Magenta Mobility has partnered with Altigreen Propulsion Labs and Exponent energy to launch a 15-minute rapid charging Electric Vehicle fleet. The Altigreen neEV Tez can be fully charged in 15 minutes will enable Magenta to take India s last mile logistics to the next level and reduce operational costs. The companies are set to deploy 1,000 Altigreen neEV Tez over the next 12 months, with 30 e^pumps already installed in Bengaluru.
The company plans to deploy the freshly raised capital in fleet and geographical expansion besides investing a part of the funds in technology-build as it focuses on sustainable and profitable growth, Maxson Lewis, Founder and Managing Director, Magenta Mobility said.
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