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27 Dec 2022

Three Wheels United Partners With Piaggio For 3,300 Electric 3 Wheelers

By News Date 27 Dec 2022

Three Wheels United Partners With Piaggio For 3,300 Electric 3 Wheelers

Three Wheels United (TWU) is an EV financing firm that provides an easy financing solution for fleet operators and individuals switching to EV segments from traditional engines.  

The tech-enabled EV financing firm Three Wheels United (TWU) inked a partnership with the 3-wheeler pioneer brand Piaggio Vehicles. The pact is for procuring 3,330 electric vehicles, which will come into use in the next 18 months. Per the pact, the TWU will provide easy options for financing vehicles to the fleet owners. In addition, this will benefit all owners willing to switch to electric from conventional engine vehicles. 

According to the company, the drivers will receive up to 100% of loans or financing without collateral. The driver app of the TWU offers the location of the charging stations, parking stations and vehicle maintenance. The app will provide constant support to the drivers or the owners. TWU also offers the buyback option in which the owner to sell their current conventional vehicle, older than 10 years. In addition, after the buyback, you can purchase any Piaggio vehicle with a down payment of Rs. 29,999. The vehicles will get across Delhi-NCR, Uttar Pradesh, Karnataka, Kerala, Telangana, Maharashtra, and Andhra Pradesh over the next one and a half years. 

The Chairman & MD of Piaggio Vehicles, Diego Graffi, said, “Our recently launched passenger vehicles Apé E-City FX Max and Apé E-Xtra FX Max have received overwhelming responses, especially from last-mile delivery partners. The MoU with Three Wheels United will further strengthen our commitment to building India’s EV infrastructure with competent and reliable partners.”

Piaggio will provide all the maintenance services to the customers with its wide dealers and service centre network. 

CEO & Co-Founder of  Three Wheels United, Mr Cedrick Tandong, said, “Currently, there are over 13 lakhs EVs registered in the country. A lot needs to be done in order to achieve mass adoption of EVs in India. We need an ecosystem approach to remove the barriers to easy adoption. Collaboration among vehicle manufacturers, financiers, and charging infrastructure providers can pave the way for mass adoption of EVs in India.

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