We study observational constraints on cosmological models with a quintessence arises from moduli fields. The scalar field potential is given by a double exponential potential V=V_0 exp(-A e^{sqrt{2} kappa phi}). After reviewing the properties of the solutions, from a dynamical systems phase space analysis, we consider the constraints on parameter values imposed by luminosity distances from the 60 Type IA supernovae published by Perlmutter et al., and also from gravitational lensing statistics of distant quasars. We also update the constraints on models with a single exponential potential V=V_0 e^{-lambda kappa phi}.
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