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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 51–100
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 6000 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 Two Regions

Press Mentions

November 2, 2018

i3 Connect - Discover i3 Market Intelligence

Read more »

May 15, 2024

PHF Leasing Diversifies Electric Vehicle Loan Portfolio, Including New Financing Options for Electric Cargo Vehicles and Used E-Rickshaws

Read on EMobility+ »

March 1, 2023

Three Wheels United to be operational in 27 cities by April

Read on ETAuto.com »

February 6, 2023

Log9 Materials partners with Three Wheels United and Eqaro | Startup Story

Read on Startup Story »

December 26, 2022

Three Wheels United Inks Pact With Piaggio Vehicles To Procure 3,300 Electric Three-Wheelers

Read on Outlook India »

November 25, 2022

Three Wheels United and Zyngo join hands to drive EV adoption for last-mile delivery

Read on Financialexpress »

Work at Three Wheels United

Posted June 8, 2023

Python Backend Developer

Noida, Uttar Pradesh, India

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Posted June 8, 2023

Java Developer

Noida, Uttar Pradesh, India

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