Exponent Energy and Park+ to set up 15-minute rapid charging stations across India
EV energy start-up Exponent Energy and charger installer Park+ to set up 1,000 zones will be set up in parking lots across India.
EV energy start-up Exponent Energy and EV charger installer Park+ have partnered to set up 1,000 charging zones across India by the end of 2023, starting with Bengaluru.
The partnership will help Exponent to build a dense EV charger network by leveraging the real estate and public parking spaces accessible to Park+.
The charging stations setup, jointly branded as ‘Park+ EV Zones powered by Exponent’, will be deployed across high-demand hotspots of vehicle deployment and towards high EV usage regions.
Exponent Energy claims that by using its battery pack (e^pack) and charging station (e^pump), it can deliver a 15-minute full charge on Exponent-enabled vehicles. In August this year, the company announced the world's fastest-charging electric three-wheeler in a partnership with Altigreen Propulsion Labs.
Arun Vinayak, co-founder and CEO, Exponent Energy said, “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.”
Commenting on the partnership, Amit Lakhotia, founder and CEO, Park+, said: "Park+ has been making conscious efforts to partner with like-minded brands to nurture the Indian EV ecosystem. As part of this strategy, we are excited to collaborate with Exponent to build a robust battery charging network across India. Exponent and Park+ users will now be able to use 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.”
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