Bengaluru, 4th November, 2022: Three Wheels United (TWU), a global fintech company for EV financing, presents the 9th edition of ‘Auto Day’ on the occasion of late actor Shankar Nag’s birthday on the 9th of November. The event will be held at Swami Vivekananda Playground, BTM Layout from 10AM to 7PM. More than 3000 drivers and their families will participate in the event.
Celebrated on the day of Shankar Nag’s birthday, a movie star and cult icon amongst Bengaluru’s auto drivers, Auto Day was started by TWU and PeaceAuto with an aim to bring dignity to the auto driver community and to recognize their importance in our society. The event will have many activities such as health checkups and covid vaccinations for drivers and their families, Shankar Nag Award and gold medals for outstanding service, and felicitation of women drivers. In addition, 10 laptops will be distributed to children of drivers, and daughters of 10 drivers will each receive a scholarship worth 10,000 rupees for higher education.
Over the last several years, Three Wheels United has been steadfastly working towards improving the income of auto drivers by helping them switch from conventional engines to EV vehicles. The company provides affordable financing solutions for drivers to buy electric auto rickshaws. Till date, the company has financed 4000+ EVs and they work with 50,000 drivers through their platform, offering them various products and services.
Commenting on the event, Cedrick Tandong, CEO and Co-Founder, Three Wheels United, said, “For over ten years now, we have been closely working with Auto rickshaw drivers in the city to identify and address the challenges they face. From affordable financing to a mobile app exclusively for drivers to seamlessly operate their EVs and loan repayments, we have introduced many initiatives to improve their income and their quality of life. We believe that drivers play a very important role in the everyday lives of urban commuters. Through this event, we want to honour their work, celebrate their accomplishments, and acknowledge their contribution to urban transportation”
About Three Wheels United (TWU)
Three Wheels United is a global fintech company that has developed a disruptive platform to finance light electric vehicles. The company leverages technology to provide the most comprehensive, affordable loans, and rent-to-own options to India’s micro entrepreneurs to help them easily switch to EV two and three-wheelers. TWU employs behaviour-informed proprietary technology to increase the accuracy of credit risk assessment and loan repayment rates, expanding access to financial products to populations that would be otherwise excluded from vehicle financing.