Magenta Mobility, Altigreen, and Exponent Partner to Launch 15-Minute Rapid Charging EV Fleet

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Updated On: 27-Jun-2023 07:17 AM

Magenta Mobility wants to set new standards for efficiency and convenience in last-mile logistics. The company will be able to cross-utilize its fleet by charging it in 15 minutes.

Magenta is currently extending its expertise to help businesses and delivery conglomerates in various industries such as e-commerce, quick-commerce, grocery, pharma, and courier handle their last mile and mobility concerns throughout 9 cities.

Magenta Mobility, a provider of electric mobility and charging solutions, has partnered with Exponent Energy, an energy-tech firm, and Altigreen Propulsion Labs, an electric commercial vehicle manufacturer, to install 1,000 neEV Tez e3Ws powered by Exponent's technology. The collaboration was formalized following a three-month pilot between the three organizations.

Altigreen's neEV Tez reveals that EVs are not only more cost-effective than their fossil-fuel counterparts, but they can also deliver much higher earnings over a 20-hour period.

It has already deployed 30 e^pumps across Bengaluru to support the fleet with Exponent's technology, which can charge EVs fully in 115 minutes. New locations will be discovered, and e^pumps will be installed in other cities to allow EV fleets to charge on the go.

Magenta Mobility wants to set new standards for efficiency and convenience in last-mile logistics. The company will be able to cross-utilize its fleet by charging it in 15 minutes, saving time and lowering our operational costs.

"We are proud to be associated with the two stalwarts of the EV industry, and together pushing the boundaries of EV utilization," stated Dr Amitabh Saran, Founder & CEO of Altigreen.

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Exponent's epump network enables Magenta to achieve unmatched utilisation, freedom, and flexibility in last-mile logistics. Magenta is transforming India's logistics and transportation industry with its complete electric mobility solutions, which include Electric Vehicles, Charging Infrastructure, Software Solutions, and Day-to-Day Operations.

This integrated strategy provides customers with end-to-end solutions, allowing them to reap the benefits of greener and more efficient operations while producing important insights from their fleets.

Magenta intends to enable efficient cross-utilization, resulting in significantly reduced operational costs for businesses across India, by leveraging Altigreen's expertise in developing and distributing high-performance EVs with unrivalled specifications, unrivalled telematics data, and the highest volumetric load capacity, as well as Exponent's 15-minute rapid charging technology.