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…
green innovation
Lambeth Council has been recognized for its innovative support of a climate tech ecosystem, backing more than 500 sustainable businesses through flexible workspace, investment, and sector expertise Leading the Way in Green Innovation Lambeth Council has strengthened its reputation for green initiatives by supporting a climate tech ecosystem that aids over 500 sustainable businesses. This backing includes flexible workspaces, investment opportunities, and expert guidance in the sector. Sustainable Ventures, Europe’s largest climate tech hub, received significant funding from Lambeth’s Future Workspace Fund. Development of Iconic Workspace Lambeth’s Future Work Space The £1.45 million funding from Lambeth’s Future Workspace Fund helped…