Exponent Energy enters the three-wheeler EV retail business

Exponent Energy, a Bengaluru-based energy-tech company, has opened its first Exponent Sales Point (ESP) Store in Laggere, Bengaluru. The outlet will showcase the full range of Exponent-enabled three-wheelers and serve as a one-stop destination for customers. The store will also operate as a retrofit touchpoint for converting existing CNG/LPG passenger three-wheelers into electric vehicles.

The store creates a direct and convenient access point for auto drivers to explore Exponent-enabled vehicles, experience 15-minute rapid charging, understand the retrofit process, and even take test drives. Drivers can also drop off their CNG or LPG autos and pick up their EV retrofits within 24 hours. With this foundation in place, Exponent is now gearing up to add 15+ touchpoints across Bengaluru by the end of FY26.

To date, Exponent has launched 5 three-wheelers in partnership with leading OEMs such as Montra Electric (the Murugappa Group), Kinetic Green, and others. The store brings all Exponent-enabled models under one roof, allowing customers to explore and purchase with easy financing options and minimal documentation. Every vehicle comes with a five-year warranty or 3,000 charging cycles. With 0-100% 15-minute rapid charging and access to Exponent’s 70+ charging points across Bengaluru, the company aims to make the shift to electric practical and hassle-free.

Reflecting on this new step, Ayush Bhargava, Head of Business, Exponent Energy, said, “Our first ESP store gives drivers a firsthand experience of the full Exponent ecosystem, from exploring our range of Exponent-enabled vehicles to seeing how existing vehicles can be upgraded. This is a buying experience auto drivers have never had before, combining clarity, choice and convenience under one roof. With this store, we are setting the foundation for a faster, more accessible EV transition and plan to replicate this model across more cities soon. When drivers see how easily they can switch to EVs at lower running costs, the shift becomes inevitable.”

In November 2025, Exponent Energy also entered into the EV retrofit business with its newly launched retrofit technology, Exponent Oto, capable of converting any CNG or LPG auto into an electric vehicle in just 24 hours. With zero down payment, flexible EMIs, EMIs and an assured buyback after three years, Exponent makes the transition to electric simple. Exponent Oto allows drivers to save up to ₹5,000 every month, even after accounting for charging and EMI costs.

Co-founded in 2020 by ex-Ather executives Arun Vinayak and Sanjay Byalal, the company has worked on their battery pack (e^pack), charging station (e^pump), and charging connector (e^plug) that together unlock a 15-minute rapid charge and give a 3,000-cycle life warranty for EVs (a new industry standard)—all done on a range of affordable Li-ion cells.

Since then, Exponent Energy has now come a long way, with 2500+ EVs powered by Exponent tech on the roads of India, 150+ charging stations, over 1 Mn+ rapid charging sessions completed, and over 50 Mn km covered. Under their leadership, Exponent has cracked the code of scalability in the Indian EV ecosystem and, within just 2 years, has expanded to 4 new cities.