Who founded Tiger New Energy?

Tiger New Energy was founded by Yiwei Zhu, Nicole Mao in 2021.

Who are Tiger New Energy's investors?

Tiger New Energy's investors include 500 Global, ADB Ventures, Orvel Early Stage Fund I Private, Wavemaker Partners, TukTuks.

How much funding has Tiger New Energy raised?

Tiger New Energy has disclosed $6M raised across 2 rounds.

Where is Tiger New Energy headquartered?

Tiger New Energy is headquartered in Dhaka, BD.

Tiger New Energy

Dhaka, BD · Founded 2021 · 59 employees on LinkedIn · 5 known investors

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Tiger New Energy operates a battery-swapping network for electric vehicles in Bangladesh, providing swappable batteries aimed at lowering operating costs for local drivers and communities. It focuses on clean, affordable mobility in emerging markets.

Cleantech Energy Mobility & Transportation

Founders & leadership

Tiger New Energy was founded in 2021 by Yiwei Zhu and Nicole Mao.

Yiwei Zhu Co-Founder and COOYiwei Zhu is Co-founder and COO of Tiger New Energy, a battery-swapping network for electric three-wheelers in Bangladesh. He holds a degree in electrical engineering from the University of Michigan and previously worked in product management at Alibaba Group in Southeast Asia.

Nicole MaoCo-founder

Investors · 5

500 Globallisted by 500 GlobalPalo Alto · $150K

How we know: open dataset · 500 Global portfolio 2026-08 · Not right? Tell us

ADB Ventureslisted by ADB VenturesMandaluyong

How we know: ADB Ventures's portfolio page · funding news · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us

Orvel Early Stage Fund I Privatelisted by Orvel Early Stage Fund I Private

How we know: Orvel Early Stage Fund I Private's portfolio page · Not right? Tell us

Wavemaker Partnerslisted by Wavemaker PartnersSingapore · $100K – $2.5M

How we know: Wavemaker Partners's portfolio page · en.prothomalo.com · open dataset · 5k.vc investor directory · Not right? Tell us

TukTuksreportedMountain View

How we know: funding news · Not right? Tell us

Funding

SEC filings, press & company announcements

$6M disclosed across 2 rounds · 2023–2024

$3.5MraisedJun 2024 · 2 sources
Source ↗
$2.5Mseed fundingNov 2023 · 2 sources
Wavemaker Partners (lead)
Source ↗

Source: company announcements and press reports — follow each round's link for the claim.

Frequently asked questions

What does Tiger New Energy do?: Tiger New Energy operates a battery-swapping network for electric vehicles in Bangladesh, providing swappable batteries aimed at lowering operating costs for local drivers and communities. It focuses on clean, affordable mobility in emerging markets.
Who founded Tiger New Energy?: Tiger New Energy was founded by Yiwei Zhu, Nicole Mao in 2021.
Who are Tiger New Energy's investors?: Tiger New Energy's investors include 500 Global, ADB Ventures, Orvel Early Stage Fund I Private, Wavemaker Partners, TukTuks.
How much funding has Tiger New Energy raised?: Tiger New Energy has disclosed $6M raised across 2 rounds.
Where is Tiger New Energy headquartered?: Tiger New Energy is headquartered in Dhaka, BD.