Startups

Harvard Duo Powers Bangladesh’s Rickshaws With Battery Startup

  • Students launch firm after getting trapped in country by Covid
  • Tiger New Energy eyes expansion in India and Nepal in 2025
Yiwei Zhu and Nicole Mao.Source: Tiger New Energy

A young company created by chance is trying to transform urban transportation in the world’s most populous region.

Harvard graduate students Nicole Mao, 33, and Yiwei Zhu, 32, have been building one of Bangladesh’s hottest startups for three years after getting stuck in the country during the pandemic. Their battery-swapping network for electric rickshaws is surging in popularity and will reach 1,000 stations next year, mainly servicing the country’s millions of such three-wheeled taxi vehicles.

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