binarypublish- TDK Ventures has invested in the Indian battery technology company Exponent Energy, which is developing a fast-charging system for electric vehicles (EVs).
- Exponent Energy’s proprietary energy stack system, including a battery pack, charging station, and connector, can fully charge an EV in 15 minutes.
- The Indian startup has already achieved a market fit in the last nine months, with over 500 Exponent-powered EVs traveling more than 3 million kilometers and completing over 60,000 quick charging sessions.
TDK Corporation recently announced that its subsidiary, TDK Ventures, has invested in Exponent Energy. The start-up is innovating in battery and charging system technology with a goal of transforming EV battery technology specifically for the Indian last-mile logistics market.
The founders of Exponent Energy, Arun Vinayak and Sanjay Byalal Jagannath, have previously worked on building the 2W EV OEM Ather, another prominent EV startup in India. Now, they are focusing on addressing the Indian battery market’s need for cost-efficient solutions for last-mile logistics.
Exponent Energy’s unique energy stack comprises of a battery pack, a charging station, and a charging connector. When used together, this system enables a 0%-100% rapid charge in just 15 minutes for EVs. Additionally, it ensures a 3000-cycle lifetime warranty while using regular LFP cells. The firm’s technology partners with Original Equipment Manufacturers (OEMs) to incorporate its e^pack to create a rapid charging variant. It also sets up a network of e^pumps for users in logistics to efficiently charge their Exponent-powered EVs.
Through its innovation, Exponent Energy aims to make energy transformation technologies more accessible, supporting the larger goal of decarbonization. TDK Ventures has partnered with the company sharing this vision, with the intent of scaling Exponent’s solution and accelerating its development.
“Arun and his talented team have created a 15-minute rapid charging solution utilizing standard LFP cells that is both economical and scalable”, noted Nicolas Sauvage, TDK Ventures President. He added that this breakthrough will allow EVs to adopt more compact battery packs that can be rapidly charged within concentrated public charging infrastructures, thereby eliminating range anxiety.
