# Tiger New Energy Co

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tiger-new-energy-co

- Industry: Energy Storage & Batteries
- Headquarters: Dhaka, Bangladesh
- Website: www.tigernewenergy.com
- Total disclosed funding: $2.5M
- Latest round: Seed (Aug 7, 2023)
- Investors on record: 5

## About

Founded in 2021 and based in Bangladesh, Tiger New Energy Co. Ltd., operates as a platform that provides battery swapping networks through end-to-end production and recycling services. In August 2023, Wavemaker Partners led seed funding for Tiger New Energy Co., Ltd. As of 2023, the company is led by its CEO, Nicole Mao.

The company offers various battery products like motorcycle batteries, passenger car (PC) batteries, commercial vehicle (CV) batteries, appliance batteries, and giga batteries to meet diverse energy needs. The company uses tubular technology for heated, sealed containers for its battery-swapping network, which operates on a battery-as-a-service model.

## Funding rounds

- Seed, Aug 7, 2023, $2.5M — Wavemaker Partners, 500 Global, Humble Ventures, Orvel Ventures, Penataran Group

## Investors

- Wavemaker Partners (https://capitalatlas.ai/funds/wavemaker-partners) — Seed
- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Humble Ventures (https://capitalatlas.ai/funds/humble-ventures) — Seed
- Orvel Ventures (https://capitalatlas.ai/funds/orvel-ventures) — Seed
- Penataran Group — Seed