Nicole Mao (Tiger New Energy)

Overview

Nicole Mao is the co-founder and CEO of Tiger New Energy, a Bangladesh-based startup focused on clean energy solutions. Established in 2021, the company aims to revolutionize urban mobility with its innovative battery-swapping technology, primarily targeting electric three-wheelers in Bangladesh. Nicole Mao, a Harvard Business School alumnus, has positioned Tiger New Energy as a leading player in the sustainable transportation sector. The company’s mission involves reducing carbon emissions and improving energy efficiency in developing urban areas. Under her leadership, Tiger New Energy has introduced proprietary technologies that enhance battery performance and lifespan, contributing significantly to cleaner urban transport solutions.

Recent Developments

In recent years, Nicole Mao and Tiger New Energy have achieved significant milestones and expansions:

October 2024: Tiger New Energy secured an additional $1 million in funding from ADB Ventures, following a $2.5 million seed round led by Wavemaker Partners. The funds are directed towards expanding the battery-swapping network across Bangladesh and entering new regional markets.
July 2024: Tiger New Energy launched its latest battery-swapping technology for rickshaw drivers in Bangladesh. The introduction of decentralized energy storage systems has improved grid stability and ensures continuity during power outages.
June 2024: The company was included in the Forbes Asia 100 to Watch 2024, recognizing its significant impact and rapid growth in the energy sector.
November 2023: Tiger New Energy signed a strategic partnership with TVS Auto Bangladesh to supply high-performance batteries, further strengthening its market position.
August 2023: The company launched Bangladesh’s first battery swapping network, providing fast and efficient services that significantly reduce downtime for electric vehicle drivers.

Personal Information

Attribute	Information
Full Name	Nicole Mao
Born	Not publicly available
Nationality	Chinese
Occupation	Co-Founder and CEO of Tiger New Energy
Known For	Sustainable energy solutions, Battery swapping technology
Net Worth	Not publicly disclosed
Education	MBA from Harvard Business School, MPP from Harvard Kennedy School
Languages Spoken	English, Mandarin, Cantonese

Early Life and Education

Nicole Mao was born in China and pursued higher education at the University of British Columbia, where she earned several accolades, including the Dean's Honor Roll and International Service Award. She furthered her education with an MBA from Harvard Business School and a Master’s in Public Policy from the Harvard Kennedy School. These academic achievements provided her with a strong foundation in business management and strategy. Her interest in sustainable technology and entrepreneurship was sparked during her academic journey, shaping her future career path.

Career and Notable Achievements

Nicole Mao’s career began in management consulting, where she worked with global firms, including Deloitte and BCG. Her analytical skills and strategic insights were honed during her tenure at these organizations. In 2021, alongside co-founder Yiwei Zhu, Nicole established Tiger New Energy with the vision of transforming urban mobility through sustainable solutions. Her notable achievements include:

Establishing Tiger New Energy and positioning it as a leader in clean energy solutions in South Asia.
Successfully leading multiple funding rounds, securing over $3.5 million to expand the company's infrastructure and reach.
Launching Bangladesh’s first battery-swapping network, pioneering swift and efficient energy solutions for electric rickshaws.

Current Work and Impact

As the CEO of Tiger New Energy, Nicole Mao continuously drives the company towards achieving its mission of clean, efficient, and accessible urban mobility. The impact of her work is visible through Tiger New Energy’s growing network of battery-swapping stations, empowering thousands of rickshaw drivers and reducing urban carbon footprints. Through innovative strategies and partnerships, she is expanding the company’s regional influence and advancing sustainable energy practices.

Conclusion

Nicole Mao is a prominent figure in the realm of sustainable energy and urban mobility solutions. Her leadership at Tiger New Energy highlights her commitment to addressing energy inefficiencies and promoting eco-friendly transport in Bangladesh and beyond. As the company gears up for further expansion, Nicole’s innovative approach and dedication position her as a transformative leader in the clean energy sector. Her work continues to leave a lasting impact on sustainable development and urban transportation globally.