Exponent Energy partners with Park+ to set up over 1,000 charging stations acrossed in India by 2023

 

• Under this partnership, Exponent will leverage accessible public parking spaces and real estate for Park+ to set up EV charging stations

NEW DELHI : Electric vehicle energy start-up Exponent Energy today announced a partnership with Park+, a super app for car owners, to deploy 1,000 charging zones across India by the end of 2023, starting with Bengaluru. Will be

Under this partnership, Exponent will leverage accessible public parking spaces and real estate for Park+ to set up EV charging stations, the company said in a statement.

These stations will be jointly branded as "Park + EV Zones Powered by Exponent" and will be positioned towards high demand hotspots of vehicle deployment and high EV usage areas.

Exponent Energy is redefining EV charging by solving the two-way energy problem through its battery pack, the E^Pack, and charging station, the E^Pump - allowing Exponent to deliver 15 minutes of a full charge on capable vehicles Is. Recently, Exponent announced the world's fastest charging electric three-wheeler in partnership with UltraGreen Propulsion Labs.

“We have already set a new benchmark for a seamless charging experience through our 15 minute full charge. The next step is to make the 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 the entire vehicle on a single piece of land. More vehicles equals more energy, making e^Pump a far more profitable network," said Arun Vinayak, Co-founder and CEO of Exponent Energy.

“Park+ is making a conscious effort 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 find these "Park+ EV zones powered by Exponent" to charge their battery packs within 15 minutes. Additionally, we aim to activate over 10,000 Park+ EV zones across India in the next 15 months to make EV charging accessible and hassle-free, said Amit Lakhotia, Founder & CEO, Parks. We look forward to a long and fruitful partnership with Exponent.

So far, Exponent has raised $18 million (₹148 crore) from Lightspeed, YourNest VC, 3one4 Capital, AdvantEdge VC, Motherson Group and the family office of Pawan Munjal, Chairman and CEO, Hero MotoCorp.