How much funding has Tiger New Energy raised?

Tiger New Energy has raised $3.5M in total funding, most recently a Extension Round.

Who are Tiger New Energy's investors?

Tiger New Energy's investors include ADB Ventures, Wavemaker Partners, Humble Ventures, 500 Global, 500 Tuk Tuks.

When was Tiger New Energy founded?

Tiger New Energy was founded in 2021.

Where is Tiger New Energy headquartered?

Tiger New Energy is headquartered in Dhaka, Bangladesh.

What industry is Tiger New Energy in?

Tiger New Energy operates in Automotive.

How many employees does Tiger New Energy have?

Tiger New Energy has 51-200 employees.

Tiger New Energy

Empowering affordable clean mobility in Bangladesh

Dhaka, Bangladesh · Founded 2021 · $3.5M raised

Automotive

Headquarters: Dhaka
Employees: 51–200
Founded: 2021
Website: tigernewenergy.com

Total Funding: $3.5M
Last Round: $1.0M Extension RoundJun 2024
Rounds: 2

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 round in Jun 2024. Investors include ADB Ventures, Wavemaker Partners and Humble Ventures.