Electric mobility-based start-up, Exponent Energy has teamed up with Park+, a super app for car owners, to deploy 1,000 charging zones across India by end-2023, starting with Bengaluru.
The partnership will help Exponent to build a dense e^pump network by leveraging the real estate and public parking spaces accessible to Park+.
The charging stations set-up will be jointly branded as “Park+ EV Zones powered by Exponent” and will be deployed across high-demand hotspots of vehicle deployment and towards high EV usage regions.
The Bengaluru-headquartered Exponent Energy’s solution is solving two-sided energy problems through its battery pack, e^pack and charging station, e^pump – allowing an electric vehicle to be fully charged in 15-minute’s.
Recently, it has partnered with Altigreen Propulsion Labs to introduce the world’s fastest-charging electric three-wheeler.
Arun Vinayak, Co-founder and CEO, Exponent Energy shared, “We’ve already established the new norm for a seamless charging experience through our 15-minute full charge. The next step is to make finding an e^pump as easy as a petrol pump. With Park+ and its nationwide network of structured parking spaces, we aim to achieve just that, starting with Bengaluru. Rapid charging unlocks a much higher vehicle throughout on the same piece of land. More vehicles equal more energy, making the e^pump a far more profitable network.”
Amit Lakhotia, Founder & CEO, Park, said “Park+ has been making conscious efforts to partner with like-minded brands, to nurture the Indian EV ecosystem. Exponent and Park+ users will now be able to discover these “Park+ EV Zones powered by Exponent” to charge their battery packs within 15 minutes. Additionally, we also aim to activate over 10,000 Park+ EV Zones across India, in the next 15 months, to make EV charging accessible and hassle-free. We look forward to a long and fruitful partnership with Exponent.”
Till date, Exponent has raised $18 million (Rs 148 crore) so far from Lightspeed, YourNest VC, 3one4 Capital, AdvantEdge VC, Motherson Group and the family office of Pawan Munjal, Chairman, and CEO, Hero MotoCorp.
Click Here to get the latest EV news and exclusive updates from EV Mechanica on WhatsApp!