Three Wheels United Launches Operations In Kerala
Three Wheels United (TWU) has started its operations in Kerala. TWU has flagged off its services in places such as Kochi, Calicut, Thrissur, Trivandrum and Malappuram. Over the next six months, the company aim to finance more than 1000 two and three-wheelers in Kerala.
The company provides affordable financing solutions for drivers to easily make the switch from conventional vehicles to EV two and three-wheelers. Founded by Cedrick Tandong, Kevin Wervenbos, and Apurv Mehra in 2017, the company has been steadfastly working towards removing financial barriers in the adoption of EVs in India and now globally.
In 2019, Kerala’s Electric vehicle policy set an ambitious target of introducing 1 million EVs by 2022. Since then, several EV initiatives have been implemented in the state to drive the mass adoption of EVs. During the 2022 financial budget, the state government announced an incentive of Rs 25,000 to Rs 30,000 for every EV vehicle in the rollout of 10,000 e-autos in select cities. Furthermore, other initiatives to improve charging infrastructure and enable easy access to finance have also been introduced to effectively implement the state’s e-vehicle policy.
“The adoption of Electric Vehicles has seen a steady increase in Kerala and the demand for EVs has significantly increased over the years. We believe that access to affordable financing can further contribute to the mass adoption of EVs in the state. After an overwhelming response in Karnataka and Delhi NCR, we are excited to launch operations in a key strategic market like Kerala. We look forward to supporting micro-entrepreneurs to switch to cleaner and more economically viable last-mile alternatives” said Cedrick Tandong, CEO and Co-Founder of Three Wheels United.
