JUNE 20249Startup: Exponent EnergyIndustry: Electric Vehicle (EV)Key Management: Arun Vinayak & Sanjay Byalal, Co-FoundersWith a strong objective to simplify the energy exponentially for electric vehicles in 2020, the startup acts as a full-stack energy company that designs charges, batteries, battery packs, battery pumps & many more to offer 15-minute charging for electric vehicles. In 2021, they executed the concept of a 15-minute charging system for EVs on the road & in 2022 they deployed their first e-pump. Last year the startup launched the fastest-charging 3-wheeler in the world, the Altigreen neEV Tez.The whole growth cycle of the startup signifies its technological adaptability & expertise in the EV sector. Creating new records for utilizing charging sessions, today Exponent Energy has become a more successful EV startup with notable investments & competing with the well-established players in the EV market. In April 2022, Exponent Energy raised $13 million in Pre-series A from Lightspeed, in December 2023 it raised $26.4 million from Eight Roads Ventures & bagged a profit worth 6 billion.USP: Unlimited freedom for the user, double shift operation in a single vehicle, more than 30 e-pump locations, dedicated application, low TCO, and optimized vehicle hubs."In India, commercial vehicles today roughly represent 10 percent of total vehicles sold in the country yet consume 70 percent of on-road energy. It's an energy-hungry segment rushing to go electric and needs a dependable rapid charging network that lets them keep going. To fulfill this demand, we intend to actively collaborate with all industry players & regulatory bodies", adds Sanjay Byalal, Co-Founder, Exponent EnergyStartup: FasalIndustry: Smart FarmingKey Management: Ananda Verma & Shailendra Tiwari, Co-FoundersAs tech-based agriculture is the current demand, startups in this landscape are witnessing enormous profits & scalability. In such cases, Fasal is stepped as a full-stack platform pioneering in smart farming using brilliant technologies including AI, IoT, and crop sciences to optimize resources such as pesticides & water and gain greater farm productivity to ensure observable & excellent produce. Within a short period, Fasal became a favorite tech buddy for farmers of over 13 states beholding more than 75000 acres of land.Their exclusive farming tricks have resisted 54,965 metric tons of greenhouse gases & cut down over 127, 426 kilograms of pesticides. For their smart predictions & tricks in Agriculture, the startup was honored with the `Best National Startup Award 2022' from GOI. Boosting the company's profit, the startup has successfully secured around Rs. 100 crore funding from TDK Ventures & BII-British International Investment, and other notable investors. As of April 2024, the company's valuation stands at $42.5 million with annual revenue of $2.34 million.USP: Micro climatic forecasts, pest & disease warnings, smart irrigation alerts, data-driven smart farming tricks, and reliable financial activity records for farming"We have used IoT and AI technologies to build our product. IoT is used to monitor real-time parameters from the farm and AI is used for microclimate weather prediction, disease, and pest prediction", says Ananda Verma, Co-Founder, FasalSC COLUMN
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