Tiger New Energy
Empowering affordable clean mobility in Bangladesh
Dhaka, Bangladesh · Founded 2021 · $3.5M raised
- Headquarters
- Dhaka
- Employees
- 51–200
- Founded
- 2021
- Website
- tigernewenergy.com
- Total Funding
- $3.5M
- Last Round
- $1.0M Extension RoundJun 2024
- Rounds
- 2
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
About
Tiger New Energy is a Dhaka-based clean mobility company founded in 2021 by Harvard MBA alumni Yiwei Zhu and Nicole Mao. The company operates a battery-swapping-as-a-service network for electric two- and three-wheelers in Bangladesh, providing GPS-embedded lithium-ion batteries that riders can swap at station locations in under one minute. Rather than owning a battery, drivers subscribe to daily battery access, dramatically reducing the upfront cost of EV adoption. Tiger New Energy has over 500 swap partners and 800+ batteries deployed across its network, reducing carbon emissions and supporting Bangladesh's transition to clean mobility.
Summary
Tiger New Energy is an Automotive company based in Dhaka, Bangladesh, founded in 2021. It has raised $3.5M in total across 2 rounds, most recently a $1.0M Extension Round in Jun 2024. Investors include ADB Ventures, Wavemaker Partners and Orvel Ventures.
Tech & App Stack
1 technology or app tracked
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Funding History
Jun 2024
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Funding: Seed through Extension Round. Amounts, valuations, and investors where available.
Investors
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