Magenta Mobility, Altigreen & Exponent To Roll Out 15 Min 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 manufacturing startup. Altigreen's neEV Tez powered by Exponent fully charges in 15- minutes. This, along with Exponent’s e^pump network empowers Magenta to unlock unparalleled utilisation, freedom, and flexibility for last-mile logistics.
With Altigreen's expertise in developing and distributing high-performance EVs with Exponent’s 15-minute rapid charging technology, Magenta plans to enable efficient cross-utilisation, resulting in significantly reduced operational costs for businesses across India.
Commenting on this partnership, Maxson Lewis, Founder & Managing Director at Magenta Mobility, said, “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,”
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.
Talking about the partnership, Dr. Amitabh Saran, Founder & CEO of Altigreen, said, “Altigreen’s pan-India, EV only, dealership network will provide the Exponent powered neEV Tez for deployment by Magenta across India,”
After successfully completing a 3-month pilot, Magenta, Altigreen and Exponent solidified the partnership and are set to deploy 1000 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 set up in other cities, allowing the EV fleets to conveniently charge on the go.
Speaking on the partnership, Arun Vinayak, Co-founder, & CEO of Exponent Energy, said, "The NeEV Tez and the e^pump network perfectly compliment Magenta's platform and infrastructure to revolutionize the last-mile segment,"
