Brendan Foody • Mercor
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UpForge Global Startup Registry & Intelligence • 2026
The standardized public ledger of verified emerging companies, UFRN identifiers, and founder records.
Ather Energy is a pioneer and market leader in the premium smart electric two-wheeler segment in India. The company designs, manufactures, and deploys high-performance electric scooters, including the widely popular Ather 450X and 450S models, alongside building Ather Grid—a proprietary fast-charging infrastructure network spanning hundreds of locations across the country. Ather stands out for its vertical integration, developing its own battery packs, battery management systems, vehicle dashboards, and software stack in-house. The company has raised over $450M from institutional investors like Hero MotoCorp, GIC, and Tiger Global, and is actively preparing for its upcoming public listing in 2026. Ather's market position is driven by its strong unit economics, high brand loyalty, and focus on charging accessibility, helping to transition metropolitan commuters to sustainable mobility options.
Exponent Energy is a high-tech energy startup that has developed a revolutionary battery pack and charging system capable of charging electric vehicles from 0 to 100% in exactly 15 minutes. The company's technology achieves this rapid charging rate while maintaining a standard 3,000-cycle battery lifespan, resolving the primary bottleneck of EV charging speed without causing battery degradation. Exponent's core innovation is its proprietary thermal management system, which actively cools the battery cells during charging to prevent overheating. Having raised over $30M in funding from investors like Lightspeed India and YourNest, Exponent is deploying its charging network for commercial three-wheelers and logistics fleets, accelerating the commercial adoption of EV transport.
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