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Arun Vinayak, co-founder and CEO of Exponent Energy, has been at the forefront of revolutionizing India's electric vehicle (EV) industry. Starting his journey , he faced skepticism and doubts about the feasibility of EVs, Vinayak persevered and established as a quality leader in the EV market. However, he realized that the key to widespread adoption of EVs lay in solving the challenges of charging infrastructure. In 2020, Vinayak co-founded Exponent Energy with Sanjay Byalal Jagannath, aiming to address the critical issue of EV charging. Their goal was ambitious: to charge EVs in just 15 minutes. Despite initial disbelief, Exponent Energy raised $5 million in its pre-Series A funding round in 2021 and started commercial operations in 2023.Today, Exponent Energy has emerged as a game-changer in the EV charging space, with its rapid charging battery packs, charger, and connector. Backed by prominent investors like Lightspeed, Your Nest VC, and others, the startup has expanded its operations to Delhi NCR and plans further expansion across major cities in India. Vinayak's vision extends beyond just creating a successful business. He believes that energy tech companies like Exponent will play a crucial role in shaping the future. As the Indian EV market continues to grow rapidly, Vinayak remains optimistic about the opportunities in the sector. Sounds interesting? Want to know what we can do for your startup using data? Reach out to us ! Partho Atticus Advisors #EV #ElectricVehicles #EnergyTech #Startup #IndiaGrowth #SustainableFuture

Battery Smart Raises $65M in Series B Funding to Transform Electric Mobility in India! Battery Smart, the innovative battery tech startup, has just secured $65 million in its Series B funding round! This round was led by LeapFrog Investments and saw participation from MUFG, Panasonic, Ecosystem Integrity Fund, Blume Ventures, and British International Investment (BII). While the latest valuation remains undisclosed, the company was previously valued at $340 million during the first tranche of this round. This marks a significant leap from its $210 million valuation in the pre-Series B round last November. What's next for Battery Smart? The funds will be used to scale their battery-swapping network across India, promoting wider adoption of electric vehicles. Their advanced lithium-ion batteries and battery-as-a-service (BaaS) model help customers avoid high upfront costs, making electric mobility more accessible. Currently, Battery Smart operates 1,000 battery-swapping stations across 30 cities, completing over 35 million swaps for 45,000+ active customers. With a presence in key regions like Haryana, NCR, Karnataka, Rajasthan, Telangana, Uttar Pradesh, and Maharashtra, they are at the forefront of India’s green transportation revolution. In an exciting development, Battery Smart has partnered with quick commerce platform Zepto to deploy 1,000 electric vehicles in FY25, further leveraging their extensive battery-swapping network. Key Investors: Tiger Global: 23% stake Co-founders Pulkit Khurana and Siddharth Sikka: 14.28% each Blume Ventures: 12% With this new funding, Battery Smart is set to drive the future of electric mobility in India! Stay tuned for more updates on their journey. Read More: https://lnkd.in/gqs6Xk7k #BatterySmart #SeriesBFunding #ElectricMobility #GreenTech #SustainableTransport #EVs #TechNews #Investment #StartupSuccess

📢 "How Clean Electric Wants Dominate The Indian EV Paradigm With Its 12-Minute Battery Charging Tech" 🔔 ➡️ Clean Electric, founded in 2020 by former IITBHU students, focuses on improving EV battery safety, cost, and convenience. ➡️ Unlike competitors, their technology allows for universal charging compatibility rather than relying on proprietary stations. ➡️ In 2022, they raised $2.2 Mn in seed funding. ➡️ The startup is developing 12-minute charging technology for two- and three-wheeler EVs using innovative cooling systems and claims high battery cycle life. ➡️ They aim to address critical EV adoption barriers like charging time and infrastructure challenges in India and globally. Source of information 👇📝 https://lnkd.in/gce3eZX5 Share Your Startup Story 🚀✨ https://lnkd.in/ggir3Qap Visit our website 🌐✅ www.scoopearth.com #Scoopearth #Startup #Ev #Charging #Energy #Battery

Battery swapping network leader, Battery Smart, has secured a substantial $45 million in fresh funding. This investment round involved a diverse group of participants, including Acacia Inclusion Limited, MUFG Bank, Blume Ventures (existing backer), The Ecosystem Integrity Fund, and British International Investment. ➡ Why Battery Swapping Matters: ◾  Faster Charging: Swapping a depleted battery takes minutes compared to hours of traditional charging, making it ideal for busy riders. ◾  Range Anxiety Relief: A readily available network of swapping stations eliminates concerns about running out of power on the go. ◾  EV Adoption Boost: Convenience and reduced charging time can incentivize a wider shift towards electric mobility. ➡ Fueling Growth & Sustainability: This funding is likely to propel Battery Smart's growth in several key areas: ◾  Network Expansion: Expect a significant increase in Battery Smart's swapping station network across India, improving accessibility for EV users. ◾  Technological Advancements: Investments in faster swapping mechanisms, improved battery management systems, and integration with smart grids are potential areas of focus. ◾   Operational Efficiency: Funding could be used to streamline logistics, optimize battery maintenance, and enhance overall operational efficiency. ➡ The Road Ahead for Battery Smart: With this fresh capital injection, Battery Smart is poised for exciting future prospects: ◾  Geographic Expansion: Reaching new cities and potentially venturing into other regions of India could be on the horizon. ◾Strategic Partnerships: Collaboration with EV manufacturers, ride-hailing companies, or government agencies could accelerate adoption. ◾  Technological Innovation: Continued R&D could lead to even faster swapping, better battery management, and seamless integration with existing infrastructure. 💭 Our Opinion: A Wise Investment for a Greener Future We believe this funding is a wise decision. Battery swapping addresses key challenges for EV adoption, particularly in a country like India with a vast geographical spread. The growing demand for EVs makes Battery Smart's solution well-timed. Stay tuned for more insights on the future of transportation!Follow us to stay updated on the latest developments in the EV industry and other technological advancements. The future of electric mobility in India looks bright! #BatterySmart #EV #Funding #Sustainability #India

🚀🔥Electric vehicle batteries manufacturer Neuron Energy has secured Rs 20 crore ($2.4 million) in Series A funding round co-led by Chona Family and Capri Global Family Office.🚀🔥 Launched in 2018 by 🌟Pratk Kamdar 🔥Neuron Energy provides lithium-ion and lead-acid technology smart batteries for bikes, rickshaws, and golf carts. 🚀Visionary Leadership: Founded by Pratk Kamdar in 2018, Neuron Energy's success highlights the power of visionary leadership in pioneering innovative solutions in the electric vehicle sector. 🚀Sustainable Innovation: By providing smart lithium-ion and lead-acid batteries for bikes, rickshaws, and golf carts, Neuron Energy is driving sustainable innovation and contributing to a greener future. 🚀Resilience and Growth: Securing Rs 20 crore ($2.4 million) in Series A funding underscores Neuron Energy's resilience and steady growth, proving that dedication and perseverance lead to significant achievements. 🚀Strategic Partnerships: The co-led investment by Chona Family and Capri Global Family Office emphasizes the importance of strategic partnerships and leveraging diverse support to scale operations. 🚀Market Impact: Neuron Energy's ability to attract substantial funding demonstrates the market's confidence in their products and the impactful role they play in the electric vehicle ecosystem. 🚀Commitment to Excellence: This funding milestone showcases Neuron Energy's commitment to excellence in technology and customer satisfaction, setting a high standard in the industry. 🚀Empowering Change: Neuron Energy's journey is a testament to how innovative startups can empower change, leading the charge toward a more sustainable and technologically advanced world. 🚀Inspirational Journey: From its launch in 2018 to securing significant investment, Neuron Energy's story is an inspiration for entrepreneurs, reminding them that with innovation and determination, great success is achievable. ✅️Share Your Startup Story 🚀📲 https://lnkd.in/ggir3Qap ✅️visite our website🌐 https://lnkd.in/dad4nHP4 #NeuronEnergy #EVBatteries #SustainableInnovation #StartupSuccess #SeriesAFunding #GreenTech #ElectricVehicles #SmartBatteries #Entrepreneurship #TechInnovation #VisionaryLeadership #scoopearth

Electric Vehicle (EV) startup Simple Energy has announced a successful raise of $20 million in a Series A funding round. This substantial investment will be strategically utilized to ramp up production of its cutting-edge electric scooters, the Simple One and Simple Dot One. With this fresh influx of capital, Simple Energy is set to scale up production to meet growing demand, marking a significant milestone in the company's expansion plans. The funds will not only boost production but also support the company's ambitious entry into new markets and enhance its presence across India. Additionally, the investment will fuel the development of innovative new products, solidifying Simple Energy's position as a leader in the EV market. Founded with a vision to revolutionize urban mobility, Simple Energy is committed to delivering sustainable and high-performance electric scooters that cater to the evolving needs of consumers. This funding round underscores investor confidence in the company's potential to drive the future of electric transportation. #SimpleEnergy #ElectricVehicles #SeriesAFunding #EScooters #SustainableMobility #EVMarket #ProductionScaleUp #NewMarkets #IndiaExpansion #ProductDevelopment #UrbanMobility #TechInnovation #GreenTransport #InvestmentNews #SimpleOne #SimpleDotOne #angellistmedia

From parts manufacturers to charging solutions providers, startups in the electric vehicle (EV) space are attracting funds. The charging infrastructure segment has raised $46.7 million in funding across three rounds so far this year, Jyoti Banthia reports for businessline, citing Tracxn data. In 2023, this segment raised $188.5 million via 18 deals, the data shows. This fund-raising spree is fuelling an expansion drive. Charge+Zone has more than 2,000 charging stations and is present across over 75 locations. Kartikey Hariyani, the company’s founder and CEO, says that it is adding one charging station every day. ElectricPe has the largest charging network in Bengaluru and plans to expand into two or three cities this year, the report says. Exponent Energy, which provides rapid charging, operates across six cities and has forayed into the three-wheeler passenger vehicle market in partnership with Omega Seiki Mobility this year. There is still a demand-supply gap when it comes to charging, but companies are looking to address it with the use of AI, says Karan Mehta, Venture Principal at Green Frontier Capital. Meanwhile, manufacturers that shifted from another industry to EV parts are also seeing increased investor interest, Soumyajit Saha reports for The Economic Times. While motor control units-manufacturer Indigrid started out by producing TV set top boxes, Matel began with making solar water pumps. Such firms, among others, have raised funds for the first time in the last couple of months, the report says. A lot of large players are specialised in their manufacturing, which provides a space for smaller companies, say industry executives. Source: businessline - https://lnkd.in/gxrJ__d4 The Economic Times - https://lnkd.in/gfVxe3iT ✍: Abhiraj Ganguli 📷: Getty Images #ElectricVehicles #EV #Manufacturing #EVStartups #Funding

Ather Energy Becomes a Unicorn After Securing $71 Million in Funding from NIIF Electric scooter manufacturer Ather Energy has officially joined the coveted unicorn club after securing a $71 million investment from its existing investor, the National Investment and Infrastructure Fund (NIIF). This latest infusion of capital values the company at an impressive $1.3 billion. Ather Energy, renowned for its technologically advanced electric scooters, has been at the forefront of India's electric vehicle revolution. This substantial funding round is a testament to the company's growth trajectory and its potential to disrupt the traditional two-wheeler market. The fresh capital will be instrumental in accelerating Ather's expansion plans, including bolstering its research and development efforts, expanding its charging infrastructure, and strengthening its retail presence across the country. The company is also eyeing a potential public listing in the near future. With this achievement, Ather Energy solidifies its position as a leading player in India's burgeoning electric vehicle ecosystem. The company's success story is expected to inspire other startups in the sector and contribute to the government's vision of a greener and cleaner India. #startup #startupnews #business #ather #energy #unicorn #club #funding #investment #india #electric #scooter #vehicle #ecosystem #clean #post

Here is a list of the 12 largest Indian EV start-ups by capital raised according to Inc42 Media. Indian EV startups have garnered over $2.8 billion in funding since 2015, primarily led by OEMs. However, recent data from indicates a notable shift, with non-OEMs securing over 41% of deals in 2023. The Indian EV sector has raised $850 million through 37 deals since Jan 2023. Investors cite prolonged gestation periods, intensifying competition, and substantial capital requirements for the waning interest in funding EV manufacturers. Attention is now turning towards specific industry sub-segments, including EV financing, charging infrastructure, and battery technology. While major OEMs like Ola Electric, Ather Energy, and River have raised over $530 million cumulatively in the last year, investments in non-OEM players are gaining traction. Notable funding rounds include EV battery startup Log9 Materials $40 million Series B and Magenta Mobility $22 million Series A. This shift underscores a growing focus on elements within the EV ecosystem beyond vehicle manufacturing. *Note numbers in graphic do not match text due to funding rounds occurring since the original graphic was published in 2023. Which Indian EV startups are you most excited about? Source: https://lnkd.in/gFgXhtbW #EV #batteries #India