Cassetex Ltd., Bangladesh’s pioneering Battery-as-a-Service (BaaS) startup, has successfully raised $1.6 million in investment, led by Infusion Partners Ltd. and Waverider International Consulting Co. Ltd. This funding will enable the company to accelerate the electrification of transport, agriculture, and light industry across Bangladesh, Nepal, and East Africa. By eliminating the high cost of battery ownership and providing an efficient, sustainable solution, Cassetex is breaking affordability barriers and transforming the clean energy sector. The funding will support the rapid deployment of Cassetex’s innovative battery-swapping technology, allowing for the integration of 50,000 new electric vehicles by 2026. In addition, the company aims…