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Exponent Energy raises USD 2 million in pre-seed funding for Exponent One, a fintech platform aimed at financing commercial electric vehicles, led by AdvantEdge Foundry.
Amount Raised
$2 Million
Round Type
pre-seed
BengaluruMotor Vehicle ManufacturingInvestors
Description
Exponent Energy has launched Exponent One, a fintech and asset management platform for financing commercial electric vehicles. The startup raised USD 2 million in pre-seed funding from AdvantEdge Foundry. The initiative seeks to address the financing barriers hindering EV adoption in India. The platform will initially target electric three-wheelers, light commercial vehicles, buses, and trucks.
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