powered by Exponent Energy; Will deploy 1,500 vehicles
Bengaluru, February 17, 2023: The partnership between Fyn Mobility and Exponent Energy is set to redefine the last-mile logistics industry in India. By combining Fyn’s EV ecosystem platform and Exponent’s 15-minute full charge technology, the partnership will enable Fyn to become the world’s first logistics player to operate a fleet of 15-minute full charge EVs, making cross-utilization of EVs a metric of scale. With a 15-minute full charge, Fyn will be able to minimize idle time and enable multiple trips with a single Altigreen neEV Tez, reducing fuel costs and increasing efficiency. Exponent has already installed 20 e^pumps across Bengaluru and plans to add 80 more in the next 6 months to support the fleet. The partnership is a deep bet on sustainability and eco-friendliness in the EV logistics industry for the long run, and it’s expected to scale across multiple cities and vehicle formats, starting with the neEV Tez.
Commenting on this partnership, Visakh Sasikumar, Founder and CEO, Fyn Mobility shared,
“This energy packed partnership will redefine the last-mile logistics industry. With Fyn’s unique EV ecosystem platform and Exponent’s 15-minute full charge technology, we are retuning the EV-as-a-service industry to look at cross utilisation of EVs as a metric of scale rather than just the number of EVs deployed. This partnership enables us to use a single commercial EV for 2 shifts covering close to 18 hrs of service which has now steadily become a reality. We believe cross utilisation is the more sustainable and eco-friendly approach in the EV logistics industry for the long run.”
The rise in the e-commerce and logistics sector has propelled the demand for dependable last-mile delivery methods, yet most gig workers continue to struggle with high fuel costs and long charging time. With a 15-minute full charge, Fyn will be able to minimise idle time and enable multiple trips with a single Altigreen neEV Tez. To support the fleet, Exponent has already installed 20 e^pumps across Bengaluru and plans to add 80 more in the next 6 months.
Speaking on the partnership, Arun Vinayak, Co-founder, & CEO, Exponent Energy said
“This partnership is about how our rapid charging tech & e^pump network perfectly complement FYNs platform to drive cross-utilization & redefine last-mile logistics. Last month, in partnership with Altigreen, we launched the neEV Tez – the world’s fastest charging 3W. We now have our e^pump network live across Bangalore, and are opening up other vehicle segments, with a core focus on logistics.
For fleets – utilisation is key. While the vehicle and network is ready to provide, FYN’s technology stack is key to extracting it. Their treasure trove of insights help optimise operations & push the limits on cross-utilisation.
Our seamless charging experience will power Fyn’s fleet and deliver unparalleled value to end users. We’re excited by the deep bet both organisations have taken and look forward to scaling this unique solution across multiple cities & vehicle formats, starting with the neEV Tez.”
