In the fast-changing world of electric vehicles (EVs). Bengaluru startup Exponent Energy is taking giant leaps with its innovative charging technology. Exponent Energy, started by ex-Ather Energy executives Arun Vinayak and Sanjay Byalal in 2020. They have created a complete energy stack consisting of a battery pack, charging station, and charging connector. This new technology has the potential to revolutionize the EV industry. By tackling challenges of long duration charges and battery ageing.
Exponent Energy: Key Breakthroughs
- 15-Minute Fast Charging: Exponent Energy’s innovation enables electric cars to be charged from 0 to 100% in only 15 minutes. A performance accomplished by its off-board ‘water-based’ thermal management system. It is a patented technology by the company. The system perfectly avoids battery overheating. It is the primary obstacle for fast charging, making charging secure and efficient for vehicles of all types.
- Increased Battery Life: The firm’s advanced Battery Management System (BMS). Charging algorithms minimize lithium plating. The main cause of battery degradation. This leads to an extended battery life, supported by a 3,000 cycle life warranty. Which is three times industry standard.
- Cost-Effectiveness: By utilizing regular LFP cells, Exponent Energy’s technology makes EVs more affordable. The optimized battery capacity reduces costs by 30%. While the 5-year financing option powered by the extended battery life warranty further enhances affordability.
Exponent Energy: Expansion and Partnerships
The comapny is rapidly growing its operations in key Indian cities. Such as Delhi NCR, Mumbai, Hyderabad, Chennai, and Ahmedabad. The organization plans to roll out 1,000 charging points by the year 2025. A significant collaboration with Omega Seiki Mobility resulted in the Stream City Qik. A passenger electric three-wheeler that can charge fully within 15 minutes. This partnership is the gateway to Exponent Energy’s foray into the passenger three-wheeler market. It is much larger than the cargo market in India.
Future Prospects of Exponent Energy
With close to $44.4 million raised in capital. Exponent Energy is poised to maintain its ambitious growth plans. With a focus on indigenous EV technology and a vision of an era where economics meets engineering. As the electric vehicle space continues to shape up. Exponent Energy’s innovative charging solutions are poised to drive the world towards EV charging infrastructure. With India planning to electrify a large part of its vehicle fleet. The technology used by Exponent Energy will play a central role in eliminating range anxiety. Exponent Energy, with its profitable and scalable charging network. It is at the forefront of creating a sustainable future for electric mobility.
ELCTRIK Speaks
They have transformed the EV charging space with its pioneering 15-minute rapid charging technology. Through its proprietary energy stack, including the e-pack, e-pump, and e-plug. Exponent Energy overcomes central issues like lithium plating and excessive heat. Through a water-based thermal management system, Exponent Energy keeps charging safe and efficient. Saving on costs, and prolonging battery life. This technology lowers the cost of EVs by 30%. Decreases charging prices by 33%, making Exponent Energy a frontrunner in India’s EV infrastructure growth.
