Exponent Energy & Park+ To Set Up 1,000 Rapid Charging Stations Across India

Exponent Energy and Park+ announced a partnership to deploy 1,000 charging zones across India by the end of 2023, starting with Bengaluru. The partnership will help Exponent to build a dense e^pump network by leveraging the real estate and public parking spaces accessible to Park+. Range anxiety has given way to charging anxiety, which both Exponent and Park+ are striving to solve together.

The charging stations set-up will be jointly branded as “Park+ EV Zones powered by Exponent” and will be deployed across high-demand hotspots of vehicle deployment and towards high EV usage regions. 

“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 equals more energy, making the e^pump a far more profitable network,” said Arun Vinayak, Co-founder, and CEO, Exponent Energy.

"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 discover 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. We look forward to a long and fruitful partnership with Exponent,” said Amit Lakhotia, Founder & CEO, Park+.

Exponent has raised USD 18 million so far from Lightspeed, YourNest VC, 3one4 Capital, AdvantEdge VC, Motherson Group and the family office of Dr. Pawan Munjal, Chairman, and CEO, Hero MotoCorp.