SOLshare Secures $2.2 million Investment For EV Integration
Summary
SOLshare, a climate-tech company based in Dhaka, has recently secured an investment of $2.2 million in Series A+ funding led by SBK Tech Ventures as part of a $4 million round, according to a press release. The company claims that the integration of electric cars into the Blue Dart fleet is likely to bring significant environmental benefits, with CO2 emissions reduced by around 15.05 tons per month.The companys sustainability agenda highlights initiatives such as planting more than 1,11,000 trees each year. The measure is projected to offset more than 13,320 tons of carbon dioxide emissions per year when those trees reach maturity. This is a critical part of the journey to net zero, the firm added.Sebastian Groh, managing director and CEO of SOLshare, commented, At SOLshare, we believe that with SBK Techs backing, we will transform electric vehicles from a grid burden into a valuable asset in Bangladesh & beyond. This shift will benefit millions of low-income electric three-wheeler drivers by increasing their earnings.SOLshare was founded in 2014~2015, consisting of a team of tech pioneers fully based out of Dhaka.