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Tiger New Energy’s Battery Swapping Technology Receives US$3.5M Push

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The injection of funds will enable the Bangladeshi startup to empower more drivers through an expanded network of battery swapping stations.

DHAKA, Bangladesh, June 25, 2024 /PRNewswire/ — In the bustling streets of Bangladesh, where millions rely on three-wheelers daily, Tiger New Energy (“Tiger”), a Bangladeshi clean energy startup, is setting a new standard in urban mobility with its innovative battery swapping technology. ADB Ventures has provided the company with an additional US$1 million in funding, augmenting the US$2.5 million seed round led by Wavemaker Partners last year. The investment accelerates the deployment of Tiger’s battery swapping network across Bangladesh, advancing its mission to promote eco-friendly mobility and deliver substantial socio-economic benefits.

Driving Change for Green Mobility and Empowering Local Communities

Harvard Business School alumni Nicole Mao and Yiwei Zhu founded Tiger New Energy to address the pressing issues of carbon emissions and energy inefficiency that plague Bangladesh’s urban transportation sector. Approximately 4 million electric three-wheelers and vehicles transport over 112 million people daily across the country. However, the use of low-quality lead-acid batteries, which only last 6 to 8 months, hinders these vital modes of transportation from being as efficient as necessary. The absence of adequate charging infrastructure compounds the problem, posing imminent safety threats, including the risk of fire accidents.

In a transformative move, Tiger has introduced a network of stations where rickshaw drivers can swap their depleted batteries for fully charged ones in less than one minute compared to four hours previously. This dramatically reduces downtime and has been shown to amplify the earnings of rickshaw drivers by an impressive 60%, reinforcing the backbone of urban transport in Bangladesh.

Innovative Technology Drives Economic Growth

Tiger’s proprietary Offline Swapping and Reverse Charging features ensure service continuity during power outages, while its infrastructure doubles as Decentralised Energy Storage Systems (DESS), contributing to grid stability. Advanced thermal management and data-driven optimisation algorithms further elevate the performance and lifespan of Tiger’s lithium-ion batteries over traditional alternatives.

“Our mission is clear: to make clean mobility accessible to all in emerging markets,” said Nicole Mao, co-founder and CEO of Tiger New Energy. “This funding validates our technology and business model and strengthens our commitment to reducing carbon footprints, fostering sustainable development, and enhancing the livelihoods of local communities.”

Investment and Growth

Wavemaker Partners, Southeast Asia’s leading VC firm investing in early-stage enterprise, deep tech, and sustainability startups, led the funding round with notable participation from ADB Ventures. The round’s other investors include 500 TukTuks, Orvel Ventures, Humble, Penataran Management, Brett Barna, the founder of the Barna Family Office, an undisclosed Singaporean Family Office, and an undisclosed angel investor.

Investors recognise the potential of Tiger’s solution, particularly female entrepreneurs like Nicole Mao and Yiwei Zhu, who are making a significant impact. “We invested in Tiger New Energy because Nicole and Yiwei are incredible founders, and Bangladesh is an underserved, fast-growing market,” said Doug Parker of Wavemaker Partners. “The investment from ADB Ventures is a sign of the quality of the team and the impact of their work on hard-working citizens.”

ADB Ventures, with a strategic focus on sustainable and inclusive growth, supported Tiger’s mission. “Tiger New Energy’s swift battery swapping solutions alleviate range anxiety for electric vehicle drivers in Bangladesh and pave the way for cleaner energy access and economic empowerment. Their inclusive business approach, dedicated women empowerment initiatives, and commitment to climate impact closely align with our core mission of catalysing climate action and advancing gender equality through transformative solutions in emerging Asia,” said Yichu Zhang of ADB Ventures.

Expanding Networks and Empowering Women

With this investment, Tiger plans to expand its network beyond 100 battery swapping stations to empower over 10,000 rickshaw drivers. The funds will also enhance talent acquisition, spur research and development, and facilitate the exploration of new regional markets. Tiger is actively forming strategic partnerships with leading EV manufacturers and energy providers to further its mission.

Social Impact Through the HerDrive Initiative 

Tiger’s commitment to societal impact is demonstrated through the HerDrive initiative, which aims to boost the number of female rickshaw drivers, currently under 1% of the workforce. The initiative provides training, mentorship, and financial assistance for female drivers in EV ownership, opening a new and stable income source and enhancing the safety and comfort of female passengers. The HerDrive initiative aims to empower 1,000 women by 2025.

Moving Forward: Sustainable Transportation Solutions

As Tiger New Energy forges ahead, it remains dedicated to creating continuous social impact through transformative initiatives. Backed by a robust foundation and the unwavering support of its investors and community, Tiger is poised for rapid growth and is actively preparing for its Series A funding round at the end of 2024.

To learn more about Tiger New Energy and the HerDrive initiative, please visit https://tigernewenergy.com/

About Tiger New Energy

Based in Dhaka, Tiger New Energy, founded by two Harvard MBA alumni, is transforming clean mobility in South Asia with its ‘Battery as a Service’ model. The company is setting up a battery swapping station network that utilises lithium batteries to offer sustainable transportation solutions. By introducing a daily subscription model and collaborating with local government and communities, Tiger New Energy aims to make electric vehicles more affordable and accessible, significantly reducing carbon emissions and enhancing environmental sustainability. The service allows users to embrace green mobility without the high upfront cost, promoting the spread of eco-friendly transportation solutions across various regions.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/tiger-new-energys-battery-swapping-technology-receives-us3-5m-push-302179800.html

SOURCE Tiger New Energy

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Kerun Launches Integrated Transformer and Substation Solutions for AI Data Centers in Hot-Climate Regions

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JIANGSHAN, China, June 16, 2026 /PRNewswire/ — Kerun Intelligent Control Co., LTD., a manufacturer specializing in power transmission and distribution equipment, announced the launch of its Integrated Transformer and Substation Solutions for AI data centers, cloud facilities and high-density computing infrastructure.

Designed for demanding environments such as the Middle East, the solution supports stable power distribution in regions where high temperatures, heavy electrical loads and continuous 24/7 operation place greater pressure on power infrastructure.

Combining transformers, prefabricated substations, switchgear and intelligent monitoring systems, Kerun’s integrated solution helps data center developers, EPC contractors and infrastructure operators build reliable and scalable power systems for mission-critical facilities.

Addressing Power Challenges in Hot-Climate Data Center Environments

AI data centers and high-density computing facilities face complex electrical challenges, including nonlinear loads, harmonic interference, continuous high-temperature operation and rising power density. In hot-climate regions, transformer thermal performance, fire safety and long-term reliability become even more important.

Key features include:

K-Factor harmonic-resistant transformer design: Optimized for server clusters and high-harmonic environments, helping reduce overheating risks and improve stable operation.FR3 vegetable oil-based insulating fluid option: Supports improved fire safety, thermal performance and overload tolerance, making it suitable for facilities requiring uninterrupted operation.High-efficiency power distribution: Helps reduce power losses, energy consumption and long-term operating costs.Intelligent monitoring and detection: Enables visualization of operating parameters and supports preventive maintenance in demanding environments.Reliable power architecture: Supports redundancy configurations for mission-critical loads.Flexible engineering customization: Allows adaptation based on voltage level, local climate conditions, installation environment and project specifications.

Designed for Reliability, Safety and Scalability

As AI, cloud services and digital infrastructure continue to expand across the Middle East, reliable power systems are becoming a key foundation for data center growth.

“Data centers in high-temperature environments require power systems that can deliver stability, safety and efficiency under continuous operating pressure,” said Mr. Wang, General Manager of Kerun. “Kerun remains committed to providing integrated transformer and substation solutions that support resilient digital infrastructure.”

Beyond data center applications, Kerun also serves utility, industrial, renewable energy and long-distance power transmission sectors.

About Kerun

Founded in 2004, Kerun Intelligent Control Co., LTD. provides power transmission and distribution solutions for utility, industrial and digital infrastructure projects worldwide. Its portfolio includes transformers, switchgear, prefabricated substations, energy storage containers and EV charging infrastructure.

For more information, visit: https://ar.kerunpower.com
Learn more about the solution: https://ar.kerunpower.com/solutions/transformers-solution-for-data-center/

 

View original content:https://www.prnewswire.co.uk/news-releases/kerun-launches-integrated-transformer-and-substation-solutions-for-ai-data-centers-in-hot-climate-regions-302801093.html

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Arcfra Releases AKE 1.6 to Enhance Production Kubernetes Operations and Network Management

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SINGAPORE, June 16, 2026 /PRNewswire/ — Today, Arcfra announces the release of Arcfra Kubernetes Engine (AKE) version 1.6, the latest version of its production-grade container management and service platform.

This release improves Kubernetes operational efficiency and strengthens production network management. AKE 1.6 introduces form-based visual management for Kubernetes resources, enabling users to deploy and manage applications without writing complex YAML files. It also supports separation of workload cluster management networks from service networks and multiple network interfaces for Pods, helping enterprises address security isolation, compliance, and high-performance networking requirements.

Form-Based Visual Management for Kubernetes Resources

AKE 1.6 introduces form-based deployment and management for Kubernetes resources, allowing users to complete common application operations through the UI instead of manually writing and maintaining YAML files.

This capability brings infrastructure, Kubernetes clusters, and business applications into a unified visual management experience. Users can view related resources in a single interface, access frequent operations more directly, and reduce the complexity of managing containerized applications.

Separated Management and Service Networks for Workload Clusters

To prevent management traffic and service traffic from affecting each other, AKE 1.6 supports separating the management network from the service network for workload clusters.

In this architecture, management traffic and business service traffic are isolated into separate network planes. The container service network cannot directly route to control plane components such as the Kubernetes apiserver. Even if a container is compromised, control plane operations remain isolated, improving platform security and helping enterprises meet network isolation and compliance requirements.

Multiple Pod NICs for High-Performance and Isolated Network Access

AKE 1.6 also introduces support for configuring multiple network interfaces for Pods. This capability supports scenarios where applications need access to multiple network planes for security isolation, direct connectivity, or higher network performance.

Compared with Overlay networking, direct flat network access can reduce network overhead and deliver higher throughput and lower latency, with an approximately 20% performance improvement in applicable scenarios.

AKE: Proven in Production

AKE powers mission-critical systems for enterprises in finance, healthcare, manufacturing, e-commerce, and other sectors, including ConnectWave and Foxconn.

View original content:https://www.prnewswire.com/apac/news-releases/arcfra-releases-ake-1-6-to-enhance-production-kubernetes-operations-and-network-management-302801094.html

SOURCE Arcfra

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Daymond John and the RedPocket Mobiles Drop “Color Rush” Jersey — and Two Fans Get to Pitch the People’s Shark

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Giveaway opens June 16 in Ogden; grand-prize winners receive a signed jersey, a free year of wireless, and a one-on-one pitch session with Daymond John

OGDEN, Utah, June 16, 2026 /PRNewswire/ — RedPocket Mobile today announced the release of the RedPocket Mobiles’ new “Color Rush” red jerseys, designed in collaboration with Shark Tank entrepreneur and spokesperson Daymond John, alongside a fan giveaway that puts two winners in the room with the People’s Shark.

RedPocket sponsors the RedPocket Mobiles, which are RedPocket Mobile’s barnstorming Pioneer Baseball League team, a club with no home stadium that plays its entire season on the road. The team is powered by RedPocket Mobile, the independently owned wireless company that lets customers choose coverage across all three major U.S. 5G networks, so the Mobiles stay connected no matter where their team bus takes them.

The giveaway, which opens June 16, awards two grand-prize winners each: a Mobiles Color Rush jersey signed by Daymond John, an official team hat, a full year of RedPocket Mobile service on the network of their choice, a team merch bundle, and a 30-minute pitch session with Daymond himself.  On the call, Daymond will hear their business idea, push on it, and coach them on how to make it better.

“Getting to have a hand in designing the RedPocket Mobiles’ jerseys was something I couldn’t pass up with RedPocket. Every business starts with someone willing to take a chance and that’s why I’m looking for the fans who have a real idea to pitch to a Shark. I can’t wait to hear what these entrepreneurs bring to the table,” said Daymond John.

The giveaway runs through late June. Full entry details are available on the RedPocket Mobiles, RedPocket Mobile, and Daymond John Instagram channels.

About RedPocket Mobile RedPocket Mobile is an independently owned wireless company founded in 2006. RedPocket gives customers the choice of coverage across all three major U.S. 5G networks, with locked-in rates and no price increases. [Confirm/trim boilerplate to current approved standard to your comfortability, alex.salas@redpocket.com.

Entry via Instagram post on @redpocketmobile, @redpocketmobiles  and @TheSharkDaymond

Media contact: [Alex Salas / Alex.salas@redpocket.com / 5626-644-3864]

View original content:https://www.prnewswire.com/news-releases/daymond-john-and-the-redpocket-mobiles-drop-color-rush-jersey–and-two-fans-get-to-pitch-the-peoples-shark-302801034.html

SOURCE RedPocket Mobile

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