Three Wheels United
Three Wheels United provides customized electric vehicle loans for low-income drivers of two- and three-wheelers in India, accessed through a mobile app that streamlines application, due diligence, and repayment. The company offers competitive interest rates, minimal down payments, and connects drivers to charging points, service stations, and a community of thousands of other drivers. Its lending partner, Shabri Investments, supports financing with funding up to 100% of vehicle cost.
- Financial Technology
- Mobility & Transportation
- Clean Technology
Funding
Funding not disclosed
Founders
Founder details are not available yet.
Product
Problem
Low-income drivers in India face significant barriers to accessing electric vehicles due to high upfront costs and a lack of affordable financing options. Traditional lending processes involve lengthy paperwork and stringent eligibility criteria, limiting vehicle ownership and perpetuating reliance on polluting, costly petrol-based transport.
Solution
Three Wheels United provides customized electric vehicle loans for low-income clients, primarily for three-wheelers and two-wheelers, accessed through a simple mobile app. The company streamlines the entire borrowing process—from application and due diligence to repayment and loan management—within the app, with competitive interest rates and minimal down payments. Their platform also connects drivers with charging points, service stations, and a community of thousands of other drivers for ongoing support. Beyond financing, Three Wheels United offers financial literacy workshops and support networks to boost drivers' earning potential and ensure long-term success with their electric vehicles.
Target Audience
Primary customers are low-income drivers of three-wheeler and two-wheeler vehicles in India who need affordable financing to transition from petrol-based vehicles to electric ones.
Features
- App-based loan application with pre-approval in minutes, eliminating lengthy paperwork and delays
- 24-hour due diligence process for rapid loan approval
- All-in-one vehicle and loan management within the app, including payments, loan progress tracking, and access to key documents
- Community engagement features connecting users to charging points, service stations, and RTOs for vehicle-related support
- Loan products available for both electric two-wheelers and three-wheelers through lending partner Shabri Investments
- Loan calculator tool on website for indicative EMI estimation
- Transparent terms and fees with no hidden charges