News & Updates
JUL 9, 2025
Palki Motors Is Proving That Bangladesh Can Build Its Own Affordable Electric Cars
Net Zero Compare interviews CEO Mustafa Momin about how Palki Motors built Bangladesh's first domestically designed EV that sells for just $12,000 — with 52% lower total cost of ownership over 5 years compared to CNG vehicles.
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MAR 1, 2025
Palki Motors: Driving Green, Driving Smart
The Daily Star's Climate Heroes supplement profiles how Palki Motors has delivered 24 cars, traveled 1.9 million km collectively, and reduced carbon emissions by 300 metric tons — while drivers earn 10-12% more than traditional alternatives.
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FEB 27, 2025
Palki Motors Wins EBL Climate Change Action Award 2025
Palki Motors Limited won the prestigious EBL Climate Change Action Award in the Green Manufacturing category, organized by Eastern Bank PLC, recognizing their contribution to sustainable manufacturing in Bangladesh.
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JAN 14, 2025
Palki Motors Wins $1 Million Zayed Sustainability Prize 2025
Palki Motors was awarded the prestigious Zayed Sustainability Prize in the Energy category at Abu Dhabi Sustainability Week. The $1 million prize will help scale production from 10 to 100 vehicles per month, aiming to reduce 260,000 tonnes of CO₂ annually by 2027.
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OCT 3, 2024
Palki Motors Receives $100K Funding from Accelerating Asia
Palki Motors joined Accelerating Asia's Cohort 10, receiving a $100,000 impact investment. One of four Bangladeshi startups selected, the funding supports their mission to revolutionize urban transport for commercial drivers across Bangladesh.
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MAY 2024
Palki Motors Pitches on Shark Tank Bangladesh Season 1
CEO Mustafa Al Momin pitched Palki Motors on Shark Tank Bangladesh Season 1, Episode 4, earning recognition from the judges and securing $100,000 from Start-up Bangladesh for their affordable EV manufacturing vision.
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2024
ISC3 Features Palki Motors: Pioneering Electric Mobility in Bangladesh
The International Sustainable Chemistry Collaborative Centre profiles Palki Motors as a groundbreaking startup designing circular EVs with minimal waste, reusable components, and reduced chemical inputs — raising $450,000 by January 2025.
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2024
Palki Motors Listed in SET100 Energy Transition Database
Start Up Energy Transition recognizes Palki Motors in their prestigious SET100 database as Bangladesh's first homegrown EV manufacturer, designing eco-friendly cars and pickups tailored for ridesharing and last-mile logistics.
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AUG 25, 2022
Palki: An Affordable Locally Assembled Electric Vehicle on Its Way
The Daily Star's earliest coverage of Palki Motors — a homegrown startup planning to launch their very own locally assembled electric vehicle, marking the beginning of Bangladesh's EV manufacturing journey.
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