Exponent Energy claims to have built the world’s third 1 MW charging technology, after Tesla & Siemens – in India
The OSM Stream City Qik is equipped with a 8.8 kWh battery pack that has a claimed range of 126 kilometres
The firm is aiming to clock a revenue of Rs 600 crore by 2025 by expanding to three-wheeler cargo, three-wheeler passenger and e-bus, Vinayak said.
The company has collaborated with Exponent Energy to enable rapid charging for its vehicles
The company, in a statement, said it is looking to expand its operations to Delhi NCR, Mumbai, Hyderabad, Chennai and Ahmedabad by the end of this fiscal and is targeting to deploy 1,000 charging stations and 25,000 EVs powered by Exponent, by 2025.
The Bengaluru-based startup plans to use the funds to scale up EV charging infrastructure e-pump network to 100 location points per city and also plans to streamline its battery pack offering
The funds raised will be used to kickstart the startup's commercial operations in early 2022, starting with Bengaluru and then expanding it to multiple cities