Case Study
Three Wheels United (TWU)
Empowering auto-rickshaw drivers with sustainable electric vehicles through innovative financing and technology
Digital TransformationWeb Portal DevelopmentMobile App DevelopmentIT Infrastructure
Industry: Sustainable Transportation & Fintech
Duration: Ongoing Partnership
The Challenge
Auto-rickshaws are a vital component of urban transportation in India, yet many drivers face significant challenges, including low income, high operational costs, and limited access to affordable financing. Traditional financial institutions often hesitate to extend credit to drivers due to perceived risks and lack of formal documentation. This gap has historically forced drivers to rely on high-interest loans from informal lenders, perpetuating a cycle of debt and limiting their ability to invest in more efficient vehicles.
Key Challenges
- Limited access to affordable financing for drivers
- High operational costs and low income for auto-rickshaw drivers
- Reliance on high-interest loans from informal lenders
- Lack of technological infrastructure to support operations
Environmental Impact
- High carbon emissions from conventional auto-rickshaws
- Significant contribution to urban air pollution
- Need for sustainable transportation alternatives
- Limited adoption of electric vehicles due to financing barriers