About Three Wheels United
Three Wheels United is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2010 by Cedrick Tandong. It operates as an electric vehicle financing is offered to low-income clients. It operates in the Transportation, Automotive & Logistics and Financial Services sectors. Three Wheels United has raised $10.12 million across 3 funding rounds from investors including Grip Invest, Delta Corp and Techstars. Its chief executive is Cedrick Tandong. Its Indian entity Three Wheels Capital Private Limited reported revenue of ₹5.91 Cr. Three Wheels United offers products and services including 2 Wheeler Loan and 3 Wheeler Loan. Its focus areas include Consumer, Auto E-Commerce & Content, Financing and Internet First Lender. Its competitors include Turno, VidyutTech, Ohm Mobility and GoMylz Mobility; 3 of its 4 listed competitors have raised funding.
Company details
Founded in 2010 in Bengaluru, India, Three Wheels United operates in the electric vehicle financing sector. Access to electric two-wheelers and three-wheelers is facilitated through lending partnerships for low-income individuals. An app is provided for loan management and service connections. Financial literacy workshops and support networks are also offered to assist clients in their financial processes.
- Headquarters Bengaluru, India
- Founders Cedrick Tandong
- SectorsTransportation, Automotive & LogisticsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website threewheelsunited.com
- Social LinkedIn X Facebook
- Legal Name Three Wheels Capital Pvt Ltd
- Date of Incorporation 27 Apr, 2017
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹5.91 Cr
FY 2024 · +19% YoY
- Net Loss-₹3.07 Cr
FY 2024 · -52% margin
- EBITDA-₹1.96 Cr
FY 2024 · -33% margin
- Total Equity Funding$10.12M (USD)
in 3 rounds
- Latest Funding Round$10M (USD), Series A
May 2022
- InvestorsGrip Invest
& 3 more
Associated legal entities of Three Wheels United
Three Wheels United is associated with 3 registered companies on The Company Check; the primary company is Three Wheels Capital Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Three Wheels Capital Private Limited CIN U72100KA2017FTC102646 | Active | 27 Apr 2017 | Bangalore, Karnataka | ₹5.9 Cr | – | 2 | View details |
| Deltabulk Shipping India Private Limited CIN U63090UP2019PTC122797 | Active | 28 Oct 2019 | Noida, Uttar Pradesh | ₹39.8 Cr | 52 | 2 | View details |
| Three Wheels United India Services Private Limited CIN U74900KA2010FTC054961 | Active | 26 Aug 2010 | Bangalore, Karnataka | ₹0.0 Cr | – | 2 | View details |
Products & Services of Three Wheels United
Three Wheels United offers a comprehensive portfolio of products and services, including 2 Wheeler Loan and 3 Wheeler Loan.
Loan for electric two-wheeler vehicles with up to 100% funding.
Loan for electric three-wheeler vehicles with flexible repayment terms.
Apps and channels of Three Wheels United
Three Wheels United publishes 1 mobile app with over 10K+ downloads.
Funding Insights of Three Wheels United
Three Wheels United has successfully raised a total of $10.12M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in May 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $10.12M
- Total Rounds 3
- Last Round Series A — $10M
- First Round $120,000
(Feb 2019)
- Investors Count 4
All 3 funding rounds of Three Wheels United with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2022 | – | Debt – Conventional | – | – | |
| May 2022 | $10M | Series A | – | Delta Corp | |
| Feb 2019 | $120,000 | Seed | – | Techstars, GINCO Investments | – |
4 investors in total: 4 institutional.
Investors in Three Wheels United
Three Wheels United has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Grip Invest, Delta Corp and Techstars.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startups are accelerated globally without sector restrictions through structured programs. | 2006 | techstars.com | New York, United States | |
Early-stage UAE tech startups are invested in by GINCO Investments. | – | ginco.investments | Dubai, United Arab Emirates | |
Gaming & hospitality firm | 1990 | deltacorp.in | Mumbai, India | |
Platform offering investments in bonds, secured debt instruments, and fixed deposits | 2020 | gripinvest.in | Gurugram, India |
Investor details for Three Wheels United
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Three Wheels Capital Private Limited (Three Wheels United)
Three Wheels Capital Private Limited is the primary company behind Three Wheels United. The boards of the 3 registered companies of Three Wheels United currently have 5 directors; the longest-serving is Tandong Cedrick Neba, appointed in 2017. 17 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Tandong Cedrick Neba DIN 07614408 | Director | 27 Apr 2017 | 9 yrs 5 mo | Three Wheels Capital Private Limited, Three Wheels United India Services Private Limited |
| Sumanta Das DIN 09079038 | Director | 01 Mar 2021 | 5 yrs 7 mo | Deltabulk Shipping India Private Limited |
| Chinna Veera Badrayya Shantaraju Tejas DIN 09466669 | Director | 13 Jan 2022 | 4 yrs 9 mo | Three Wheels United India Services Private Limited |
| Pullak Gupta DIN 00781372 | Director | 14 Apr 2023 | 3 yrs 6 mo | Three Wheels Capital Private Limited |
| Vikram Charan DIN 11342652 | Additional Director | 14 Oct 2025 | 1 yr | Deltabulk Shipping India Private Limited |
People of Three Wheels United
4 people are tracked at Three Wheels United (2 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
Sugandha Sharma | Head Of Human Resources (avp - Hr) | Leadership |
Piyush Tyagi | Sales Manager | Team |
Salim Malariya | Building Three Wheels United | Team |
Complete people profiles for Three Wheels United
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Three Wheels United
Figures of Three Wheels Capital Private Limited, the primary company behind Three Wheels United, for FY 2024. Revenue was ₹5.91 Cr (+19% year on year). Net loss was -₹3.07 Cr (-52% margin). EBITDA was -₹1.96 Cr (-33% margin). Revenue has grown at a compounded annual rate of +54% over three years and +129% over five years.
- ₹5.91 CrRevenue · FY 2024 · +19% YoY
- -₹3.07 CrNet loss · -52% margin
- -₹1.96 CrEBITDA · -33% margin
- ₹4.00 CrPaid-up capital
- +54%Revenue CAGR, 3 years
- +129%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Three Wheels Capital Private Limited are on its company page.
Detailed financial statements for Three Wheels United
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Three Wheels United
3 dated milestones of Three Wheels United across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Three Wheels United is founded.
- Funding First funding round of $120K.
- Funding Latest funding round, Series A, of $10.0M.
Competitors of Three Wheels United
Three Wheels United has 4 listed competitors in our database, 3 of them funded. They include Turno, VidyutTech, Ohm Mobility and GoMylz Mobility, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| turno.club | 2021 | Bengaluru, India | $23.6M | 294 | Commercial electric vehicles are offered through an online marketplace. | |
| vidyuttech.in | 2021 | Bengaluru, India | $17.59M | 109 | Electric vehicle financing and ownership platform is offered. | |
| ohmmobility.com | 2020 | Bengaluru, India | $619,840 | – | A platform for financing electric vehicles is provided to users. | |
| gomylz.com | 2021 | Delhi, India | – | – | Serves as an online platform for financing electric vehicles, simplifying access for consumers. |
Detailed competitors of Three Wheels United
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Three Wheels United
The website of Three Wheels United (threewheelsunited.com) receives about 1.1K visits a month.
- Monthly visits1.1K
▲ 6.4% vs previous month
Websites whose visitors overlap most with Three Wheels United. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| enviu.org | 98% | 8.2K | #2,632,778 | View details |
Top companies in Automotive Retail & Aftersales
10 companies that operate in the same segment as Three Wheels United (Automotive Retail & Aftersales), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Pre-owned vehicles are sold online with financing and valuation services. | 2012 | Phoenix, Arizona, United States | USD 460 M | USD 20.32 B | 17,400 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 655.23 M | USD 216.04 M | 461 | |
Retailer of inspected, certified pre-owned vehicles with service and finance options | 2015 | Gurugram, Haryana, India | USD 716.48 M | USD 446.48 M | 3,992 | |
Pre-owned cars are certified, inspected, and traded online via Kavak. | 2016 | Lerma De Villada, Estado De Mexico, Mexico | USD 1.98 B | – | 2,500 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 206.3 M | – | – | |
Provider of car service and repair network | 2016 | Gurugram, Haryana, India | USD 62.01 M | USD 8.06 M | 171 | |
Second-hand cars are listed online to connect buyers and sellers. | 2003 | Mumbai, Maharashtra, India | USD 5.89 M | USD 5.28 M | 451 | |
Vehicle parts and accessories are sold via an online platform. | 1897 | Walsall, West Midlands, United Kingdom | USD 20.37 M | – | – | |
Full-stack marketplace services for car ownership are provided. | 2015 | Singapore, Singapore | USD 685.9 M | USD 806.83 M | 1,000 | |
Retailer of new automobiles, used vehicles, and related automotive news | 2008 | Jaipur, Rajasthan, India | USD 60 M | USD 289.58 M | 721 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Three Wheels United
Complete news archive for Three Wheels United
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Three Wheels United
Three Wheels United was founded in 2010 and raised its 1st funding round 9 years after it was founded.
Three Wheels United is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Cedrick Tandong is the current CEO of Three Wheels United. They have also founded this company.
Three Wheels United is a funded company, having raised a total of $10.12M across 3 funding rounds to date. The company's 1st funding round was a Seed of $120K, raised on Feb 2019.
The primary company behind Three Wheels United, Three Wheels Capital Private Limited, reported revenue of ₹5.91 Cr for FY 2024, up 19% year on year.
Founded in 2010 in Bengaluru, India, Three Wheels United operates in the electric vehicle financing sector. Access to electric two-wheelers and three-wheelers is facilitated through lending partnerships for low-income individuals. An app is provided for loan management and service connections. Financial literacy workshops and support networks are also offered to assist clients in their financial processes.
Three Wheels United's top competitors include VidyutTech, Turno and Ohm Mobility.
Three Wheels United offers 2 Wheeler Loan and 3 Wheeler Loan.
Three Wheels United has 4 investors. Key investors include Grip Invest, Delta Corp, Techstars, and GINCO Investments.
Three Wheels United is associated with 3 legal entities: Three Wheels Capital Private Limited, Three Wheels United India Services Private Limited, Deltabulk Shipping India Private Limited.
The legal entities of Three Wheels United currently have 5 directors, including Tandong Cedrick Neba, Pullak Gupta, Chinna Veera Badrayya Shantaraju Tejas and others.
Yes. Three Wheels United publishes Three Wheels United, with over 10,000 downloads.