Magenta Mobility to roll-out 15-min rapid charging Electric Vehicle Fleet; Partners with Altigreen and Exponent
Magenta Mobility has joined hands with Altigreen Propulsion Labs and energy-tech start-up Exponent energy to roll out a 15-minute rapid charging Electric Vehicle (EV) fleet, a joint announcement was made on Tuesday.
Altigreen’s neEV Tez fully charges in 15-minutes and Exponent’s e^pump network, responsible for development of the rapid charge technology, together with Magenta aim to take India’s last mile logistics to the next level and to reduce operational costs for businesses across the country.
Commenting on this partnership, Maxson Lewis, Founder and Managing Director at Magenta Mobility said that through this partnership with Exponent and Altigreen, the company eyes setting new standards for efficiency and a greener India.
“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,” he added.
The company completed a 3-month pilot, Magenta, Altigreen and Exponent are set to deploy 1000 Altigreen neEV Tez powered by Exponent over the next 12 months.
“To support the fleet, Exponent has already installed 30 e^pumps across Bengaluru. New locations will be identified and e-pumps setup in other cities, allowing the EV fleets to conveniently charge on the go,” the joint press release said.
Earlier in April this year, Electric mobility solutions provider Magenta had closed a Series A1 funding round with $22 million equity investment from the UK-headquartered bp and Morgan Stanley India Infrastructure-managed investment fund.
The Pune-based company has 750 electric vehicles operating in the last-mile delivery space across seven cities- Bengaluru, Delhi, Mumbai, Hyderabad, Gurugram, Mysuru and Noida – catering to some of the leading e-commerce, food and online delivery players in the country.
It also operates 35 charging and parking hubs in these cities.