TDK Corporation (TSE: 6762) have 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 kilometres 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 their development. Exponent Energy CEO, Arun Vinayak stated: "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."
TDK Ventures President, Nicolas Sauvage, added: "I was impressed by Arun and his talented team when I met them in their office in Bengaluru earlier this year.
“Exponent's groundbreaking achievement in crafting an economical and scalable 15-minute rapid charging solution utilizing 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. 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."
