Palki Motors Pte Ltd, a purpose-driven electric vehicle manufacturer committed to transforming commercial mobility, proudly announces its acceptance into South Asia’s largest pre-Series A accelerator, Accelerator Asia, as part of Cohort 10.
With an impact investment of $100,000, Accelerator Asia is backing Palki Motors’ mission to revolutionize urban transport for commercial drivers, making it greener, more affordable, and more accessible, read a press release issued on Wednesday.
This partnership reflects a shared vision for driving sustainable and inclusive change in the mobility sector.
Accelerator Asia’s investment will support Palki Motors in scaling up its research and development, enhancing its production capacity, and expanding its reach across Bangladesh.
Palki Motors is dedicated to solving mobility challenges for ride-sharing drivers and last-mile logistics while ensuring environmental and social benefits for the community.
With the guidance of Accelerator Asia, Palki Motors aims to amplify its impact and bring real, measurable change to the lives of drivers and corporates in Bangladesh.
Palki Motors Founder & CEO Mustafa Al Momin expressed his excitement saying, “The impact investment from Accelerator Asia is a testament to the social value that Palki Motors is creating in the mobility space.
“This partnership will help us push the boundaries of sustainable transport, carry out cutting-edge R&D, boost our sales channels, and deliver more electric vehicles to those who need them most.”
About Palki Motors Pte Ltd
Palki Motors, headquartered in Singapore with a market focus in Bangladesh, is on a mission to deliver 10,000 units of commercial passenger cars for ride-sharing owners and electric pickups to corporates for last-mile delivery annually.
Committed to affordable and sustainable mobility solutions, Palki Motors empowers drivers to become vehicle owners, transforming livelihoods while reducing the carbon footprint of urban transport.
About Accelerator Asia
Accelerator Asia is South Asia’s largest pre-Series A accelerator, focused on fostering high-potential startups with a positive social and environmental impact.
By providing funding, mentorship, and strategic resources, Accelerator Asia nurtures innovative ventures that drive change and create sustainable value for the community.
