Jul 14, 2023
Skoot, a startup in the Innovation Design and Entrepreneurship Academy (iDEA) project portfolio, signed a Memorandum of Understanding (MoU) with Walton Digi-Tech Industries to collaborate on the manufacturing of e-bikes in Bangladesh.
The signing ceremony took place at Walton Digi-Tech Industries Ltd's corporate head office in Bashundhara on Thursday, according to a press release.
Skoot directors Sihab Khan and Parth Roy, and Walton Digi-Tech Industries Ltd Head of Marketing Md Taufiq Imam, Deputy Assistant Director of Sales Fuad Rahman and Deputy Director - Ebike Kaikobad Siddiquie were present at the ceremony, among others.
The MoU outlined the commitment of Skoot and Walton to produce high-quality and advanced e-bikes that enhance the riding experience for customers. This partnership aims to revolutionize the e-bike industry in Bangladesh by introducing eco-friendly and technologically advanced products, said the release.
In addition to financial grants, the iDEA project provides startups with essential resources such as mentoring, training, networking opportunities, and access to co-working spaces.
The collaboration between Skoot and Walton holds great potential for the e-bike industry in Bangladesh. By combining their expertise and resources, both companies aspire to create a better future for e-bike enthusiasts, offering them innovative and sustainable transportation options, added the release.
