Bangladesh battery aggregator

How big is the battery market in Bangladesh?

The market ballooned three to four times in the last ten years, registering a 10% to 12% growth in the last one year, according to the Bangladesh Accumulator and Battery Manufacturers' Association (BABMA). Around 100,000 people are directly or indirectly involved in the battery industries across the country.

Why did mao & zhu start a battery business in Bangladesh?

Because Mao’s family owns a battery-making company in China, the pair decided to try the same business in Bangladesh: assemble more-sustainable lithium batteries with components imported from China and sell them to local customers. “It was a crazy idea,” said Zhu, the chief operating officer.

Will Bangladesh's startup ecosystem continue to thrive?

“Amidst these changes, there is a growing belief that Bangladesh’s startup ecosystem will continue to thrive,” the consulting firm said. Local young firms have raised close to $1 billion since 2013, it said. “In China or the US, it’s very challenging to find an area with unfulfilled demand,” said Mao.

How many companies are manufacturing batteries?

To cater to the demand, currently around 25 local companies are manufacturing batteries for three-wheelers, hybrid and electric cars, scooters, commercial vehicles, cars, instant power supply (IPS), solar panels and batteries for use in various appliances, according to the industry people. Major companies in the sector

What is the interim government doing in Bangladesh?

The interim government of Bangladesh, following the unrest in the summer that resulted in the ouster of long-serving premier Sheikh Hasina, is focusing on stabilising the economy and promoting fair market practices, according to a report from LightCastle Partners published in November.