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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Bengaluru-based startup has expanded into EV retrofitting and lending after trying to make it as a pure-play charging company. Can it find any takers this time around?
When Exponent Energy entered India's electric vehicle market in 2020, it set out to solve one of the industry’s most formidable problems: reducing the time it takes for an EV to charge. The Bengaluru-based startup claimed that its energy stack—combining a battery pack, a charging station and a connector—could fully charge electric three-wheelers in just 15 minutes. But a technological breakthrough is one thing; building a sustainable business around it is quite another.
Six years on, the company is having a hard time finding enough clients for its quick charging system. To overcome this challenge, it has changed course. Since …
