What is Three Wheels United?
Founded in 2017, Three Wheels United operates at the intersection of fintech and sustainable infrastructure. The company provides specialized, affordable financing solutions tailored for drivers transitioning from conventional internal combustion engine vehicles to electric two and three-wheelers. Central to its market position is a behavior-informed proprietary technology platform that enhances the precision of credit risk assessments. By optimizing loan repayment structures, the company effectively expands access to financial products for populations historically excluded from formal vehicle financing, thereby facilitating a broader adoption of electric vehicles in emerging markets.
How much funding has Three Wheels United raised?
Three Wheels United has raised a total of $10M across 1 funding round:
Series A
$10M
Series A (2022): $10M with participation from Delta Corp Holdings, Techstars, and Grip Invest
Key Investors in Three Wheels United
Delta Corp Holdings
A diversified investment firm with a focus on long-term capital appreciation and strategic infrastructure development.
Techstars
A global investment network that provides access to capital and mentorship for early-stage, high-growth technology startups.
Grip Invest
An investment platform specializing in asset-backed financing and alternative investment opportunities for retail and institutional investors.
What's next for Three Wheels United?
With this major strategic investment, Three Wheels United is poised to scale its operations and refine its credit-scoring algorithms to support a larger fleet of electric vehicles. The company is expected to focus on expanding its geographic footprint and deepening its partnerships with original equipment manufacturers to streamline the procurement process for drivers. As the demand for sustainable last-mile delivery solutions continues to rise, the firm's ability to mitigate credit risk while promoting environmental sustainability will be a key determinant of its long-term growth trajectory and market influence.
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