Exponent Energy Launches EV Financing Arm Exponent One, Secures $2M Pre-Seed Funding

• Exponent Energy introduces Exponent One, a new financing platform for commercial EV drivers and fleet operators.
• The new entity raised $2 million in pre-seed funding from AdvantEdge Founders.
• Sandeep Divakaran, formerly of Ola and EVfin by Greaves, will lead Exponent One as Co-founder and CEO.
• The initiative addresses the critical bottleneck of financing in commercial EV adoption in India.
• Exponent One will use battery health and energy usage data to underwrite vehicles, focusing initially on three-wheelers and partnering with NBFCs.