the battery while charging. The e^pack is cell agnostic, meaning it can use any type of lithium-ion cell, such as the affordable LFP cells, and is powered by the company’s proprietary BMS (battery management system) that has 10x voltage sensing accuracy. The e^pack is compatible with any EV and can be easily swapped or replaced.

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How does Exponent Energy work?

The key innovation of Exponent Energy is the off-board thermal management system that enables 15-minute rapid charging without damaging the battery or the vehicle. Rapid charging generates 256x more heat than slow charging, which can cause thermal runaway, degradation, and fire hazards. Conventionally, extracting this heat requires bulky and expensive cooling systems on the vehicle, which add weight and cost to the EV.

Exponent Energy solves this problem by offloading the cooling system to the e^pump, which cools the e^pack by pumping refrigerated water through the e^plug, a proprietary connector that can handle 600A of current. This way, the e^pack can be charged at a high power without overheating, and the EV can be lighter and cheaper. The e^pump also has the highest energy throughput in the lowest space, which eliminates the need for large and slow charging hubs.

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What are the benefits of Exponent Energy?

Exponent Energy offers several benefits for EV users, manufacturers, and operators, such as:

  • Faster and more convenient charging: The e^pack can be fully charged in 15 minutes at an e^pump, or in 1 hour on any DC network. This reduces the range anxiety and the waiting time for EV users, and increases the utilization and availability of charging stations.
  • Longer and more reliable battery life: The e^pack has a 3000 cycle warranty, which means it can last for 10 years with daily charging. The e^pack also maintains its performance and capacity over time, unlike conventional batteries that degrade with rapid charging.
  • Lower and more flexible cost: The e^pack uses regular lithium-ion cells, such as the LFP cells, which are cheaper and safer than other types of cells. The e^pack also allows EV users to choose the size and capacity of their battery, and pay only for what they use. The e^pack can be rented, leased, or owned, depending on the user’s preference and budget.
  • Greater and more scalable compatibility: The e^pack can be integrated with any EV, regardless of the make, model, or type. The e^pack can also be easily swapped or replaced, which enables battery-as-a-service models and reduces the downtime and maintenance costs for EV operators.

What are the achievements and plans of Exponent Energy?

Exponent Energy has achieved several milestones and partnerships since its inception, such as:

  • Deploying over 200 batteries and powering over 1 million kms on the road
  • Raising $18 million in funding from investors such as Sequoia Capital, Nexus Venture Partners, and Blume Ventures
  • Partnering with Altigreen Propulsion Labs, Fyn Mobility, and Magenta to revolutionize last-mile logistics and mobility in India
  • Launching the world’s fastest charging 3-wheeler, the Altigreen neEV Tez, which can carry up to 500 kg of load and travel up to 120 km on a single charge
  • Successfully completing 3000 cycle testing in collaboration with TUV India, an independent testing lab

The company plans to expand its product portfolio and market presence in the coming years, by:

  • Developing new products such as the e^hub, a modular and portable charging station that can be deployed anywhere
  • Entering new segments such as 2-wheelers, 4-wheelers, and buses
  • Exploring new markets such as Southeast Asia, Europe, and the US
  • Building a network of e^pumps across India and beyond
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How to learn more about Exponent Energy?

If you are interested in learning more about Exponent Energy, you can visit their website or follow them on social media such as LinkedIn and Youtube. You can also contact them at hello@exponent.energy or  +91 88675 26699. If you are an EV user, manufacturer, or operator, and want to experience the benefits of Exponent Energy, you can sign up for a demo or a trial on their website. If you are passionate about building the future of energy, you can also join their team and apply for open positions on their careers page.

I hope this information helps you understand Exponent Energy and its vision of simplifying energy for EVs. If you have any questions or feedback, please let me know. I’m always happy to help. 😊

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