Launch · Mobility & Logistics

Exponent Energy opens first retail store in Bengaluru

By Startup Enthusiast · 1 December 2025

What they do

Exponent Energy makes batteries and chargers that give electric three-wheelers a 15-minute full charge

It opened its first Exponent Sales Point store in Laggere, Bengaluru, showcasing all its vehicle models and retrofit service

The store also converts CNG or LPG autos to electric in 24 hours, saving drivers up to ₹5,000 a month

Exponent Energy opened its first Exponent Sales Point (ESP) store in Laggere, Bengaluru.
The store displays the full range of Exponent-enabled three-wheelers and serves as a single-stop customer point.
It also functions as a retrofit centre that converts CNG/LPG passenger three-wheelers to electric.
Auto drivers can explore vehicles, try 15-minute rapid charging, learn the retrofit process, and take test drives.
Exponent has launched 5 three-wheeler models with OEM partners Montra Electric (Murugappa Group) and Kinetic Green.
Each vehicle carries a five-year warranty or 3,000 charging cycles.
Exponent provides access to 70+ charging points across Bengaluru.
In November 2025, Exponent launched its EV retrofit business with Exponent Oto technology.

The store makes it easier for auto drivers to switch to electric by offering all models, financing, and retrofit under one roof.
Exponent's 15-minute rapid charging and 3,000-cycle battery warranty address key barriers to EV adoption in the three-wheeler segment.
The retrofit option with zero down payment and assured buyback lowers the upfront cost for drivers.

Exponent Energy developed a battery pack (e^pack), charging station (e^pump), and charging connector (e^plug) that enable 15-minute rapid charge and 3,000 cycle life warranty on affordable Li-ion cells.
The company has launched 5 three-wheeler models with OEM partners Montra Electric (Murugappa Group) and Kinetic Green.
Exponent Oto converts any CNG or LPG auto into an electric vehicle in 24 hours, with zero down payment, flexible EMIs, and assured buyback after three years.
The retrofit saves drivers up to ₹5,000 per month after charging and EMI costs.
Exponent provides access to 70+ charging points across Bengaluru.

Exponent plans to add 15+ touchpoints across Bengaluru by the end of FY26.

Lightspeed (investor)
Eight Roads Ventures (investor)
YourNest VC (investor)
3one4 Capital (investor)
AdvantEdge VC (investor)
Family office of Dr. Pawan Munjal (investor) — Chairman & CEO of Hero MotoCorp.

Product: Proprietary battery packs and rapid-charging stations that fully charge EVs in 15 minutes
Customers: Commercial EV fleet operators and transportation companies
How it makes money: Infrastructure deployment with financing solutions for fleet operators
What sets it apart: Uses standard lithium-ion cells with interoperable charging infrastructure
Operations: Operates charging stations across Indian cities with expandable network