Exponent Energy, which offers rapid charging for electric vehicles, has secured US$26.4 million in a series B funding round. This brought the Bengaluru-based startup’s total raised to US$44.4 million.

The round was led by Eight Roads Ventures and included a strategic investment from TDK Ventures. Founded in 2020, Exponent Energy plans to use the funds to expand its presence into five more cities by the 2024 financial year.