Three Wheels United funding, investors and company details

Three Wheels United is an emerging Financial Services - Fintech startup from Bengaluru, working in the space of Three Wheels United (TWU) operates in the financial services and electric mobility financing industry.. Founded by Kevin Wervenbos, Cedrick Tandong.

Company: THREE WHEELS UNITED INDIA SERVICES PRIVATE LIMITED
Sector: Financial Services - Fintech
Location: Bengaluru
Founders: Kevin Wervenbos, Cedrick Tandong
Total funding raised: ₹77.57 Cr

Company overview

Three Wheels United (TWU) is a Bangalore-based fintech-NBFC providing affordable financing for light electric vehicles, primarily auto-rickshaws, to promote EV adoption among drivers.TWU's mission focuses on three pillars: empowering driver ownership via 100% financing at 11-13% interest (vs. 30-70% traditional), boosting incomes by 70-75% through owned EVs, and reducing emissions via sustainable mobility. It combines loan/asset management platforms with financial literacy for unbanked drivers.As a tech-enhanced NBFC, it specializes in light electric vehicle financing, primarily auto-rickshaws, using AI-driven credit assessment, loan management, and asset tracking platforms

Funding rounds

Latest round (Series A): $ 10.00 Mn (₹77.57 Cr.), 2022-05-26. Investors: Delta Corp Holdings, Techstars