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Exponent Energy Electrifies Bengaluru: Converts 200 Autorickshaws to EVs in 24 Hours
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CNBC TV18•21-09-2026, 13:07
Exponent Energy Electrifies Bengaluru: Converts 200 Autorickshaws to EVs in 24 Hours
- •Bengaluru-based Exponent Energy retrofitted 200 ICE autorickshaws into EVs, securing a 20% share of the city's electric three-wheeler market.
- •The company's OTO platform converts LPG/CNG autorickshaws to electric in 24 hours, combining battery tech, powertrain, and software.
- •The retrofit kit offers a 140-150 km range, 0-100% charge in 15 minutes, and a five-year/3,000-cycle warranty, compatible with standard charging points.
- •Drivers save significantly, with monthly costs dropping from ₹17,860 for CNG/LPG to ₹12,500 for OTO, financed through a battery subscription and unlimited charging package.
- •Exponent Energy has powered over 3,500 EVs, installed 200+ charging stations, and completed 2 million rapid charging sessions across India, raising $65.7 million in funding.
Key Questions Answered
Exponent Energy can convert an existing LPG or CNG autorickshaw into an electric vehicle within 24 hours using its OTO platform.
Drivers save ₹5,360 a month during the first three years compared to running a CNG/LPG vehicle. Once the battery subscription period ends, monthly savings increase to ₹12,860 as the subscription fee is no longer required.
Exponent Energy has raised a total of $65.7 million across its Pre-Series A, Series A, and Series B investment rounds.
