Atul Auto and Exponent Energy Partner to Launch 15-Minute Rapid Charging Passenger 3-Wheelers; Commit 15,000 Vehicles

Atul Auto and Exponent Energy Partner to Launch 15-Minute Rapid Charging Passenger 3-Wheelers; Commit 15,000 Vehicles​

Bengaluru, April 24, 2026: Atul Auto, a prominent three-wheeler manufacturer in India, and Exponent Energy, a Bengaluru-based energy company specializing in commercial vehicle charging, have announced a strategic partnership. The collaboration aims to jointly develop and deploy rapid charging electric 3-wheelers, backed by a commitment to a minimum of 15,000 Exponent-powered three-wheeler passenger vehicles over the next three years. This represents one of the largest-scale initiatives for rapid charging electric vehicles in the segment, leveraging Atul Auto’s extensive manufacturing history and Exponent Energy’s advanced technology.

Under the new partnership, Atul Auto’s vehicles will utilize Exponent Energy's OTT three-wheeler mobility platform. This platform integrates best-in-class battery technology, powertrain systems, and vehicle software. While the platform has proven itself in retrofit deployments, the partnership extends its application to OEM-integrated new vehicles.

Exponent's proprietary technology enables a rapid charge in 15 minutes, cited as the fastest globally for commercial vehicles, while ensuring consistent performance even during intensive daily operations. The system is further assured by a 2 Lakh km warranty, addressing major concerns related to battery life and resale value in commercial EV operations.

The integrated platform is designed to offer maximum flexibility. Beyond Exponent’s dedicated 15-minute rapid charging network, the system is interoperable, functioning seamlessly with standard public and home charging infrastructure.

For Atul Auto customers, this transition offers enhanced operational freedom and efficiency. The improvements include better earnings potential due to faster vehicle turnaround times, higher vehicle availability, and reduced overall operating costs compared to conventional electric three-wheelers.

The initiative is supported by Exponent Energy’s recently announced financing platform, Exponent One, led by Sandeep Divakaran. This platform will also facilitate financing for the new variant, offering embedded insurance and structured buyback options designed to improve affordability and lower ownership barriers.

Arun Vinayak, CEO and Founder of Exponent Energy, stated that the collaboration brings rapid charging, financing access, and proven vehicle platform technology together at scale. He noted that Atul Auto’s strong manufacturing legacy and deep market understanding make the company a natural partner for scaling the mobility platform into OEM-integrated vehicles.

Similarly, Neeraj Chandra, Managing Director of Atul Auto, highlighted that the partnership enables the company to bring cutting-edge rapid charging technology to its portfolio. He added that this significantly enhances the value proposition for customers while accelerating Atul Auto's shift towards electric mobility.

The partnership seeks to accelerate electric mobility adoption within India’s fast-growing commercial vehicle sector by combining trusted manufacturing scale with advanced charging technology.

Company Snapshot​

A comparative look at the key data points of the involved entities:


Atul Auto is recognized as a leading global manufacturer of 3-wheeled vehicles. In the last five years, the company’s production turnover has grown three fold, with a significant presence across 25 states in India. Exponent Energy, founded in 2020, operates a full-stack energy platform that combines the battery pack, pump, and connector to create a holistic charging ecosystem.

ATULAUTO Stock Price Movement​

Shares of Atul Auto Limited are gaining momentum, trading at ₹513.7 as of 9:26 AM today, having surged 8.48% in live market trading. The stock is attracting considerable interest, evidenced by the day's trading volume of 903,599 shares.