Three Wheels United Launches Buyback Programme To Accelerate Adoption of E-auto-rickshaws

Business World | Feb 28, 2020 at 8:23 PM
  • Three Wheels United (TWU), a Bangalore based social enterprise that offers holistic financing solutions for auto drivers to own a light electric vehicle, has launched an auto-rickshaw buy-back scheme to promote the adoption of electric Auto Rickshaws in India.
  • The launch of the programme is in line with TWU’s committed plan to finance 10,000 electric vehicles (EVs) in the next one year and 100,000 EVs by 2024.
  • To make the switch to EVs even more accessible for drivers, TWU is working with large manufacturers, such as Mahindra Electric to buy-back and scrap vehicles older than ten years.