COGOS, Bangalore based logistic player had partnered with Three Wheels United (TWU) – a Bangalore-based financier of light electric vehicles to offer Electric Vehicle (EV) financing solutions to driver partners.
This alliance will help driver partners to get easy financing for over 500 EVs.
As mentioned in the official communique, COGOS and TWU tie-ups will address the current market challenge by providing smoother finance on the on-road price, easy payments and assured earnings.
“The changing landscape and evolving demands of clients has changed the dynamics of logistic businesses. EV as a business model looks ideal for many; however, EV finance has been a major hurdle for a complete EV adoption. We are very excited about the partnership with TWU. Beyond ensuring acceleration of our EV adoption goals it also helps our driver partners to be relevant to the current market demands.” says Prasad Sreeram, CEO & Co-Founder, Cogos.
Cedrick Tandong, CEO and Co-Founder, Three Wheels United said, “We continue to expand our partnership with logistic operators making it easier for logistic partners and their drivers to switch to electric vehicles through the TWU platform. Our partnership shows our commitment to logistic operators and their drivers who can now easily shift to economical, highly profitable, and less pollutive vehicles. We welcome other partners onboard”