Exponent Energy, a Bengaluru-based energy tech startup that offers 15-minute vehicle charging solutions, has launched an EV financing arm, Exponent One, the company’s cofounder and CEO Arun Vinayak told ET.
Exponent One will be led by Sandeep Divakaran, who has previously had a stint at ride-hailing company Ola as the CEO of its fleet management vertical. The new venture, which will partner with non-banking finance companies (NBFCs) to disburse loans to commercial EV owners, is also raising $2 million in funding from Exponent’s earliest backer and mobility focused investor, AdvantEdge VC.
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Other sources
- www.livemint.com/companies/exponent-energy-exponent-one-ev-finance-subsidiary-battery-autorickshaw-loans-ev-adoption-india-11771217024436.html
- yourstory.com/2026/02/exponent-energy-ev-financing-arm-exponent-one-funding-advantedge-founders
- www.thehindubusinessline.com/markets/exponent-energy-launches-fintech-arm-exponent-energy-raises-2-million-pre-seed/article70642197.ece
- www.msn.com/en-in/autos/news/ev-charging-company-exponent-energy-launches-financing-arm/ar-AA1WuSJU
- www.moneycontrol.com/news/business/startup/exponent-energy-launches-ev-financing-arm-exponent-one-raises-2-million-pre-seed-13832580.html