Tiger New Energy provides a lithium-powered battery infrastructure for rickshaw drivers in Bangladesh, offering a convenient and affordable battery-swapping system that brings multiple benefits, including unlimited swaps and increased income.
Problem
- Lack of reliable power: Bangladesh’s 3 million rickshaw drivers lack the access to a dependable, competitively priced, and environmentally friendly power source.
- Dependence on outdated batteries: Drivers currently rely on slow-charging, lead-acid batteries, powered by a national grid plagued by daily outages.
- Multiple issues with lead batteries: These batteries are expensive, costing $200-500, have long charging time (4-6 hours), contain toxic materials, and have a short lifespan.
Solution
Tiger New Energy offers a lithium-powered battery infrastructure for rickshaw drivers in Bangladesh, providing them with a competitive alternative to outdated batteries.
- Affordable and convenient solution: For just $1.5 per day, drivers can upgrade to unlimited lithium battery usage through a simple and convenient swapping system.
- Other key benefits: The service includes tap-and-go payment options, unlimited swaps, and increased income potential since drivers no longer need to spend hours waiting for batteries to charge. Overall, the solution contributes to a safer and greener environment for Bangladesh.
Media Links
Type
Focus Area
Sustainability
Capital Raised (US$)
1M to 5M
Operational HQ
Bangladesh
SECTOR
Advanced Materials & Chemicals and CleanTech
status
Current
founders
Yiwei Zhu, Jingwen Mao
partnered
2023
exited
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