Magenta Mobility, Altigreen & Exponent join forces to roll out 15-minute rapid charging EV fleet

Magenta Mobility, an electric mobility and charging solutions provider, has partnered with Exponent Energy, an energy tech startup, and Altigreen Propulsion Labs, a leading electric commercial vehicle manufacturer. 

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. 

Magenta said it is revolutionising the logistics and transportation landscape in India through its integrated electric mobility solutions, encompassing Electric Vehicles, Charging Infrastructure, Software Solutions, and Daily Operations.

According to the startup, This integrated approach offers end-to-end solutions to customers, enabling them to harness the benefits of greener and more efficient operations while generating valuable insights from their fleets.

At present, 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 effectively.

As part of this partnership, Magenta plans to enable efficient cross-utilization, resulting in significantly reduced operational costs for businesses across India.

Commenting on this partnership, Maxson Lewis, Founder & Managing Director at Magenta Mobility, said, “Through our partnership with Exponent & Altigreen, we are setting new standards for efficiency and convenience in last-mile logistics. 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. This partnership exemplifies our commitment to electrifying and decarbonizing logistics in India by delivering innovative and sustainable e-mobility solutions. Together we are paving the way for a greener & cleaner future.” 

Magenta, Altigreen, and Exponent aims to deploy 1000 Altigreen neEV Tez powered by Exponent over the next 12 months, the release said.

Talking about the partnership, Amitabh Saran, Founder & CEO, Altigreen, said, “We are proud to be associated with the two stalwarts of the EV industry, and together pushing the boundaries of EV utilization. Altigreen’s neEV Tez demonstrates that EVs are not only more economical than their fossil-fuel counterparts, but they can also provide much-increased earnings through 20-hr usage. Altigreen’s pan-India, EV only dealership network will provide the Exponent-powered neEV Tez for deployment by Magenta across India.”

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