Archives February 2026

Mumbai, Feb 18th: Capri Group, sponsor of alternative investment funds including Capri Stressed Assets Fund (“CSAF”) and Capri Special Situations Fund 1 (“CSSF1”), today announced that Mr. Sanjay Jain will be joining the Investment Manager to the Funds as Managing Partner, subject to requisite approvals from investors and the Securities and Exchange Board of India (“SEBI”).

Mr. Sanjay Jain will oversee the management and investment strategy of Capri Stressed Assets Fund and Capri Special Situations Fund 1. Capri Group is seeking regulatory approvals, to enable Mr Jain acquire 35% ownership in the Investment Manager & Sponsor of CSAF and CSSF1, reinforcing long-term alignment across the platform. Pending investors’ and SEBI’s approvals for reorganising the Investment Manager, Mr. Jain is currently serving as Managing Director & Chief Investment Officer.

Mr. Jain brings over three decades of experience across stressed assets, capital markets, investment banking, and corporate and project lease finance. Most recently, he served as CEO of Aditya Birla ARC Ltd. (2018–2025), where he led stressed asset investments of ~₹6,000 crore and oversaw resolutions delivering IRRs exceeding 40% and investment income of over ₹10,500 crores. His appointment is expected to significantly enhance the investment leadership, governance framework, and execution capabilities of Capri’s sponsored funds.

Commenting on the appointment, Mr. Rajesh Sharma, Founder, Capri Global, said: “We are delighted to welcome Sanjay Jain as Managing Partner. His deep domain expertise in stressed assets, strong track record of value creation, and hands-on leadership across complex resolutions align perfectly with our long-term vision for the platform. Sanjay will lead the management of our sponsored funds, and his meaningful capital contribution and profit participation reflect strong alignment with investor interests while reinforcing our focus on disciplined, outcome-driven investing.”

Capri Stressed Assets Fund (CSAF), a SEBI-registered Category II AIF sponsored by Capri Group, focuses on investing in Indian mid-market stressed companies with strong underlying businesses, leveraging structured capital solutions and active turnaround strategies. The Fund has a target corpus of ₹1,000 crore with an additional ₹500 crore green-shoe option. It has received commitments of ₹675 crore to date and is expected to complete its final close on 8 May 2026. The Sponsor, affiliates, and partners have committed ₹450 crore, including a ₹50 crore commitment by Mr. Sanjay Jain, underscoring strong alignment with investors.

Capri Special Situations Fund 1 (CSSF1) complements Capri Group’s investment platform by targeting special situations opportunities across sectors, with a focus on value creation through structured investments, operational improvements, and strategic capital deployment.

This development reflects Capri Group’s continued commitment to strengthening the management and performance of its sponsored funds through enhanced investment leadership and disciplined execution. Upon receipt of requisite approvals, Mr. Sanjay Jain will play a central role in steering investment and resolution strategies across the Capri-sponsored funds amid a structurally improving yet opportunity-rich stressed assets landscape in India.

Bengaluru, India Feb 18th: ATEN Advance, the leading provider of KVM, AV/IT connectivity, and management solutions, today announced the strategic expansion of its professional video wall series with the launch of the VW1608 16×8 Modular Video Wall Processor. By integrating flagship power into a compact 4U chassis, ATEN now offers a comprehensive range of visual solutions for any professional challenge. With a lineup featuring both the high-capacity VW3620 (36×20) and the compact VW1608 (16×8), ATEN ensures organizations can deploy the ideal processor for any environment, from corporate decision-making war rooms, venue and auditoriums to transportation hubs and disaster response centers, delivering absolute precision and reliability for mission-critical decision-making at every scale.

To address the complexity of modern visual data, the VW1608 features a high-performance FPGA-based hardware architecture combined with FrameSync technology. This synergy ensures tear-free, latency-free visuals even during rapid source switching, delivering seamless motion and absolute precision for critical viewing. Supporting True 4K resolution, the processor delivers crystal-clear detail and accurate color reproduction while intelligently upscaling and optimizing content. This ensures every pixel achieves maximum clarity across video walls of any display type or size.

To address the rising trend of bezel-free LED displays, the VW1608 is engineered to leverage the limitless potential of seamless video walls. By removing the constraints of physical borders, it enables flexible overlapping and cross-screen windowing that allows content to flow freely across the entire display area to maximize screen real estate. This versatility is enhanced by an intuitive Web GUI for real-time drag-and-drop layout management. Operators can utilize the local HDMI output for live previews to verify adjustments such as repositioning feeds or fine-tuning window overlays with absolute precision before pushing them live to the main LED wall.

The VW1608 features a modular 4U chassis supporting 16 sources and 8 displays, with daisy-chaining capability to expand up to 24 display outputs. Built for 24/7 stability, it includes redundant power and hot-swappable modules for effortless upgrades and maximum uptime. For high-stakes environments, the VW1608 supports high-availability clustering with real-time mirroring and automatic failover, while automatic configuration backup protects against system failures to ensure uninterrupted mission-critical operations.

“By pairing exceptional 4K fidelity with a scalable modular design in a compact form factor, the debut of the VW1608 empowers our customers to visualize critical data with total confidence,” said Nicholas Lin, Senior Vice President of ATEN International. “Whether deployed in corporate war rooms, auditoriums, transportation hubs, or disaster response centers, the demand for 24/7 stability and absolute reliability is universal. With this addition, ATEN now provides a comprehensive portfolio of video wall processors, ensuring a precision-engineered solution for any scenario, regardless of scale or complexity.”

Key Features of the VW1608 16×8 4K Modular Video Wall Processor:

• Superior 4K Visual Performance: Delivers True 4K at 60Hz clarity with FPGA-powered FrameSync technology to eliminate screen tearing and ensure near-zero latency visuals.
• Scalable Modular Architecture: Features a compact 4U chassis with four input and two output slots that support up to 16 sources and 8 displays, with scalability up to 24 displays through daisy-chaining.
• Intuitive Control and Preview: Provides the freedom to manage any source to any window via a drag-and-drop Web GUI for real-time remote monitoring. A local HDMI output enables live previews of layouts, logos, and scrolling text to verify precision before going live.
• Independent Multi-Canvas Support: Supports up to four independent canvases on a single video wall, each utilizing unique layouts and source configurations to maximize screen real estate and operational efficiency.
• Mission-Critical Reliability: Engineered for 24/7 situational awareness with hot-swappable modules and high-availability mirroring to ensure maximum uptime. Automatic configuration backup and recovery protect against system or network failures to maintain stability in demanding environments.

New Delhi, India, Feb 18: The prestigious Surajkund International Crafts Mela in Faridabad witnessed a wonderful display of India’s artistic and cultural heritage with the presence of the world-renowned sculptor and Guinness World Record holder, Shri Naresh Kumar Kumawat, who showcased his artwork through his fascinating live clay modeling at the mela. The sculptor’s presence at the mela added an immense dimension to the event, which left the visitors in awe.

Started on a reputable note, the fair was privileged with the presence of the Honorable Governor and Vice-President of India, Shri C.P. Radhakrishnan, and the Honorable Chief Minister of Haryana, Shri Nayab Singh Saini, who looked upon the pavilions at the Surajkund International Atmanirbhar Crafts Mela. He amazed the onlookers with his expertise through live clay modeling, an effective artistic form of expression, which vividly brought back the centuries-old Indian art forms.

The efforts made by Naresh Kumar Kumawat were applauded by the valuable guests, and the Honorable Chief Minister appreciated his extraordinary skills and dedication to Indian art and culture. The spectacular live modeling session encouraged the young generation to be associated with the age-old artistic treasure of India, bringing liveliness to the cultural experience rather than just a demonstration.

Further on this experience, Kumawat Ji, expressed, “It’s a moment of pride for me to had this golden opportunity to present live clay modeling at Surajkund Mela, a platform celebrating the soul of Indian art and craftsmanship, among the presence of such distinguished leaders. I would also like to extend my sincere thanks to Shri Amit Agarwal, IAS, Tourism Secretary, Government of Haryana, for giving me this wonderful chance to share our cultural heritage.”

Naresh Kumar Kumawat, Internationally Acclaimed Sculptor and Director of Matu Ram Art Centres Pvt. Ltd., is widely celebrated for his monumental contributions to art and public sculpture. Among his most iconic works is the 369-foot Statue of Belief, the world’s tallest statue of Lord Shiva in Rajasthan, and the 206-foot Statue of Social Justice in Andhra Pradesh, symbolizing equality and constitutional values. His artistic vision also adorns India’s new Parliament building through the evocative Samudra Manthan mural and the medallions of Dr. B. R. Ambedkar and Sardar Vallabhbhai Patel.

On the global horizon, Kumawat Ji’s sculptures have been exemplary ambassadors of India’s artistic essence through installations in Mexico, Geneva, Guyana, New York, Australia, Mauritius, and Costa Rica. His participation at Surajkund Mela has aptly reflected his lifelong dedication to the cause of not only preserving but also promoting India’s ancient artistic heritage for the benefit of future generations.

In today’s global scenario dominated by modern trends, Naresh Kumar Kumawat’s live art performance at Surajkund Mela has been a heart-touching tribute to India’s rich heritage, its deeply rooted cultural values, and its artistic legacy.

Bengaluru, India Feb 18th: Zoomcar Holdings, Inc. (OTCQB: ZCAR) (“Zoomcar” or the “Company”), India’s leading peer-to-peer car-sharing marketplace, today announced results for the quarter ended December 31, 2025 (Q3 FY25-26), underscoring continued execution on profitability and balance sheet priorities.

The Company delivered record contribution profit of $1.38 million (58% margin), also marking the ninth consecutive quarter of positive contribution profit. Contribution profit per booking improved by a significant 14% to $14.10, up from $12.39 in the prior year quarter. Adjusted EBITDA loss improved 74% year over year to $(0.83) million, while loss attributable to shareholders narrowed 91% year over year to $(0.72) million.

“Our Q3 FY25-26 results reflect stronger booking level economics and continued operating discipline,” said Deepankar Tiwari, CEO of Zoomcar. “With repeat usage remaining resilient without significant promotion spend, we believe we’re well positioned to consolidate India’s peer-to-peer mobility market as consumer preferences shift from ownership to access.”

Q3 FY25-26 Highlights (Quarter ended Dec 31, 2025)

• Path to Profitability accelerated without performance marketing spends: Ninth straight quarter of positive contribution profit, delivering record quarterly contribution profit of $1.38M (58% margin) and $14.10 contribution profit per booking, achieved with no performance marketing spend for 21+ months.
• Meaningful profitability progress: Adjusted EBITDA loss improved 74% YoY to $(0.83)M.
• Net loss materially reduced: Loss attributable to shareholders improved 91% YoY to $(0.72)M (vs. $(7.92)M prior year).
• Demand quality remained strong: GBV $6.60M (+1% YoY); repeat users contributed 58% of bookings; average guest trip rating reached an all-time high of 4.79/5.

Market Tailwinds + Unit Economics Inflection

Zoomcar believes India presents a compelling long-term opportunity for peer-to-peer car-sharing, driven by low car penetration and rising digital adoption. The Company highlighted projected total addressable market (TAM) expansion from 18.5 million users in 2025 to 65 million users by 2031, alongside continued unit economics improvement, with contribution margin per booking improving from negative levels in December 2023 to +$14.10 in December 2025.

Fundraising and Uplisting Update

Zoomcar is in the process of raising additional capital to support growth initiatives, including a  private placement bridge financing with a minimum raise of $2 million and up to $10 million, including an overallotment option. The Company has also launched a tender offer to exchange existing investor warrants for shares of common stock as part of efforts to simplify its capital structure. Zoomcar is also evaluating a possible uplisting to a U.S. national securities exchange, and continues to restructure existing debt obligations to strengthen its balance sheet and improve long-term financial sustainability.

New Delhi, Feb 18: Brandworks Technologies, India’s fastest-growing design-driven, R&D-led electronics manufacturing powerhouse, today signed a Memorandum of understanding (MoU) with MeitY Startup Hub (MSH) at the India AI Summit 2026 to collaborate on strengthening India’s deeptech and AI hardware startup ecosystem. The collaboration aims to deepen innovation, co-create AI-led hardware solutions with early and growth-stage startups, and build scalable commercialization pathways in the Electronics and IT domain.

With active support & guidance of MeitY, Brandworks will curate and manage a network of manufacturing partners, compliance advisors and ecosystem collaborators to support product engineering, scale-up and commercialization. Specializing in research-driven, design-led product development, advanced R&D and high-precision manufacturing, the company brings deep execution capabilities to the partnership. Valid for two years, the MoU establishes a collaborative framework aimed at strengthening India’s startup ecosystem, particularly in Electronics and AI hardware, while promoting the creation of intellectual property and globally competitive products.

As part of this strategic engagement, Brandworks also announced the MSH – Brandworks Global AI Exchange Platform 2026, a structured cross-border AI OEM and ODM execution framework designed to enable global AI hardware IP to be localized, manufactured and scaled in India, while supporting India-built AI innovations in expanding to international markets. The platform establishes a 0–180 day commercialization pathway backed by ready manufacturing networks, ecosystem partners and policy alignment, reinforcing Brandworks’ vision of ‘Designed in India, Built in India, Built for the World’.

Following the signing, Brandworks launched a new portfolio of AI-powered hardware products – the AI Voice Recorder, AI Speaker, and the AI Glasses, marking expansion into intelligent AI-native devices integrated with its proprietary LLM-backed AI infrastructure, aimed at accelerating enterprise, institutional and public-sector AI adoption.

“India has the talent and the market to lead in AI hardware, and this partnership is a step towards institutionalizing that ambition. With our fully integrated AI stack and manufacturing capabilities, Brandworks is building the infrastructure required to design, engineer and scale intelligent devices at global standards. The products launched today represent our contribution and alignment with the vision of ‘Built in India, for the world’ vision.” said Ishwar Kumhar, CEO & Co-founder, Brandworks Technologies

At the centre of the new launch is Brandworks’ AI Voice Recorder, a wearable device offering multilingual AI transcription, automated summaries and up to 20 hours of recording. The company also introduced its AI Speaker; a multilingual voice interface integrated with its proprietary LLM engine for real-time processing across 50+ languages. Expanding into wearables, Brandworks unveiled its AI Glasses, a lightweight, voice-first device for enterprise use. All three products are powered by Brandworks’ fully integrated, in-house AI architecture spanning hardware, proprietary models and secure backend infrastructure.

At the India AI Summit, Brandworks showcased its fully integrated AI architecture, enabling device orchestration, subscription management and contextual AI processing across voice, text and visual inputs. Developed entirely in-house, the stack ensures flexible deployment and enhanced data control without reliance on third-party AI engines. Brandworks Technologies specializes in research-driven, design-led product development, advanced R&D, and high-precision manufacturing.

Through the strategic collaboration with MSH and the launch of its AI-native hardware portfolio, Brandworks reinforced its commitment to building globally competitive AI hardware platforms from India while contributing to a robust and innovation-led deeptech startup ecosystem.

Hyderabad, Feb 18: After a successful run spotlighting some of India’s most exciting emerging voices, SOCIAL SELECTS returns with its fifth edition, bringing electronic music artist and producer AATMA to Mindspace SOCIAL, Hyderabad as part of a 5-city India tour, following previous successful editions in Delhi, Kolkata and Mumbai.

Built as an artist-first platform, SOCIAL SELECTS continues SOCIAL’s long-standing role as a cultural playground where music, community, and discovery come together. From genre bending DJs to fresh independent voices, the IP is designed to amplify artists who are shaping the future of India’s sound, one city at a time.

Leading this edition is AATMA, an Indian electronic music artist known for weaving traditional Indian and folk influences into melodic techno and deep house. His sound is rooted in storytelling, where heritage meets modern club culture. AATMA’s debut Time EP, released on Smash Deep, Dimitri Vegas and Like Mike’s deep house label, has already crossed one million plays, marking him as one of the most promising names in the Indian electronic music scene today.

Event Details:

• Venue: Mindspace SOCIAL, Hyderabad
• Date: 21^st  February, 2026
• Time: 9:00 P.M Onwards

Mumbai, Feb 18: Union Mutual Fund today signed a Registrar and Transfer Agent (RTA) agreement with CAMS to support transaction processing and investor servicing for Arthaya SIF. This arrangement is aimed at ensuring operational readiness and a seamless servicing experience for investors and distribution partners when Investment strategies under Arthaya SIF are launched.

Derived from the Sanskrit word Artha (wealth), Arthaya signifies “Purpose Led Wealth.” The name reflects Union Mutual Fund’s philosophy of purposeful wealth creation, blending Indian roots with a modern outlook and aligning financial journeys with long-term financial goals.

Mr. Madhu Nair, CEO, Union AMC, said: “As we develop our Specialized Investment Fund offerings in a measured and thoughtful manner, establishing a strong operational backbone is essential. Signing the RTA agreement with CAMS is a step towards ensuring that when Investment strategies under Arthaya SIF are introduced, investors and partners benefit from a smooth and well-supported transaction and servicing experience.”

Mr. Anuj Kumar, Managing Director, CAMS, added: “We are pleased to collaborate with Union Mutual Fund in supporting their SIF offerings. Our infrastructure is designed to provide reliable transaction processing and investor servicing support, enabling efficient operationalisation of new investment offerings.”

Union Mutual Fund aims to develop Investment strategies under Arthaya SIF with a focus on disciplined strategy design, governance, and investor-centric execution. Strategies under Arthaya SIF will be introduced in due course, subject to applicable approvals.

Hyderabad, Feb 18th: Rapido, India’s largest and most affordable one-stop mobility platform, is playing a growing role in enabling urban livelihoods across Hyderabad. It is emerging as a key income engine for thousands of captains across bike, auto, and cab categories.

Today, Hyderabad is home to over 5.4 lakh active Rapido captains, supported by more than 34.3 lakh total registrations across categories. Captains in the city earn an average monthly income ranging from ₹65,000 to ₹1,00,000, depending on the type of vehicle and their working patterns, with daily earnings typically between ₹3,000 and ₹4,000.

Importantly, for many captains this income is not supplementary. Nearly 50% of captains in Hyderabad report Rapido as their primary source of income, underscoring the platform’s role in enabling stable, independent livelihoods. This scale of opportunity is powered by strong, everyday demand. Hyderabad alone sees over 9.1 lakh Rapido rides each day, adding up to nearly 2.43 crore rides a month. Almost 4.7 lakh of these take place during peak office and college hours, offering captains reliable, high frequency earning windows.

With quicker average ETAs than competitors and commuter savings of up to ₹10,000 a month, Rapido continues to create a win-win for the urban mobility ecosystem, making daily travel smoother for riders while helping captains build steady, sustainable incomes.

Pavan Guntupalli, Co-Founder, Rapido said “Hyderabad holds a special place in Rapido’s journey and has evolved into one of our strongest livelihood markets. What we’re seeing here goes far beyond ride growth—it’s about income enablement at meaningful scale. For thousands of captains, Rapido today is a primary source of livelihood, offering the flexibility to work on their own terms, consistent demand, and the ability to build stable, predictable monthly earnings. As Hyderabad continues to grow and commute patterns evolve, our focus remains clear: to deepen earning opportunities for captains while making everyday mobility faster, more accessible, and more affordable for the people of the city.”

As Hyderabad grows, Rapido’s expanding multi-category network is increasingly becoming part of the city’s everyday economic and mobility infrastructure.

New Delhi, India, Feb 18th: Eka Care, a leader in AI-led digital health and connected care, today announced that it will collaborate with NVIDIA to develop a next-generation medical scribe for doctors. This initiative will help Eka Care build a consolidated, end-to-end, multilingual medical scribe model, a variant of which would be capable of running entirely offline, a breakthrough that promises to bring AI-powered documentation to even the most remote clinics in India.

The collaboration will leverage NVIDIA’s AI software and compute infrastructure to accelerate the development of Eka Care’s proprietary medical AI solutions. By combining Eka Care’s deep clinical data expertise with NVIDIA AI infrastructure and domain expertise, the initiative will address critical challenges in healthcare such as data privacy, internet dependency, and the need for real-time, low-latency transcription.

Powering the Next Wave of Clinical AI: 

Eka Care will utilise NVIDIA NeMo Curator to refine its massive datasets of Indian medical conversations. Eka Care is using NeMo Curator to clean and organise clinical data, ensuring the highest standards of data hygiene. To prevent “catastrophic forgetting”—a common issue where AI models lose previously learned knowledge as they take on new tasks—Eka Care is integrating the NVIDIA Nemotron CC dataset for replay during the pre-training phase. This ensures the model remains robust and generalizable while becoming a specialist in medical terminology.

Evaluating State-of-the-Art Architectures: As part of this initiative, Eka Care is actively evaluating NVIDIA Nemotron Speech models, including Parakeet automated speech recognition (ASR) to power its end-to-end application. The goal is to merge ASR and Large Language Model (LLM) capabilities into a single, efficient architecture that reduces computational overhead without sacrificing clinical precision. As of part of its open innovation initiative, Eka Care will be exploring potential open-sourcing of this consolidated model.

“Building a medical scribe for India requires navigating complex code-mixing and diverse accents. By collaborating with NVIDIA, we aren’t just improving our accuracy; we are building a sovereignty-first model that can live on a doctor’s mobile, independent of cloud connectivity. This is the future of secure, private patient documentation” said Vikalp Sahni, Founder & CEO, Eka Care. 

“India’s AI startup ecosystem is primed for acceleration, driven by exceptional technical talent and global ambition,” said Tobias Halloran, director of EMEAI startups and venture capital at NVIDIA. “NVIDIA is accelerating this momentum by giving founders direct access to accelerated computing, scalable AI infrastructure, and programs like NVIDIA Inception for startups and the NVIDIA VC Alliance—helping startups scale faster and build for global markets.”

This announcement aligns with the broader momentum around the India–AI Impact Summit 2026, a flagship gathering hosted by the Government of India under the IndiaAI Mission, taking place in New Delhi.

India, Feb 18th: Exponent Energy, a Bengaluru-based energy-tech company, announced a 360-degree fintech and asset management business venture, Exponent One, aimed at addressing a key barrier to scaling commercial EV adoption: access to viable financing. Financing and mobility veteran Sandeep Divakaran will helm the new venture as Co-founder and CEO.

Exponent Energy has built a deep energy ecosystem in commercial EVs by solving charging speed, battery reliability, and high-uptime operations resulting in deep energy intelligence in the real world of commercial mobility. While EV technology has advanced significantly, adoption continues to be constrained by access to viable financing.

Exponent One is designed to address this gap through a 360-degree underwriting and asset management platform built specifically for commercial EVs leveraging the above energy intelligence. This platform aims to bring financing parity between EVs and ICE commercial vehicles by offering adaptive financing and risk-sharing through assurance and buybacks. In partnership with traditional financiers, Exponent One intends to deliver large-scale EV financing for commercial operators. The financing arm to work exclusively with Commercial Electric Vehicles – three wheelers, four-wheelers/ LCV and buses/ trucks- supporting driver-owners and fleets from ownership to lifecycle management to upgrades.

Sandeep Divakaran, with over two decades of experience across intersection financial, leasing and mobility (CXO roles at Ola and evfin by Greaves), will lead the company as Co Founder and CEO to build-out a full-stack fintech and asset management platform.

Talking about the financing venture, Sandeep, said, “Commercial Vehicle driver-owners operate real-world businesses with daily variable earnings and limited buffers, yet lending models are still run on personal credit rails, with fixed monthly assumptions (EMIs). This rigid approach, focuses on only output metrics of timely payments, and hence fails the driver and leads to the ecosystem viewing commercial EV financing as risky.

At Exponent One, we believe in something fundamental: if the driver-owner fails, the system fails.

Our vision is to enable sustainable micro-entrepreneurship in electric mobility by building financing that adapts to real world earnings and not monthly averages, manages asset risk, provides buffers and gives drivers the confidence to switch and grow with EVs. Our adaptive lending model focuses on input metrics – asset quality, charging patterns, energy consumption, giving us the ability to differentiate between bad luck and bad intent and help support driver-owners through their circle of life.”

Built on Exponent’s energy intelligence, Exponent One’s AI-based adaptive financing stack enables access to livelihoods. Insurance is embedded to respond meaningfully to health and asset shocks, while assured buybacks create a strong secondary market that adds a critical layer of assurance for commercial vehicle owners and partner financiers. Savings, top-up loans, and upgrade opportunities support drivers’ aspirations to grow, progress, and move forward.

Elaborating further on the vision, Arun Vinayak, Founder and CEO, Exponent Energy, said,
“Energy in EVs is an upfront capex problem, hence viable-financing products are needed to transform this higher capex to meaningful opex benefits to the driver-owners.

Electric Commercial Vehicles are fundamentally energy assets. Our ability to influence battery life and manage them on a daily basis with real time energy data gives us an edge in understanding these assets better and in knowing their residual value. EVs are digital, earnings are digital and the energy stack with Exponent is digital, and all these input metrics layered with innovations in AI tech, enhances our ability to contextually underwrite and support the driver-owners through their circle of life. This is a first of its kind partnership, with energy and financing coming together to provide integrated adaptive finance and asset management solutions. We’re excited to have Sandeep lead this effort to build the financial layer needed to address the commercial EV financing gap.

Together, Exponent Energy will power the assets and Exponent One will power the driver-owner.“

Exponent One has also raised $2 million in pre-seed funding from AdvantEdge Founders to accelerate the early rollout and expand its presence across key commercial EV hubs, bringing adaptive financing to a wider base of driver-owners.

Kunal Khattar, Founder, AdvantEdge Founders, said, “Commercial EV scale in India isn’t just a technology challenge; it’s a data and capital challenge. Lenders must understand how these assets actually earn and age to unlock true scale. At AdvantEdge, we’re backing Exponent One because they’ve replaced ICE-era assumptions with real-time operational intelligence, aligning financing with daily earnings and long-term asset performance. By building a durable financial layer tailored to the EV ownership lifecycle, they are addressing the core risk mismatches that have held this industry back. We believe this is the missing piece that will finally move electric fleets from pilot to mass adoption.“