Palki Motors Press Kit
Bangladesh's first homegrown electric vehicle company — designing and manufacturing affordable EVs for South Asia's commercial drivers. Everything a journalist needs in one place: facts, photos, founder bio, and brand assets.
At a Glance
Palki Motors is a Bangladesh-based electric vehicle manufacturer, building affordable, durable EVs for the country's commercial drivers and small fleets. We design our own platforms in Dhaka and assemble locally — Bangladesh's first homegrown automotive OEM in the modern era.
Founded in 2022 by Mustafa Al Momin. Zayed Sustainability Prize 2025 winner. Backed by Loyal VC, Accelerating Asia, William Ng, Startup Bangladesh and others.
| Founded | 2022, Dhaka, Bangladesh |
|---|---|
| Founder & CEO | Mustafa Al Momin |
| Headquarters | Dhaka, Bangladesh |
| Industry | Electric vehicle manufacturing |
| Models in market / pipeline | Cityboy V2, Cityboy V3, ReVolt V2, Palki X27 |
| Manufacturing model | CKD / microfactory in Dhaka |
| Vehicles delivered | 26 (as of 2026-04-09) |
| CO₂ avoided | ~150 tonnes / year (verified GPS mileage) |
| Passenger trips (CO₂-free) | ~374,400 indirect beneficiaries |
| Pre-orders | 46 confirmed (passenger) + 28 enquiries (pickup) |
| Awards | Zayed Sustainability Prize 2025 ($1M, Energy); ISC3 Innovation Challenge 2025 finalist; INMerge Innovation Summit 2025 finalist; Shark Tank Bangladesh feature |
| Post-Prize investment | USD 400,000 from 17 MENA-region investors |
| Strategic partner | Launch Automotive Technology (China) — CKD assembly |
| Land allocation | 1.25 acres from Bangladesh Hi-Tech Park Authority |
| Verifiable claims | palkimotors.com/claims.html |
| Website | palkimotors.com |
Company Boilerplate
Pre-cleared copy for press use. Click to copy.
Short — 1 line
Palki Motors is Bangladesh's first homegrown electric vehicle company, designing and manufacturing affordable EVs for South Asia's commercial drivers.
Medium — 1 paragraph
Founded in 2022 by Mustafa Al Momin, Palki Motors designs, engineers and manufactures affordable electric vehicles for Bangladesh's 600,000+ commercial drivers and small-fleet operators. With four electric platforms in market or development — the Cityboy V2 and V3 passenger EVs, the ReVolt V2 light pickup, and the Palki X27 — and a CKD microfactory in Dhaka, the company is the country's first homegrown automotive OEM in the modern era. Palki was awarded the $1M Zayed Sustainability Prize in 2025.
Long — 2 paragraphs
Palki Motors is Bangladesh's first homegrown electric vehicle manufacturer. Founded in 2022 by engineer-entrepreneur Mustafa Al Momin, the company designs, engineers and assembles affordable EVs at a microfactory in Dhaka — building vehicles around the economics of the country's commercial drivers, not the preferences of premium markets. Palki's lineup includes the Cityboy V2 and V3 passenger EVs, the ReVolt V2 light commercial pickup, and the Palki X27.
To date, Palki has delivered 26 vehicles, carried ~374,400 passengers on CO₂-free trips, and avoided ~150 tonnes of CO₂ per year. The company received the $1M Zayed Sustainability Prize in January 2025, and is backed by Loyal VC, Accelerating Asia, William Ng and Startup Bangladesh.
Founder Bio
Mustafa Al Momin is the Founder & CEO of Palki Motors Limited. An electrical engineer by training (Montana State University), he started his first company, cWork, before returning to Bangladesh with a conviction: that the people who keep the country's economy moving — its commercial drivers — deserved transport technology built around their economics, not imported around someone else's.
In 2022 he sold his house to build the first Palki prototype. Three years later, the company has delivered 12 vehicles, won the $1M Zayed Sustainability Prize, and is preparing the launch of its CKD assembly line in Dhaka.
Mustafa is available for interviews in English and Bangla.
Vehicle Lineup
Five platforms — three on the road today, two in active development. Built for commercial drivers, light logistics and small fleets.
Awards & Milestones
From a single prototype on the streets of Dhaka in 2023 to the world's most prestigious sustainability prize — here are the moments that have shaped the company.
Brand Assets
All materials below are pre-cleared for editorial use. Please credit "Palki Motors" with each photograph.
Photography
Media Contact
For interviews, quotes & high-res assets
Mustafa Al Momin · Founder & CEO, Palki Motors Limited
Available in English and Bangla, GMT+6.