TDK Corporation announced that subsidiary TDK Ventures has invested in battery and charging system innovator Exponent Energy and its reimagining of EV battery technology, tailor-made for the Indian last-mile logistics market. Coming fresh off helping build the 2W EV OEM Ather, now a highly valued EV startup in India, Exponent Energy founders Arun Vinayak and Sanjay Byalal Jagannath have led a top-notch team of technical experts to bring a much-needed solution to the Indian battery market, where cost efficiency and last-mile logistics are crucial.
Exponent’s proprietary energy stack – comprised of the battery pack (e^pack), charging station (e^pump), and charging connector (e^plug) together unlock a 0%-100% rapid charge, in 15 minutes for EVs and a 3000-cycle lifetime warranty using regular LFP cells. Exponent partners with OEMs to integrate its e^pack to create a rapid charging variant and sets up a network of e^pumps for users operating in logistics to seamlessly charge their Exponent-powered EVs.
In the last 9 months, its technology has achieved product market fit with customers in India, with over 500 Exponent-powered EVs covering over 3 million kilometers and completing 60,000+ rapid charging sessions.
Energy transformation shouldn’t be restricted to a subset of society; decarbonization is important for everyone, and through its technology, Exponent Energy provides greater access to energy-transformative technologies. That is exactly why TDK Ventures partnered with Exponent Energy: to support both organizations’ mutual vision for improving tomorrow through technology. The TDK Ventures team hopes to scale Exponent’s solution and help accelerate its development.
Filed Under: Batteries, Charging, Offboard Charging, Tools