Magenta Partners With Altigreen And Exponent To Deploy 15-Minute Rapid-Charging EV Fleet

Magenta Is all set to deploy 1000 Altigreen neEV Tez electric three-wheelers powered by Exponent that can be fully charged in just 15 minutes. Here’s everything you need to know to stay up to speed.

Magenta Mobility has joined forces with Altigreen Propulsion Labs and Exponent Energy to enable efficient cross-utilization of products and services to enhance last-mile logistics. Under the partnership, Magenta is set to deploy 1000 Altigreen neEV Tez electric three-wheelers powered by Exponent over the next 12 months in India.

Magenta assists businesses and delivery conglomerates in different sectors such as e-commerce, quick-commerce, grocery, pharma, and courier across 9 cities, to help find solutions to the last-mile and mobility challenges.

With Altigreen’s expertise in manufacturing high-performance electric three-wheelers and Exponent’s 15-minute rapid charging technology, Magenta plans to enable cross-utilisation in order to reduce operational costs for businesses in India.

Magenta, Altigreen And Exponent Comments:

Maxson Lewis, Founder and Managing Director at Magenta Mobility, said, “By rapid charging in 15 minutes, we will be able to cross-utilise our fleet enabling us to save time and reduce our operational costs. This partnership exemplifies our commitment to decarbonising logistics in India by delivering innovative and sustainable e-mobility solutions.

Dr Amitabh Saran, Founder & CEO of Altigreen, said, “Altigreen’s neEV Tez demonstrates that EVs are not only more economical than their fossil-fuel counterparts, but they can also provide much-increased earnings through 20-hr usage.

Altigreen’s pan-India, EV only, dealership network will provide the Exponent-powered neEV Tez for deployment by Magenta across India,” he added.

Arun Vinayak, Co-founder and CEO of Exponent Energy, said, “The NeEV Tez and the e-pump network perfectly complement Magenta’s platform and infrastructure to revolutionise the last-mile segment.

Related Link: Altigreen Teams Up with Sundaram Finance and Indian Bank to Simplify 3-Wheeler EV Buying

Altigreen NeEV Tez: What Makes It Special?

The Altigreen NeEV Tez is claimed to be the world’s fastest-charging three-wheeler featuring Exponent’s three-in-one connector. According to Altigreen, the three-wheeler takes only 15-minutes to charge from 0 to 100 percent.

The NeEV Tez also comes with a 3000-cycle battery life warranty along with a 100 percent rapid charging ability. It even gets an extensive warranty of 5 years/1 lakh km on the vehicle and a battery warranty of 1.5 lakh km.

Further, the NeEV Tez delivers an ARAI-certified driving range of 98km/per charge and can reach speeds of up to 53kmph. It also has a gradeability of 18 percent and a ground clearance of 220mm. Apart from these, the vehicle comes with a 5-inch digital display and telematics for better driver performance and fleet management.

The Altigreen NeEV Tez is available for purchase at a starting price of Rs. 3.55 lakh (ex-showroom) in India, making it one of the most affordable, high-performance electric three-wheelers in the country.

Other Electric Three-Wheelers In India:

Although the Altigreen NeEV Tez is the only electric three-wheeler in India that can charge from 0 to 100 percent in just 15-minutes, there are other brands offering similar products in the market with excellent range. Let’s take a look at them:

Euler HiLoad EV 2023: The HiLoad EV 2023 is an electric three-wheeler from Euler that comes with a 12.96kWh battery pack. The three-wheeler has the capacity to deliver a 170km ARAI-certified range and comes with a 688kg payload. It gets halogen headlamps and 200 mm front disc brakes for better driveability and safety. 

The Euler HilLoad EV 2023 is available for purchase at a starting price of Rs. 3.79 lakh (ex-showroom) in India.

OSM Rage Plus: The Rage Plus is an electric three-wheeler from Omega Seiki Mobility that comes with a 10.8kWh battery pack which takes 3-4 hours to fully charge.

The electric cargo haulage three-wheeler has the capacity to deliver a 120km range and comes with a 500kg payload. It also has a ground clearance of 240mm and gets drum brakes at all ends. The OSM Rage Plus is available for purchase at a starting price of Rs. 3.70 lakh (ex-showroom) in India.

While these electric three-wheelers are top-notch in terms of performance, the charging performance that Atigreen NeEV Tez offers is yet to be challenged. However, it might be right to assume that other automakers are planning to launch similar-grade products in the near future.

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