Exponent aims to simplify energy for EVs by building a Flexible Energy Stack: a technology that enables seamless flow of energy & information between the grid & vehicle to unlock a universe of products.
Arun Vinayak, Ather Energy’s Founding partner and former Chief Product Officer, is embarking on a new journey in the EV space with the launch of Exponent Energy. Sanjay Byalal, his colleague at Ather Energy and a former HUL supply chain & operations manager, has joined Arun, as a Co-Founder to drive Exponent’s larger vision for the EV industry.
Exponent aims to simplify energy for EVs by building a Flexible Energy Stack: a technology that enables seamless flow of energy & information between the grid & vehicle to unlock a universe of products.
The first line of products is a battery pack & charging station called E-pack & E-pump that together unlock a 0 to 100% rapid charge within 15 minutes for commercial vehicles with any number of wheels. All while using affordable Lithium-ion cells & delivering a 3000 cycle life warranty.
For context:
1. Regular charging solutions take anywhere between 4 to 8 hours to deliver a full charge.
2. Most batteries last only 3 years – primarily because of significant degradation during charging.
3. The best fast charging solutions in India are restricted to a few premium EVs, do a full charge within 50 minutes & have several caveats.
Elaborating on his vision, Arun Vinayak, Co-founder, Exponent Energy said “The 0 to 1 shift where EVs drive better than ICE vehicles has happened. However, the 1 to 100 scale is shackled by how complex & disrupted energy flow is for EVs today – specifically between chargers and batteries leading to terrible charge times and battery life. The Indian EV space has massive potential ($206 Bn cumulatively by 2030). But to get there, we need to simplify energy for EVs by solving crucial deep tech problems. A rapid charging solution agnostic of battery capacity, cell chemistry & the number of wheels on a vehicle is the first of many innovations that will unlock exponential scale for everyone”.
Commenting on their go-to-market strategy, Sanjay Byalal, Co-founder, Exponent Energy said “In India, commercial vehicles today roughly represent 10% of total vehicles sold
in the country yet consume 70% of on-road energy. It’s an energy-hungry segment rushing to go electric and needs a dependable rapid charging network that lets them keep going. To fulfill this demand, we intend to actively collaborate with all industry players. & regulatory bodies.”
Source: Business World
