In a significant move towards advancing electric vehicle (EV) technology in India, TDK Corporation’s subsidiary, TDK Ventures, has announced a strategic investment in Exponent Energy, a cutting-edge battery and charging system innovator. Exponent Energy, founded by Arun Vinayak and Sanjay Byalal Jagannath, has set its sights on revolutionising the Indian last-mile logistics market with a bespoke EV battery solution.
Fresh from its success with Ather, a leading 2W EV OEM in India, Exponent Energy introduces a proprietary energy stack comprising the battery pack (e^pack), charging station (e^pump), and charging connector (e^plug). This innovation allows for a rapid 0%-100% charge within an impressive 15-minute timeframe for EVs, boasting a remarkable 3000-cycle lifetime warranty using regular Lithium Iron Phosphate (LFP) cells.
Exponent Energy collaborates with original equipment manufacturers (OEMs) to seamlessly integrate its e^pack, creating a rapid charging variant. Simultaneously, the company establishes a network of e^pumps strategically positioned to facilitate logistics providers in charging their Exponent-powered EVs efficiently.
In the past nine months, Exponent Energy’s groundbreaking technology has gained significant traction in the Indian market. With over 500 Exponent-powered EVs covering more than 3 million kilometres and completing over 60,000 rapid charging sessions, the company has demonstrated the viability and scalability of its solution.
Arun Vinayak, CEO of Exponent Energy, emphasised the transformative potential of their technology, stating, “Mobility is about freedom and accessibility. To unlock EV adoption at scale, we need EVs to charge faster, last longer, and cost a whole lot less. Our mission to simplify the broken energy ecosystem and provide greater access to energy-transformative technologies struck a chord with TDK – making this a perfect partnership. We’re excited to work closely together to transform the EV industry.”
Nicolas Sauvage, President of TDK Ventures, expressed his admiration for Exponent Energy’s achievements, stating, “Exponent’s groundbreaking achievement in crafting an economical and scalable 15-minute rapid charging solution utilising standard LFP cells is revolutionary, allowing electric vehicles to adopt a more compact battery pack that can swiftly charge within a concentrated public charging infrastructure, effectively removing range anxiety.”
Sauvage continued, “We share the vision of expanding rapid charging accessibility at a reasonable cost, making electric mobility an option for everyone. This collaboration represents an exciting stride toward a more sustainable and electrified future.”
