Magenta Mobility, Altigreen and Exponent partner to roll out 15-minute rapid charging EV fleet

Magenta Mobility, an electric mobility and charging solutions provider, has joined hands with Exponent Energy, an energy-tech startup, and Altigreen Propulsion Labs, an electric commercial vehicle manufacturer. Altigreen’s neEV Tez powered by Exponent fully charges in 15-minutes. This, along with Exponent’s e^pump network empowers Magenta to unlock utilisation, and flexibility for last-mile logistics.

Magenta’s integrated approach offers end-to-end solutions to customers, enabling them to harness the benefits of greener and more efficient operations while generating valuable insights from their fleets. Presently, Magenta extends its expertise to assist businesses and delivery conglomerates in various sectors such as e-commerce, quick-commerce, grocery, pharma, and courier across 9 cities, addressing their last mile and mobility challenges effectively.

Maxson Lewis, Founder and Managing Director at Magenta Mobility said, “Through our partnership with Exponent and Altigreen, we are setting new standards for efficiency and convenience in last mile logistics. By rapid charging in 15 minutes, we will be able to cross utilise our fleet enabling us to save time and reduce our operational costs.”

After  completing a 3-month pilot, Magenta, Altigreen and Exponent solidified the partnership and are set to deploy 1,000 Altigreen neEV Tez powered by Exponent over the next 12 months. To support the fleet, Exponent has already installed 30 e^pumps across Bengaluru. New locations will be identified and e-pumps setup in other cities, allowing the EV fleets to conveniently charge on the go.

Talking about the partnership, Dr. Amitabh Saran, Founder and CEO, Altigreen said, “Altigreen’s neEV Tez demonstrates that EVs are not only more economical than their fossil-fuel counterparts, they can provide much increased earnings through 20-hr usage. Altigreen’s pan-India, EV only, dealership network will provide the Exponent powered neEV Tez for deployment by Magenta across India.”

Arun Vinayak, Co-founder, & CEO, Exponent Energy said, "Utilization is key for sustainable growth in last-mile logistics. The NeEV Tez and the e^pump network perfectly complement Magenta's platform and infrastructure to revolutionise the last-mile segment.