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Three Wheels United

Facilitating the electrification of India’s 175M Light Vehicles

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Cedrick Tandong

CEO&Cofounder at Three Wheels United

More about Cedrick »
Employees 21–50
Headquarters Bengaluru, Karnataka, India
Three Wheels United (TWU) is a tech-enhanced finance company that provides affordable loan and leasing options for light Electric Vehicles (EVs). They make auto-rickshaw EVs an accessible option to India’s 175 million light vehicle drivers, improving driver livelihoods while addressing the global climate crisis. Their data-driven technology, called Prayana, combines tailored loan management and asset management, allowing them to offer competitive loans while removing barriers for uptake, de-risking their lending, keeping operations costs and default rates low, and improving driver income. Originally built in partnership with Microsoft (which has continued to be a partner through TWU’s expansion), their platform analyzes data via machine learning models that predict behavior changes and trigger actions to prevent and dissuade defaulting behavior. Via its mobile app, drivers improve the understanding of their loans and repayments habits while collection agents can maintain a high quality of larger portfolios efficiently.

Notable Achievements

  • Deployed over 3500 clean vehicles on the road with less than 1% default on repayments.
  • Partnered with India's leading EV manufacturers and ride-hailing/cargo delivery platforms for fleet electrification.
  • Raised capital from renowned development financial institutions, including Asian Development Bank and Techstars.

Currently Operating in One Region

Press Mentions

November 2, 2018

i3 Connect - Discover i3 Market Intelligence

September 21, 2021

COGOS partners with Three Wheels United to provide EV financing to driver partners - ET Auto

August 21, 2021

Three Wheels United partners Piaggio Vehicles to accelerate adoption of electric 3-wheelers - ET Auto

June 27, 2021

‎D3 Mission LOG: Season 2 Episode 5 - Welcome to our Journey to build the world’s largest climate tech accelerator on Apple Podcasts

May 19, 2021

The 2021 #APAC25

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