Hyderabad: Arun Vinayak, Ather Energy’s founding partner and former chief product officer has embarked on a new journey in the electric vehicle (EV) space with the launch of Exponent Energy in Bengaluru. Sanjay Byalal, his colleague at Ather Energy and a former HUL supply chain and operations manager, has joined Arun, as a co-founder to drive Exponent’s larger vision for the EV industry, enabling faster charging.
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 products. It is aiming for deployment of the rapid charging solution in January 2022.
The first line of products is a battery pack and charging station called E-pack & E-pump that together unlock a 0 to 100 per cent rapid charge within 15 minutes for commercial vehicles with any number of wheels, using lithium-ion cells & delivering a 3,000-cycle life warranty.
Regular charging solutions take anywhere between 4 and 8 hours to deliver a full charge. Most batteries last only three years, primarily because of significant degradation during charging. The best fast charging solutions in India are restricted to a few premium EVs, do a full charge within 50 minutes & have several caveats.
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.”
He added, “The Indian EV space has massive potential ($206 billion 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 per cent of total vehicles sold in the country yet consume 70 per cent 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 fulfil this demand, we intend to actively collaborate with all industry players & regulatory bodies.”