Three Wheels United
India's working poor depend on two and three-wheelers to get around both big cities and rural areas. But most of these vehicles are diesel powered, creating negative impacts for health, pocketbooks, and the climate.
The Idea
Finance for Light Electric Vehicles
Total Investment
100000
Grants
0
Equity/SAFE
300000
Debt/Convertible Debt
Funded Since
2020
Geography
Sector
Structure
The Mission
Reduce emissions and improve air quality in India.
How It Works
India's OG version of ride hailing was autorickshaws. Three Wheels United connects these drivers—who depend on their vehicles to earn a living—to financing that lets them upgrade to electric vehicles (EVs). They also provide an app for managing payments, charging, and battery optimization.
The Dream
Drivers in India can afford cheaper, more efficient, and cleaner EVs, supplied by a growing industry of EV manufacturers, and financed by mainstream lending institutions.
Why We're In
Light vehicle gas emissions harm both people and planet, especially in poor countries. EVs are getting cheaper, but still require financing and new tech to help get them in the hands of drivers. Three Wheels United deeply understands drivers' needs, and doesn't try to pick technology 'winners' —their system can work with any type of EV!
Are you a serious funder and want to learn more?
This is just a snapshot of what we know about the organization. If you're an investor or funder that might send some serious dough their way, we're always delighted to share more. Reach out and we'll connect you with the right person on our team.
*this is not monitored for funding requests.