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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 …
A proposed Rs 12,000 crore incentive shifts the focus to components after the first scheme fell short. But raw material dependence, gaps in technology and China’s dominance remain.
The startup isn’t sure where its future lies—in electric motorcycles or the more recently announced electric scooter? Unsurprisingly, none of the products have amounted to anything so far.
The EV maker is turning to gig-worker rentals to absorb its scooter output. But questions on cost, competition and execution make its latest pivot uncertain.
