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Fyn Mobility Rolls Out 15-minute Full-Charge EV Fleet, To Deploy 1500 Vehicles

Fyn plans to roll out these EVs to be cross-utilised making the overall cost of operations to businesses much more affordable and open up new opportunities within the industry

Fyn Mobility Rolls Out 15-minute Full-Charge EV Fleet, To Deploy 1500 Vehicles

Outlook Start-Up Desk

POSTED ON February 17, 2023 4:21 PM

Fyn Mobility, an integrated EV ecosystem platform has partnered with Exponent Energy, an energy start-up, to simplify energy for electric vehicles (EVs). The new fleet of Altigreen’s neEV Tez along with exponent’s e^pump network will allow Fyn to operate a fleet of 15-minute full-charge EVs.

Fyn aims to re-imagine the Indian logistics and transportation experience with its IOT (internet of things) enabled smart EV fleets along with their own EV ecosystem platform that helps generate insights from these fleets and optimise overall operations to be greener and more efficient. Today, Fyn is helping businesses and delivery agglomerates in the e-commerce, quick-commerce, grocery, pharma and courier sectors to solve their last mile and micro-mobility challenges in Bengaluru, Chennai and Hyderabad.

With this partnership, Fyn plans to roll out these EVs to be cross-utilised making the overall cost of operations to businesses much more affordable and open up new opportunities within the industry.

“With Fyn’s unique EV ecosystem platform and Exponent’s 15-minute full charge technology, we are re-tuning the EV-as-a-service industry to look at cross utilisation of EVs as a metric of scale rather than just the number of EVs deployed. This partnership enables us to use a single commercial EV for two shifts covering close to 18 hrs of service which has now steadily become a reality. We believe cross utilisation is the more sustainable and eco-friendly approach in the EV logistics industry for the long run,” said Visakh Sasikumar, founder and chief executive officer (CEO) of Fyn Mobility.

"The rise in the e-commerce and logistics sector has propelled the demand for dependable last-mile delivery methods, yet most gig workers continue to struggle with high fuel costs and long charging time. With a 15-minute full charge, Fyn will be able to minimise idle time and enable multiple trips with a single Altigreen neEV Tez. To support the fleet, Exponent has already installed 20 e^pumps across Bengaluru and plans to add 80 more in the next 6 months," he added.

“This partnership is about how our rapid charging tech and e^pump network perfectly complement the FYNs platform to drive cross-utilisation and redefine last-mile logistics. Last month, in partnership with Altigreen, we launched the neEV Tez - the world’s fastest-charging 3W. We now have our e^pump network live across Bangalore and are opening up other vehicle segments, with a core focus on logistics," observed Arun Vinayak, co-founder and CEO of Exponent Energy.

"Our seamless charging experience will power Fyn’s fleet and deliver unparalleled value to end users. We’re excited by the deep bet both organisations have taken and look forward to scaling this unique solution across multiple cities and vehicle formats, starting with the neEV Tez,” he further said.

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