About
Financing for Last Mile Cargo Three-Wheeler Electric aims to unlock the electric three-wheel last-mile delivery market in India. This idea creates a debt financing platform to address the upfront cost barrier of obtaining delivery electric vehicles, and leverages a local EV manufacturer to further enhance community support and benefit. Based on the proponent’s estimates, the idea could enable financing of US $50 million per year at scale, with the potential to offset 4800 MT of CO2 by switching from a diesel fleet.
Details
Type: Mitigation
Sector: Transportation
Focus: Sustainable cities
Geography: India
Stage: Concept
Investment Type: Debt
Proponents: Evolve Electromotive Private Limited and Hudson Green Miles
Cycle: 2020
Contact
Proponents
Jayant Gupta, Evolve Electromotive Private Limited
Amitava Raychaudhuri, Hudson Green Miles