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Exponent Energy had last raised $13 million in August 2022 in a Series A led by Lightspeed that valued the Bengaluru-based startup at around $45 million.
The electric vehicle (EV) charging infrastructure is the backbone of electric mobility but given the chicken and egg situation of what should be implemented first, it is often also seen as one of the barriers to EV adoption in India given its limited availability and long charging times.