ICT Desk

Farmers Market Asia, a pioneering force in global sustainable agri-solutions, and Cassetex, a leading electric vehicle solutions company has jointly launched the region's first electric power tiller at the International Exhibition on Electric Vehicle & Mobility Industry (BEVMX) 2024 in Dhaka today. Cassetex, the country's first battery swapping network is showcasing various electric vehicle products, including the power tiller. This Electric Power Tiller comes with battery-swapping technology, giving farmers the opportunity to rent affordable batteries to strengthen their farming ecosystem.

A Memorandum of Understanding (MoU) was signed between Gopal Kumar Mohoto, Co-founder and Chief Technology Officer, Cassetex; and Tariqul Islam, Founder and MD, Farmers Market Asia. Also present at the signing ceremony were Tauseef Anwar, Co-founder & Chief Business Officer; Ahmad Ad, Co-founder & Chief Executive Officer, Cassetex; Monjur Rakib Bhuiyan, Head of Strategy, Farmers Market Asia.

High-ranking government and NGO officials, industry leaders, journalists, students and innovators were present at the event signaling a bold step forward in Asia’s modern agricultural transformation.

Created by talented researchers at the Advanced Dynamics EV Research Center of Cassetex, it aims to replace traditional polluting fossil fuel power tillers with high-efficiency battery-powered electric motors. This revolutionary product will support conversion of existing diesel power tillers, representing a global market size of BDT 800 billion.

The electric power tiller will reduce 60% fuel cost of farmers, which will create scope for them to reinvest in their farms. Moreover, the battery-swapping mechanism allows farmers to work without interruption. Switching from diesel to electric power significantly cuts down on emissions and opens the door to using renewable energy, aligning with Bangladesh's environmental goals and setting a strong example for sustainable farming in the region.

The Electric Power Tiller launch is a critical step in Farmers Market Asia’s expansive growth strategy to scale green innovations across Asia, MENA and African region, including key markets in the UAE, Thailand, Malaysia, Vietnam, Sudan, Pakistan and many more. Farmers Market Asia is leveraging its robust regional agriculture network to ensure this transformative technology reaches those communities where efficient, cost-effective, and environmentally conscious farming solutions are most needed. Cassetex, using its rapidly expanding battery swapping network of micro energy entreprenuers and expertise in multi-sector electrification, ensures that clean energy is available for farming partners wherever it is needed.

Farmers Market Asia and Cassetex will continue to lead a revolutionary change toward a more sustainable, profitable, and scalable approach to farming across emerging markets.