Three Wheels United Forays Into 2W EV Financing

Mobility Outlook Bureau
13 Oct 2022
01:34 PM
1 Min Read

Over the next six months, TWU aims to finance 2,000 two-wheelers across Karnataka and Delhi NCR


Three Wheels United, it raised $10 million as a part of Series A funding
Three Wheels United, it raised $10 million as a part of Series A funding

Three Wheels United (TWU), a global fintech company for EV financing, has forayed into two-wheeler EV financing. Over the next six months, it aims to finance 2,000 two-wheelers across Karnataka and Delhi NCR, noted Cedrick Tandong, CEO and Co-Founder, TWU. 

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.”

TWU has over 50,000 drivers on its platform, offering various products and services. The company has financed over 4,000 auto-rickshaws so far. Recently, it raised $10 million as a part of Series A funding led by Delta Corp Holdings with participation from new and existing investors.

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