3DOM Inc, a Japan-based smart energy solutions provider, has signed a memorandum of understanding with Cosmos Global Resources Pte Ltd, to launch a joint venture company for setting up an electric vehicle assembly plant in Bangladesh.
In addition to the assembly of micro mobility electric vehicles in Bangladesh, the JVC between 3DOM and Cosmos also aims to own and operate a company to lease the electric vehicles for a ridehailing service.
Cosmos Global Resources, Singapore group president and CEO Enayetullah Khan and 3DOM Singapore CEO Andrew William Khine inked the memorandum on behalf of their respective organisations.
The agreement marks a major milestone in cooperation between companies from Japan and Bangladesh in the area of sustainability and renewable energy, and will help Bangladesh achieve the goal of eliminating CO2 emissions by replacing combustion engine vehicles with electric vehicles.
3DOM’s battery technology will help make electric vehicles more affordable.
‘3DOM is delighted to have the opportunity to enter into this agreement with Cosmos,’ said 3DOM’s president and group CEO Masataka Matsumura.
‘Using 3DOM’s unique Lithium Ion Battery Technology for these electric vehicles will play an important role in helping Bangladesh move towards its goal of zero carbon emissions.’
‘CGR is proud to partner with 3DOM in this sustainable venture, fulfilling our dream to a greener and cleaner Bangladesh,’ said Enayetullah Khan.
Established in Yokohama in 2014, Japan-based 3DOM Inc innovates and develops cutting-edge Lithium Rechargeable Battery Tech that puts it at the centre of energy as it aims to power everything, everywhere, for everyone.
With its advanced battery technology, 3DOM strives to resolve energy issues and build sustainable societies by researching, developing, and designing next-generation batteries, and by deploying on global scale businesses that use these technologies.
Through innovation in battery manufacturing, reuse and recycling, and the development and deployment of applications across aerospace, aviation, marine, mobile and storage, 3DOM is digitally transforming every aspect of the battery’s lifecycle, providing a social platform for the mobility of energy, people and things and allowing for the innovative business model of ‘Battery as a Service’.
Cosmos Global Resources Singapore is part of a Bangladeshi multinational conglomerate headquartered in Dhaka. The group’s diverse businesses include energy, technology, media, resources, logistics, water and defence.
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