Financing for last mile cargo three wheeler electric vehicle

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.