Exponent Energy and Park+ to enter partnership for setting up rapid EV charging stations

12 Dec 2022 , 08:27 AM

One thousand charging stations will be installed throughout India by the end of 2023, beginning in Bengaluru, thanks to a cooperation between Exponent Energy, an EV energy business, and Park+, a top app for auto owners.

By utilizing the real estate and public parking spots available to Park+, the cooperation will assist Exponent in developing a dense e-pump network. Charger anxiety has replaced range anxiety as the concern that Exponent and Park+ are working to address.

The installation of charging stations will be marketed as “Park+ EV Zones powered by Exponent” and distributed throughout high-demand car deployment hotspots and toward high EV usage locations.

Recently, Exponent and Altigreen Propulsion Labs announced a cooperation to create the fastest-charging electric three-wheeler in the world.

Lightspeed, YourNest VC, 3one4 Capital, AdvantEdge VC, Motherson Group, and the family office of Dr. Pawan Munjal, Chairman and CEO of Hero MotoCorp, have all contributed to Exponent’s $18 million in funding to date.

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