twu will provide the required financing solutions for drivers and zyngonew delhi three wheels united twu a global fintech company for ev financing has partnered with zyngo a ev logistics platform for the ecommerce industry to accelerate adoption of electric vehiclesevs for lastmile deliverythrough this partnership three wheels united will facilitate loans for partner drivers of zyngo to switch from conventional cargo autos to ev cargo vehicles twu and zyngo will deploy over 2500 ev 3wheelers across delhi ncr bengaluru chennai and hyderabad by the end of the financial year 2023 the companies said in a media release advt twu will provide the required financing solutions for drivers and zyngo will assist drivers with vehicle maintenance access to charging infrastructure servicing and ensuring minimal vehicle downtime for operations the release said cedrick tandong ceo and cofounder three wheels united said one of the largest sources of worldwide carbon emissions is lastmile delivery largescale reduction in emission requires collaboration between different stakeholders in the ecosystem this partnership with zyngo is a step in that direction zyngo and three wheels united have a shared vision of reducing the climate impact of the transportation sector we are excited to partner with zyngo to remove barriers to ev adoption and promote sustainable lastmile connectivity prateek rao ceo and founder zyngo ev mobility said we are driving ahead the electrification of last mile delivery services across the ecommerce spectrum this initiative requires such collaborations to enable the empanelment of the ev ecosystem in the last mile delivery space twus financing solutions combined with zyngos fully competent and advanced logistics tech platform and fleet management will strive the ev ecosystem and enable faster adoption twu and zyngo are on the same track of zero tailpipe emission from vehiclesthree wheels united has over 50000 drivers on its platform offering them various products and services the company has financed over 4000 autorickshaws resulting in the reduction of 172000 tonnes of co2 emissions and the generation of an extra usd 71 million in income for the drivers advt very recently twu raised usd 10 million as a part of series a funding led by delta corp holdings with participation from new and existing investors with the new investment three wheels united is in the process of scaling up twowheeler and threewheeler financing in india by partnering with the government and other industry players twu has also started pilots in the middle east africa and other emerging markets to improve driver livelihoods and reduce air pollution globally the company said also read ev charging station opened at chennai airportset up by indian oil corporation limited the charging station has a dc charger and one ac type 2 charger the charging points and charging capacity up to 120kw would be increased in line with demand said a statementsee more details etauto published on nov 25 2022 at 0538 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post