Alt Mobility will introduce 1,000 e-three-wheelers powered by Exponent Energy's fast-charging technology.

Exponent Energy has confidence in financers and potential EV owners alike by introducing smaller battery packs that reduced the vehicle's price and provided total transparency on battery life degradation for over 3000 cycles.

Exponent Energy has agreed to lease 1,000 Exponent-powered Altigreen neEV Tez electric three-wheelers through Alt Mobility, a commercial fleet leasing and lifecycle management platform.

The Alt Mobility platform offers full-stack integrated fleet lifecycle management, including leasing, insurance, and service management, to maximize fleet uptime while lowering operating expenses, resulting in the lowest total cost of ownership for fleet partners.

Exponent has addressed substantial barriers to financer trust caused by inadequate battery health data availability and earning potential caused by low productivity of EVs due to extended charging time in order to facilitate rapid adoption of EVs. This has resulted in 5-year financing, which has resulted in a 30% reduction in monthly EMIs.

Previously, the EV sector faced various obstacles, such as increased vehicle costs due to huge battery packs, and concerns about battery dependability and openness in EV battery health data, which resulted in limited financing alternatives.

Exponent Energy has confidence in financers and potential EV owners alike by introducing smaller battery packs that reduced the vehicle's price and provided total transparency on battery life degradation for over 3000 cycles.

Furthermore, the development of 15-minute full charging for EVs has considerably enhanced the earning potential of EV owners, which helps lessen the risk associated with loans for EVs, making it more appealing for financiers to offer competitive financing conditions.

"Alt has been at the forefront of underwriting EV technology and partnering with exceptional technology providers to co-create comprehensive leasing offerings with longer tenures and lowest monthly leases. Our data-driven asset underwriting, continuous fleet monitoring, and management are all geared toward enhancing asset bankability and extending asset life, with the ultimate goal of lowering financing costs and increasing asset resale value," Dev Arora, CEO and Co-founder of Alt Mobility, noted.

Arun Vinayak, CEO and Co-Founder of Exponent Energy said of the arrangement, "With competitive financing rates and extended EMI tenures, we are making electric mobility accessible, financially viable, and convenient. By combining this with our groundbreaking advances in 15-minute EV charging, we are enabling consumers and businesses to generate more revenue than ever before."