Having conducted tests on its 15-minute rapid charging proprietary battery pack, e^pack, the company has claimed that it experienced just 13 percent degradation after 3,000 fast charging cycles.
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Li-ion cells experience a decline in health (charge capacity) as they undergo cycles of full charge and discharge and rapid charging acts as a catalyst in the process, making the battery health degrade quicker. However, Exponent’s LFP-based battery pack maintained 87 percent of its health after being put through 3,000 fast charging cycles.
As per Arun Vinayak, CEO and Co-Founder, Exponent Energy, this is an industry-first achievement from the company. More so, it becomes remarkable as in comparison, there’s been a 30 percent degradation of EV batteries after going through 1,500 slow charging cycles.
Recently, the company partnered with commercial fleet leasing platform Alt Mobility to lease 1,000 Altigreen neEV Tez electric three-wheelers that support 15-min rapid charging. These EVs are powered by Exponent’s battery packs. The duo also introduced 5-year financing plans for EVs, thereby reducing EMIs by up to 30 percent.
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