Three Wheels United Plans To Bring Affordable EV Financing To 27 Cities By April 2023 In India

Three Wheels United

Three Wheels United (TWU), an Indian fintech startup that focuses on electric vehicle financing, aims to become operational in 27 cities by April 2023. In addition to its 16 existing cities, the start-up aims to be present in 11 additional cities.

It has more than 50,000 drivers registered on its platform and offers a variety of products and services. It claims it has funded over 4,000 auto-rickshaws, resulting in the emission reduction of over 172,000 tonnes of carbon emissions and an additional $71 million in income generation for drivers.

As part of Series A funding, Delta Corp Holdings led the fundraising. Existing and new investors participated. TWU also has pilots in Africa, the Middle East, and other markets. This is to help improve drivers’ livelihoods and reduce global air pollution. It has recently also explored financing electric two-wheelers.

Cedrick Tandong is the CEO and co-founder of Three Wheels United. He said that “We are thrilled to announce our expansion in 11 new cities, increasing our total presence to 27 across India.” TWU’s goal is to make electric vehicles more affordable for clients with lower incomes. We have been overwhelmed by the response to our request. We are looking forward to working with more drivers to promote mass EV adoption in India.

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Three Wheels United will be opening operations in Agra, Kanpur, Faizabad, Aligarh, Lucknow, Bareilly, and Kannur over the next month.

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