India, May 27 -- Sanjay Byalal Jagannath has exited Exponent Energy, the EV rapid-charging startup he cofounded in 2020 with Arun Vinayak, amid a broader internal restructuring and leadership transition at the startup.

In a LinkedIn post, Vinayak said Exponent Energy's transition from "just an energy-tech company to an energy company" required structural and leadership changes as it scaled newer verticals such as mobility platform Exponent Oto, financing arm Exponent One, and charging infrastructure.

The development was first reported by Moneycontrol.

Notably, Exponent Energy forayed into EV financing with the launch of subsidiary Exponent One earlier this year to offer financing solutions for commercial EV operators. The platform, lau...