Startup Firm Exponent Energy Targets to Power 25,000 EVs by 2025

The company stated it is exploring augmenting its operations to Delhi NCR, Mumbai, Hyderabad, Chennai and Ahmedabad by the end of this financial and is targeting to deploy 1,000 charging stations and 25,000 EVs powered by Exponent, by 2025.

August 01, 2023. By EI News Network

Energy tech startup Exponent Energy is targeting to power 25,000 EVs by 2025 as it showed its proprietary energy stack including battery pack, charging station and charging connector in Bengaluru.

The company stated it is exploring augmenting its operations to Delhi NCR, Mumbai, Hyderabad, Chennai and Ahmedabad by the end of this financial and is targeting to deploy 1,000 charging stations and 25,000 EVs powered by Exponent, by 2025.

Exponent added its energy store together opening a 15-minute rapid charge, and long battery life (3,000 cycle life warranty, 3 times the industry standard) - all completed on regular LFP cells for the first time in the industry.

Rapid charging kills range anxiety and the need for expensive, oversized battery packs, it stated, expanding that with this two-sided approach, EVs powered by exponent will be 30 percent more affordable, which has been made possible by an optimised battery capacity (30 percent smaller), and 5-year financing (powered by 3,000 cycle life warranty).

The company added Exponent's energy stack refers to two major problems that, for decades, prevented rapid charging on LFP cells - Lithium plating and extreme heat.

Arun Vinayak, Co-founder and CEO of Exponent Energy, stated "We are building the future of energy that combines engineering with real world economics. For everyone to go electric, consumers need EVs that charge faster, last longer, and cost lesser.”

Tags:

Sustainable Transport

Delhi NCR, Mumbai, Hyderabad, Chennai and Ahmedaba

Bengaluru

LFP Batteries