Three Wheels selected as cohort of climate innovation startups

Bengaluru: Three Wheels United, a Bengaluru-based tech-enabled financier of light electric vehicles, has been selected for Third Derivative's inaugural cohort comprising 50 climate innovation startups. Third Derivative (D3), a joint venture of Rocky Mountain Institute (RMI) and New Energy Nexus, is a global, vertically integrated engine for climate innovation. They find, fund, hone, and scale the most-promising technologies to achieve larger, faster reductions in global carbon emissions.

The inaugural cohort known as 'Cohort 417' named for this year's peak atmospheric carbon dioxide concentration of 417.1 ppm recorded in May, comprises startups spanning across sectors such as electricity, transportation, buildings, industry, energy access, food and agriculture, and financial and business model innovation. Three Wheels is one among the only three startups shortlisted from India.

Three Wheels United (TWU) was founded with an aim to reduce air pollution and generate more income for auto rickshaw drivers by helping them switch to electric auto rickshaws.

Commenting on the selection, Cedrick Tandong, CEO and Co-Founder, Three Wheels United said" We are excited to be a part of one of the largest climate innovation cohorts. At Three Wheels United, our overarching goal is to reduce the climate impact of the transportation sector by helping auto rickshaw drivers seamlessly switch to cleaner mobility. This collaboration with Third Derivative will surely help us accelerate our efforts towards promoting sustainable last mile connectivity"