Exponent Energy showcases 1MW rapid charging technology, plans 1.5MW launch

Exponent Energy announced its advancements in rapid charging following BYD’s unveiling of its 1MW charging technology for electric vehicles in China. In a recent tweet, the company showcased its 1MW rapid charging technology for buses and stated that it will introduce a 1.5MW rapid charging technology for EVs later this year.

In August 2024, Exponent Energy partnered with Veera Vahana, a bus manufacturer, to launch the Veera Mahasamrat EV, an intercity electric bus with rapid charging capabilities. To support this, the company deployed a 1MW rapid charging technology for electric buses in India.

Commenting on the development, Arun Vinayak, CEO and Co-founder of Exponent Energy, tweeted, “As a nation we need to have self-belief that we can build and own all layers of EV tech. We’ve historically been followers in ICE. We can’t repeat that with EVs. There was a lot of excitement on the BYD 1MW charging. But we’ve already got 1MW charging right here. We’re actually doing this on standard off the shelf cells which makes it 10X accessible. BYD has fantastic cell material science capability. Allowing them to do 10C. Stuff we need to catch up on in India. Optimistic that we will have an Indian cell partner soon.”

Founded in 2020 by Arun Vinayak and Sanjay Balyal, both former executives at Ather Energy, Exponent Energy has developed a battery pack (e^pack), charging station (e^pump), and charging connector (e^plug). These components enable a 15-minute rapid charge and a 3,000-cycle life warranty for EVs, using standard Li-ion cells.

Exponent Energy states that over 1,700 EVs in India use its technology, with more than 3.5 lakh rapid charging sessions completed, covering 20 lakh kilometers. The company has expanded operations to five cities: Delhi NCR, Chennai, Ahmedabad, Kolkata, and Hyderabad.

The company has raised $44.6 million across Pre-Series A, Series A, and Series B funding rounds from investors including Lightspeed, Eight Roads Ventures, YourNest VC, 3one4 Capital, AdvantEdge VC, and the family office of Dr. Pawan Munjal, Chairman & CEO of Hero MotoCorp.

Also read: Veera Vahana and Exponent Energy launch fast charging intercity bus: Veera Mahasamrat EV