Palki Motors Limited
Funding Stage: Seed stage
Country: Bangladesh
Award: Participant
"Battery-Swappable EVs for Ridesharing"
Palki Motors is Bangladesh’s first homegrown electric vehicle manufacturer, designing eco-friendly cars and pickups tailored for ridesharing and last-mile delivery. With over 24 vehicles on the road, Palki cars have collectively covered 1.4 million kilometers, reducing more than 250 tons of CO2 emissions. Engineered to deliver 90% better fuel efficiency and 50% lower maintenance costs, these vehicles enable drivers to save up to 52% in operational costs. Each Palki car is optimized for local roads, featuring robust suspension, a comfortable air-conditioned cabin, and a range of 150 km per charge, allowing drivers to work longer hours while providing a smoother, eco-friendly ride for passengers. Equipped with battery-swapping capabilities and quick-charging options, Palki Motors empowers drivers to keep moving, even in off-grid areas.