About Tiger New Energy Co Ltd

The startup manufactures reusable batteries and utilizes a battery-swapping technology that enables users to quickly replace depleted batteries with fully charged ones. This approach facilitates the adoption of electric vehicles in emerging markets, reducing carbon emissions and enhancing mobility for underserved populations.

```xml <problem> Electric vehicles in emerging markets face barriers to widespread adoption due to long charging times and range anxiety, hindering mobility and economic opportunities, especially for underserved populations relying on these vehicles for their livelihoods. The lack of convenient charging infrastructure and the upfront cost of batteries further exacerbate these challenges. </problem> <solution> Tiger New Energy provides a 'Battery as a Service' model, offering lithium battery swapping solutions for electric vehicles, primarily targeting the three-wheeler market. The company establishes a network of battery swapping stations where drivers can quickly exchange depleted batteries for fully charged ones, eliminating charging downtime and extending vehicle range. This approach reduces carbon emissions, lowers operational costs for drivers through a daily subscription model, and promotes sustainable transportation. Tiger New Energy also provides mobile applications for both drivers and partners to manage battery swaps, track income, and monitor battery status, ensuring efficient and transparent operations. </solution> <features> - Battery swapping stations designed for rapid battery exchange, typically within 1 minute - High-performance lithium batteries engineered for sustained energy and extended rides - Driver app for locating nearby swapping stations, managing accounts, and facilitating payments - Partner app for tracking income, monitoring battery and station status, and accessing training materials - Offline swapping capabilities to ensure service availability during power outages - Batteries equipped with GPS and anti-theft alarms for enhanced security - Algorithm-controlled charging to adapt to varying grid conditions - Real-time vehicle monitoring platform (in collaboration with local authorities) for enhanced safety and security </features> <target_audience> The primary target audience includes electric three-wheeler drivers in emerging markets, particularly in Bangladesh, seeking affordable and convenient energy solutions, as well as fleet owners and local partners looking to invest in sustainable transportation infrastructure. </target_audience> <revenue_model> Tiger New Energy generates revenue through a daily subscription model for battery swapping services, offering drivers unlimited swaps for a fixed fee. They also generate revenue through battery sales to partners. </revenue_model> ```

What does Tiger New Energy Co Ltd do?

Where is Tiger New Energy Co Ltd located?

Tiger New Energy Co Ltd is based in Dhaka, Bangladesh.

When was Tiger New Energy Co Ltd founded?

Tiger New Energy Co Ltd was founded in 2021.

How much funding has Tiger New Energy Co Ltd raised?

Tiger New Energy Co Ltd has raised 3500000.

Location

Dhaka, Bangladesh

Founded

2021

Funding

3500000

Employees

38 employees

Major Investors

ADB Ventures

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Tiger New Energy Co Ltd

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Executive Summary

tigernewenergy.com 5K+

Crunchbase

Founded 2021 – Dhaka, Bangladesh

Funding

Estimated Funding

$3M+

Major Investors

ADB Ventures

Team (30+)

No team information available.

Company Description

Problem

Electric vehicles in emerging markets face barriers to widespread adoption due to long charging times and range anxiety, hindering mobility and economic opportunities, especially for underserved populations relying on these vehicles for their livelihoods. The lack of convenient charging infrastructure and the upfront cost of batteries further exacerbate these challenges.

Solution

Tiger New Energy provides a 'Battery as a Service' model, offering lithium battery swapping solutions for electric vehicles, primarily targeting the three-wheeler market. The company establishes a network of battery swapping stations where drivers can quickly exchange depleted batteries for fully charged ones, eliminating charging downtime and extending vehicle range. This approach reduces carbon emissions, lowers operational costs for drivers through a daily subscription model, and promotes sustainable transportation. Tiger New Energy also provides mobile applications for both drivers and partners to manage battery swaps, track income, and monitor battery status, ensuring efficient and transparent operations.

Features

Battery swapping stations designed for rapid battery exchange, typically within 1 minute

High-performance lithium batteries engineered for sustained energy and extended rides

Driver app for locating nearby swapping stations, managing accounts, and facilitating payments

Partner app for tracking income, monitoring battery and station status, and accessing training materials

Offline swapping capabilities to ensure service availability during power outages

Batteries equipped with GPS and anti-theft alarms for enhanced security

Algorithm-controlled charging to adapt to varying grid conditions

Real-time vehicle monitoring platform (in collaboration with local authorities) for enhanced safety and security

Target Audience

The primary target audience includes electric three-wheeler drivers in emerging markets, particularly in Bangladesh, seeking affordable and convenient energy solutions, as well as fleet owners and local partners looking to invest in sustainable transportation infrastructure.

Revenue Model

Tiger New Energy generates revenue through a daily subscription model for battery swapping services, offering drivers unlimited swaps for a fixed fee. They also generate revenue through battery sales to partners.