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…
clean energy
Pioneering Sustainable Energy Solutions with Pongamia Seed Farms Rio Tinto has initiated a groundbreaking pilot project to cultivate Pongamia seed farms across approximately 3,000 hectares of cleared land near Townsville, Queensland. This initiative seeks to assess the potential of Pongamia seed oil as a feedstock for renewable diesel, a more environmentally friendly alternative to traditional fossil fuels, aligning with the worldwide transition towards sustainable energy solutions. Exploring the Potential of Pongamia Seed Oil The Pongamia pilot project will investigate whether Pongamia seed oil can fulfil Rio Tinto’s renewable diesel requirements while fostering the growth of a new biofuel sector in…