- Exponent One is a comprehensive 360° financing and asset management platform dedicated to commercial electric vehicles – spanning three-wheelers, four-wheelers/LCVs, buses, and trucks – supporting the entire lifecycle from ownership to earnings to upgrades.
- Designed around the real-world operating dynamics of commercial vehicles, Exponent One seeks to empower sustainable micro-entrepreneurship in electric mobility.
- The venture has secured $2 million in pre-seed funding from AdvantEdge Founders to accelerate its early rollout and expand across key EV hubs.
India | February 17, 2026: Exponent Energy, the Bengaluru-based energy-tech company, has announced the launch of Exponent One, a fintech and asset management venture designed to solve one of the biggest barriers to commercial EV adoption: viable financing.
Industry veteran Sandeep Divakaran (ex-CXO at Ola and evfin by Greaves) joins as Co-Founder & CEO, bringing over two decades of expertise in financial services, leasing, and mobility.
Platform Highlights
- Exclusive Focus: Financing and asset management for commercial EVs – three-wheelers, four-wheelers/LCVs, buses, and trucks.
- 360° Lifecycle Coverage: Ownership, earnings, upgrades, and asset risk management.
- Adaptive Financing Model: AI-driven underwriting based on real-world energy intelligence from Exponent’s EV ecosystem.
- Risk-Sharing Mechanisms: Assurance, buybacks, and embedded insurance to support driver-owners and fleets.
- Funding: Raised $2M pre-seed from AdvantEdge Founders to accelerate rollout across key EV hubs.
Sandeep Divakaran, Co-Founder & CEO, Exponent One, said: “Commercial vehicle driver-owners operate real-world businesses with daily variable earnings, yet lending models still rely on rigid personal credit rails. At Exponent One, we believe if the driver-owner fails, the system fails. Our adaptive financing focuses on input metrics – asset quality, charging patterns, energy consumption – enabling us to differentiate between bad luck and bad intent. This gives drivers confidence to switch to EVs and grow sustainably.”
Arun Vinayak, Founder & CEO, Exponent Energy, added: “Energy in EVs is an upfront capex challenge. Exponent One transforms this into meaningful opex benefits through adaptive financing. By combining Exponent’s energy intelligence with AI-driven underwriting, we’re building a first-of-its-kind partnership where energy and financing converge to support driver-owners through their lifecycle. Together, Exponent Energy powers the assets, and Exponent One powers the driver-owner.”
Kunal Khattar, Founder, AdvantEdge Founders, said: “Commercial EV scale in India isn’t just a technology challenge; it’s a data and capital challenge. Exponent One replaces ICE-era assumptions with real-time operational intelligence, aligning financing with daily earnings and long-term asset performance. This is the missing piece that can finally move electric fleets from pilot to mass adoption.”
About Exponent One
Founded in December 2025 as a subsidiary of Exponent Energy, Exponent One is a fintech and asset management company focused on adaptive financing for commercial EVs. Its offerings include flexible repayments, embedded insurance, assured buybacks, and upgrade opportunities – all designed to improve asset confidence, reduce lender risk, and enable sustainable micro-entrepreneurship in electric mobility.
🌐 Website: www.exponent-one.com
About Exponent Energy
Founded in 2020 by Arun Vinayak (former CPO, Ather), Exponent Energy has built a deep energy ecosystem for commercial EVs, including:
- e^pack (battery pack)
- e^pump (charging station)
- e^plug (connector)
Together, these unlock a 15-minute full charge and a 3,000-cycle life warranty using affordable Li-ion cells. The company has raised $44.6M across Pre-Series A, Series A, and Series B from Lightspeed, TDK Ventures, Eight Roads Ventures, YourNest VC, 3one4 Capital, AdvantEdge VC, and the family office of Dr. Pawan Munjal (Hero MotoCorp).
🌐 Website: www.exponent.energy
📱 Twitter: @ExponentEnergy
💼 LinkedIn: Exponent Energy
About AdvantEdge Founders
Founded in 2015 by Kunal Khattar, AdvantEdge Founders is an early-stage VC firm investing across mobility, transport, logistics, EV, and energy sectors. The firm partners with visionary entrepreneurs building scalable solutions essential for India’s economic and environmental future.
