Electronics and Semiconductors

TDK invests in EV battery tech startup

19 December 2023

TDK Corp. has invested in battery and charging system startup Exponent Energy and its electric vehicle (EV) battery technology.

Exponent’s energy stack consists of a battery pack, charging station and charging connection for a 0% to 100% rapid charge in about 15 minutes. The energy stack offers a 3,000 cycle and uses lithium iron phosphate (LFP) cells.

The battery pack is used to create a rapid charging variant that allows a network of charging stations to be used for EV fleets in logistics sectors.

TDK said it is investing in Exponent Energy to support its vision for evolving energy transformation and decarbonization to help with climate change.

“Mobility is about freedom and accessibility,” said Arun Vinayak, CEO of Exponent Energy. “To unlock EV adoption at scale, we need EVs to charge faster, last longer, and cost a whole lot less. Our mission to simplify the broken energy ecosystem and provide greater access to energy-transformative technologies struck a chord with TDK – making this a perfect partnership. We’re excited to work closely together to transform the EV industry.”

To contact the author of this article, email GlobalSpecEditors@globalspec.com

Powered by CR4, the Engineering Community

Discussion – 0 comments

By posting a comment you confirm that you have read and accept our Posting Rules and Terms of Use.
Engineering Newsletter Signup
Get the GlobalSpec
Stay up to date on:
Features the top stories, latest news, charts, insights and more on the end-to-end electronics value chain.
Weekly Newsletter
Get news, research, and analysis
on the Electronics industry in your
inbox every week - for FREE
Sign up for our FREE eNewsletter