Chennai: Mahindra Electric Mobility Ltd, part of the $20.7 billion Mahindra Group, and Three Wheels United (TWU), a social enterprise providing affordable financing, recently signed a Memorandum of Understanding (MoU). The MoU was signed during the Auto Day celebrations recently on 17 November.
A release stated that under this MoU, Mahindra Electric and TWU will work together to accelerate the adoption of electric three wheelers in India. This will include the identification and financing facility for auto drivers, so that 2,000 Mahindra Treos are rolled out across the country, by next year, as a result of this association, the release stated.
The MoU also highlights the use of Mahindra’s NEMO (Next Generation Mobility Solution) as the preferred mobility solution platform to be used by the TWU.
CEO, Mahindra Electric, Mahesh Babu, said, “As the pioneers of electric mobility, we are happy to join hands with Three Wheels United to help accelerate the adoption of the Mahindra Treo. Built on India’s first Lithium-ion battery, three-wheeler platform, we are confident that the Treo will transform the way urban India travels. Associations with partners like these will make it easier for drivers to adopt electric mobility, and for our cities to be more environment friendly.”