Atul Auto, one of India’s most established three-wheeler manufacturers, and Exponent Energy, a Bengaluru-based energy company building the world’s fastest charging energy ecosystem for commercial vehicles, have announced a strategic partnership to jointly develop and deploy fast-charging electric 3-wheelers. The companies have also committed to a minimum of 15,000 Exponent-powered 3-wheeler passenger vehicles over three years, representing one of the largest scale-up of fast-charging EVs in the segment. This is an important step towards bringing together Atul Auto’s decades-old heritage in three-wheeler manufacturing and Exponent Energy’s successful technology.
Under this collaboration, Atul Auto’s vehicles will be integrated with Exponent Energy’s OTO three-wheeler mobility platform – an integrated architecture that will bring together best-in-class battery technology, powertrain systems and vehicle software. Proven in retrofit deployment, the platform is now being extended to OEM-integrated new vehicles through this partnership. Beyond Exponent’s own 15-minute rapid charging network, the platform is interoperable and works seamlessly with standard public and home charging infrastructure, giving drivers the flexibility to choose where to charge on a daily basis.
Exponent’s proprietary technology enables fast charging in 15 minutes – the fastest globally for commercial vehicles, while providing consistent performance under intensive daily operations. The system is backed by a 2 lakh km warranty, which addresses key concerns regarding battery life and resale value in commercial EV deployment.
For Atul Auto customers, this translates into greater freedom and flexibility with better earnings due to faster turnaround time, higher vehicle availability and lower operating costs compared to conventional electric three-wheelers.
Exponent Energy recently announced Exponent One, an EV financing platform led by Sandeep Divakaran, which will also support financing for this variant. These offerings will include embedded insurance and structured buyback options, aimed at reducing barriers to ownership and improving affordability.
Commenting on the partnership, Arun Vinayak, CEO and Founder, Exponent Energy, said, “With Atul Auto, we are bringing together fast charging, financing access and proven vehicle platform technology at scale. Our mission is to make electric the better choice, which means addressing the real barriers to adoption. Atul Auto’s strong manufacturing heritage and deep understanding of the three-wheeler market make them a natural partner as we expand our mobility platform into OEM-integrated vehicles and at much larger scale.” But enable adoption.”
Speaking on the announcement, Neeraj Chandra, Managing Director, Atul Auto, said, “Atul Auto has built a strong legacy of delivering reliable and high-quality three-wheelers to customers across India. This partnership with Exponent Energy allows us to bring cutting-edge rapid charging technology to our portfolio, accelerating our transition towards electric mobility as well as enabling a significantly enhanced value proposition for our customers.”
Atul Auto and Exponent Energy aim to accelerate the adoption of electric mobility in one of India’s fastest growing commercial vehicle sectors by combining reliable manufacturing scale with charging technology.
