Three Wheels Foundation
Section 8 Not-For-Profit
Increasing impact and reach through stakeholder management and community engagement
Our first clients in India are the tuk-tuk drivers. There are 12M drivers that create an annual lending opportunity worth $1.5B. More than 50% of these drivers are renting due to a lack of financing, thus they remain operating highly pollutive vehicles and earning half of their income potential.
This creates the opportunity to decarbonize this market and capture a large share in this market by financing the shift to electric vehicles.