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.
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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.
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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.