About Tiger New Energy
Tiger New Energy is a company based in Dhaka (Bangladesh) founded in 2021 by Yiwei Zhu and Nicole Mao.. Tiger New Energy has raised $3.5 million across 2 funding rounds from investors including Asian Development Bank, Wavemaker Partners and 500 Global. Tiger New Energy offers products and services including Swap Station, Motorcycle Battery, Driver App, and Partner App.
- Headquarter Dhaka, Bangladesh
- Founders Yiwei Zhu, Nicole Mao
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.5 M (USD)
in 2 rounds
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Latest Funding Round
$1 M (USD), Seed
Jun 25, 2024
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Investors
Asian Development Bank
& 4 more
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Employee Count
Employee Count
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Products & Services of Tiger New Energy
Tiger New Energy offers a comprehensive portfolio of products and services, including Swap Station, Motorcycle Battery, Driver App, and Partner App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Facility for quick battery exchanges in electric vehicles.
High-performance lithium batteries for sustained electric rides.
Tool for locating stations and managing battery swaps.
App for tracking transactions and optimizing fleet operations.
Funding Insights of Tiger New Energy
Tiger New Energy has successfully raised a total of $3.5M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $1.0M
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First Round
First Round
(08 Nov 2023)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Seed - Tiger New Energy | Valuation | Asian Development Bank |
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| Nov, 2023 | Amount | Seed - Tiger New Energy | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Tiger New Energy
Tiger New Energy has secured backing from 5 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Asian Development Bank, Wavemaker Partners and 500 Global. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments in early-stage technology companies are made by Wavemaker Partners.
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Founded Year | Domain | Location | |
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Venture capital and acceleration are provided to tech startups.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early stage technology companies
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Tiger New Energy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Tiger New Energy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tiger New Energy Comparisons
Competitors of Tiger New Energy
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Tiger New Energy
When was Tiger New Energy founded?
Tiger New Energy was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is Tiger New Energy located?
Tiger New Energy is headquartered in Dhaka, Bangladesh.
Who is the current CEO of Tiger New Energy?
Nicole Mao is the current CEO of Tiger New Energy. They have also founded this company.
Is Tiger New Energy a funded company?
Tiger New Energy is a funded company, having raised a total of $3.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.5M, raised on Nov 08, 2023.
What does Tiger New Energy do?
Tiger New Energy was founded in 2021 in Dhaka, Bangladesh, focusing on the electric vehicle sector. Battery swapping services are offered to replace depleted batteries in EVs, supporting reduced carbon emissions. Operations center on infrastructure for quick swaps, aimed at enhancing EV usability. The company is led by co-founders Nicole Mao as CEO and Yiwei Zhu as COO, with activities based in Bangladesh.
What products or services does Tiger New Energy offer?
Tiger New Energy offers Swap Station, Motorcycle Battery, Driver App, and Partner App.
Who are Tiger New Energy's investors?
Tiger New Energy has 5 investors. Key investors include Asian Development Bank, Wavemaker Partners, 500 Global, Orvel Ventures, and Brett Barna.