Altigreen & Exponent Jointly Launches Fast-charging EV - NeEV Tez
Altigreen in collaboration with Exponent Energy has launched a brand-new variant of its successful three-wheeler cargo EV neEV – the neEV Tez. Featuring an 8.2kWh e-pack, a proprietary battery by Exponent built using regular LFP cell chemistry, neEV Tez delivers a 98 km Range (ARAI Certified) and city drive range of 85 km. It charges from 0 to 100 per cent in 15 minutes at Exponent’s epump charging network, making it the fast-charging electric vehicle.
neEV Tez starts at a price point of Rs 3,55,000 with a vehicle warranty of 5 years or 1 lakh kms and an unprecedented battery warranty of 5 years/1.56 lakh kms. Earlier, in August 2022, Altigreen and Exponent Energy had announced their partnership aimed at making rapid charging a reality for electric vehicles on Indian roads. neEV Tez is the first product to emerge out of this partnership, featuring Exponent’s proprietary liquid-cooled battery that delivers an industry performance of 0-100 per cent charge within 15 minutes. This is achieved by the epump delivering 600A of current to the epack (15 times the industry standard) while managing individual cell characteristics, including thermals, to ensure safety, long battery life and performance consistency even at 50 degrees Celsius.
Dr Amitabh Saran, Founder and CEO, Altigreen, said, “neEV Tez will ensure maximum utilization of the vehicle owing to its long range and low charging time, thereby resulting in more trips on a single charge and high earnings opportunity. While consumers acknowledge that EVs offer a smoother driving experience, some have doubts arising from the myth of EVs being unpredictable and unreliable. For cargo businesses, this can be a potential hindrance in the business, forcing a cap on the delivery jobs one can take. Traditionally, the root cause of this anxiety has been attributed to range and prolonged charging time. The game-changing neEV Tez finally offers a new and robust solution with its 15-minute full-charge capabilities. So the next time a consumer asks us, “Kitna chalti hai?”, we’d like to tell them, “Chaltie rehti hai!."
Arun Vinayak, Co-Founder, Exponent Energy, said, “We're proud to launch the world's fastest charging 3-wheeler -- The neEV Tez, in partnership with Altigreen. While the neEV series already has best-in-class volumetric load capacity & ground clearance, the neEV Tez with a 15-minute full charge & 3000 cycle life warranty is an unbeatable proposition! Beyond everything, mobility is about freedom and that’s what neeV Tez stands for. Along with the e^pump network, customers will experience unmatched flexibility and freedom to do more, earn more and keep going."
Altigreen neEV cargo EVs are indigenously built keeping in mind India’s road conditions and temperature and are ideal for intercity and intracity transportation. Available in three variants – the High Deck, the Low Deck, and now Tez, neEV is the perfect solution for last-mile delivery.
NeEV Tez has been launched keeping in mind all business owners - from those owning a single vehicle, to an aggregator of 1000s of vehicles in the logistics space. The aim is to deploy 2,000 neEV Tez’s as part of the first phase of commercialization in Bengaluru. Exponent will deploy at least 100 epumps in every city that it operates in starting in Bengaluru.
