Global First prize winner National First prize winner

Cassetex

A solar powered battery swapping service for last mile transport.

Pitch

Bangladesh has more than 1.5 million electric last-mile transport across the country. They have helped the country avoid harmful emissions in small cities and provide a sustainable source of income for many people.

But these vehicles have become inefficient and a burden on the national electricity infrastructure. There are new rules to control these vehicles, leading to losses and rising costs.

Cassetex will provide 100% solar powered battery swapping stations. Our service will increase the daily operating range of these vehicles, leading growth in income. Our technology is more efficient due to lightweight batteries, that require no maintenance. Cassetex customers will never have to repair or replace these batteries. They will only pay for the energy they use, through popular mobile financial services.

By targeting 25% of the intended market, we hope to achieve profits of USD 11.2 million in 5 years.

Quick facts

  • 2020 Participant
    Year of participation
  • Solutions for Emerging Markets
    Theme
  • Bangladesh
    Country
  • 5
    Teamsize

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Team

  • Gopal Kumar Mohoto, (Co-founder, Team Lead & CTO), Tauseef Anwar (Co-founder, CMO), Ahmad (Co-founder/COO)
  • www.cassetex.com

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