Three Wheels United Enters Into Electric Two-Wheeler Financing

Three Wheels United

Three Wheels United (TWU), a fintech company that specializes in EV financing, is now offering two-wheeler EV finance. Cedrick Tandong, the CEO and Co-Founder of TWU stated that it plans to finance 2,000 two-wheelers in Karnataka as well as Delhi NCR over the next 6 months.

He said, “Over the last several years of working in the EV ecosystem and interacting closely with all the stakeholders, we know that flexible financing options can be a driving force towards making EVs accessible and affordable. With our extensive experience in financing E3Vs, we are uniquely positioned to better understand the requirements of E2W owners and offer tailor-made financing solutions for our clients.”

“At TWU, our larger goal is to decrease reliance on fossil fuels and reduce the climate impact of the transportation sector. Our foray into two-wheeler financing is a step towards eradicating barriers to mass adoption of EVs in India,” he concluded.

TWU boasts more than 50,000 drivers and offers a variety of products and services. So far, the company has funded more than 4,000 auto-rickshaws. It raised $10 million in Series A funding, led by Delta Corp Holdings and with the participation of existing and new investors.

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