Atul Auto and Exponent Energy Partner to Launch 15-Minute Rapid Charging Passenger 3-Wheelers

Atul Auto, one of India's most established three-wheeler manufacturers, and Exponent Energy, the 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 rapid 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-ups of rapid charging EVs in the segment. This marks a significant step in bringing together Atul Auto's decades-long legacy in three-wheeler manufacturing and Exponent Energy's breakthrough technology.

Under this collaboration, Atul Auto's vehicles will be integrated with Exponent Energy's OTO threewheeler mobility platform - a unified architecture bringing together best-in-class battery technology, powertrain systems, and vehicle software. Proven in retrofit deployments, 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 15 minutes rapid charge - the fastest globally for commercial vehicles while delivering consistent performance under intensive daily operations. The system is backed by a 2 Lakh km warranty, addressing key concerns around battery life and resale value in commercial EV deployments.

For Atul Auto customers, this translates into more freedom and flexibility with better earnings driven by faster turnaround times, higher vehicle availability, and reduced 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 lowering barriers to ownership and improving affordability.

Commenting on the partnership, Arun Vinayak, CEO and Founder of Exponent Energy, said, "With Atul Auto, we are bringing rapid charging, financing access, and proven vehicle platform technology together at scale. Our mission is to make electric the better choice, which means addressing the real barriers to adoption. Atul Auto's strong manufacturing legacy and deep understanding of the threewheeler market make them a natural partner as we scale our mobility platform into OEM-integrated vehicles and enable adoption at a much larger scale."

Speaking on the announcement, Neeraj Chandra, Managing Director, 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, enabling a significantly enhanced value proposition for our customers while accelerating our transition towards electric mobility."

Together, Atul Auto and Exponent Energy aim to accelerate the adoption of electric mobility in one of India's fastest-growing commercial vehicle segments by combining trusted manufacturing scale with charging technology.

Shares of Atul Auto Limited was last trading in BSE at Rs. 498.95 as compared to the previous close of Rs. 475.35. The total number of shares traded during the day was 395424 in over 9771 trades.

The stock hit an intraday high of Rs. 524.00 and intraday low of 491.20. The net turnover during the day was Rs. 200763568.00.

Source : Equity Bulls

Keywords

AtulAuto INE951D01028 3Wheelers Partnership ExponentEnergy 15Minutes RapidCharging