India, June 10 -- EV rapid-charging startup Exponent Energy has raised Rs.200 Cr ($21.1 Mn) in a funding round co-led by 360 ONE Asset and TDK Ventures, with additional participation from new investor Hitachi Ventures.

While Hitachi Ventures made its debut investment in an Indian company, 360 ONE has also made its first foray in the EV space with this investment. All existing investors, including Lightspeed, Eight Roads Ventures, 3one4 Capital, and AdvantEdge VC, also participated in the round.

The capital will be used to accelerate research and development, expand its platform into new vehicle categories as well as accelerate physical presence across new geographies, the startup said in a statement.

Founded in 2020, Exponent Energy de...