Argus Partners advises electric vehicle charging infrastructure startup, Exponent Energy on raising $26.4 million in a Series B round led by Eight Roads Ventures
We are pleased to share that Argus Partners has advised electric vehicle charging infrastructure startup, Exponent Energy (Exponent Energy Private Limited) on raising $26.4 million in a Series B round led by Eight Roads Ventures.
Exponent Energy intends to use the funding to scale its presence to five new cities and, expand its offering in the electric three-wheeler space and enter the intercity e-bus segment in 2024. The company further aims to deploy 1,000 e-pumps, its charging stations and have 25,000 electric vehicles powered by Exponent Energy by 2025.
As per, Arun Vinayak, co-founder and CEO, Exponent Energy, “With this round, we’re set to scale operations from battery manufacturing to on-ground network presence across categories & cities, and simplify the broken energy ecosystem at scale,”
The Argus Team consisted of Ankit Guha (Partner), Tushar Thimmiah (Principal Associate), Shubhangi Gupta (Senior Associate) and Keshav Seth (Associate).
7A, 7th Floor, Tower C, Max House,
Okhla Industrial Area, Phase 3
New Delhi – 110020
The rules of the Bar Council of India do not permit advocates to solicit work or advertise in any manner. This website has been created only for informational purposes and is not intended to constitute solicitation, invitation, advertisement or inducement of any sort whatsoever from us or any of our members to solicit any work in any manner. By clicking on 'Agree' below, you acknowledge and confirm the following:
a) there has been no solicitation, invitation, advertisement or inducement of any sort whatsoever from us or any of our members to solicit any work through this website;
b) you are desirous of obtaining further information about us on your own accord and for your use;
c) no information or material provided on this website is to be construed as a legal opinion and use of this website will not create any lawyer-client relationship;
d) while reasonable care has been taken in ensuring the accuracy of the contents of the website, Argus Partners shall not be responsible for the results of any actions taken on the basis of information provided in this website or for any error or omission in the website; and
e) in cases where the user has any legal issues, the user must seek independent legal advice.