In a state of affairs when there is much talk about reducing carbon footprints and building up infra-structure in India to support electric vehicles, one Bengaluru based company is putting its money where their mouth is – literally. Three Wheels United is a tech-enabled financier for light electric vehicles in emerging markets, starting with the auto rickshaws in India. TWU was founded with an aim to reduce air pollution and generate more income for auto rickshaw drivers by helping them switch to electric auto rickshaws through providing tailored financing solutions.
We spoke to Cedrick Tandong, CEO and Founder, Three Wheels United:
While EV’s are slowly but surely gaining market share in India, kindly comment on whether India is truly ready for EV’s in terms of infrastructure and government policies/initiatives. What can be done to make the road ahead easier for all EV technology?
India is at the forefront, moving around quickly and making policies than other governments in the EV space. Yes, India is ready in terms of execution. This can be seen through the FAME 2 scheme to accelerate EV adoption. Various states have adopted their EV policies and the tax laws around electric vehicles are very favourable. When it comes to the infrastructure the government is creating an environment so that private players can deploy the infrastructure but more needs to be done facilitating public-private partners to deploy charging points and sometimes taken care by the government itself. There is much to be done to enable public charging and battery swapping. But yes, private players are playing their roles.
This story is from the May 2021 edition of The Machinist.
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This story is from the May 2021 edition of The Machinist.
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