Bengaluru based tech-enabled financier of light electric vehicles, Three Wheels United has announced its partnership with city logistics company Porter to enter into the cargo segment.
“Through this partnership, Three Wheels United will facilitate loans for partner drivers of Porter to easily switch from conventional cargo autos to EV cargo vehicles,” the company said.
“This partnership is in line with Three Wheels United’s commitment to increase the adoption of electric auto-rickshaws in India and promote sustainable mobility,” it added.
Speaking on the partnership, Pranav Goel, CEO, and Co-Founder, Porter, said “As a leading intracity logistics company, we are committed to building an eco-system that will bring down carbon footprint and operations cost for our driver-partners. As a first step, we have partnered with Three Wheels United, a technology-enabled financier of light electric vehicles, to provide easy financing options and help our driver-partners procure EV at lucrative terms.”
“This partnership will provide a great opportunity for our partner drivers to shift to a more economical, highly profitable, and less pollutive vehicle,” Goel added.
Commenting on the expansion, Cedrick Tandong, CEO & Co-Founder, Three Wheels United, said, “TWU’s expansion into the cargo and logistics segment is another significant step towards our committed plan to remove barriers to increase the adoption of EVs in India. Our overarching goal is to reduce the climate impact of the transportation sector by helping drivers of three-wheelers seamlessly switch to cleaner mobility. We are happy to be partnering with Porter to help their driver-partners to shift to electric three-wheelers and positively impact the environment”