Three Wheels United (TWU), a global fintech company for EV financing, has raised $10 million as a part of Series A Funding led by Delta Corp Holdings with participation from new and existing investors. 

The company said in a statement that the current funding round is a combination of equity and debt from Delta Corp Holdings with participation from existing investor Techstars. The round also saw participation from investors in the Middle East, Europe and from Grip Invest. The company said the new investment will be used towards entry into new geographies in India and international markets, for strengthening operations in existing cities, enhancing TWU’s technology platform and growing its customer base.  

Three Wheels United has previously raised funding from Asian Development Bank Ventures, Techstars, Microsoft, and investors from the Middle East, Europe, and US.

Three Wheels United said it provides affordable financing solutions for drivers to easily make the switch from conventional vehicles to EV two and three-wheelers. Founded by Cedrick Tandong, Kevin Wervenbos, and Apurv Mehra in 2017, the company has been steadfastly working towards removing financial barriers in the adoption of EVs in India and now globally, the release claimed. TWU said it was founded with an aim to address the key impediments in the large-scale penetration of EV three-wheelers in India. The company has developed a disruptive platform to finance light electric vehicles. The company leverages technology to provide the most comprehensive, affordable loans, and rent-to-own options to India’s micro entrepreneurs to help them easily switch to EV two and three-wheelers.

Cedrick Tandong, CEO and Co-Founder, Three Wheels United, said, “Three Wheels United was founded with a belief that technology can accelerate our efforts towards promoting sustainable last-mile connectivity. Over the last several years of working in the EV ecosystem, we have gathered deep insights into some of the barriers to mass adoption of EVs. The lack of affordable financing continues to be a key obstacle for low-income clients to switch to EVs. We have identified these challenges and we have created a scalable solution that is tailored for our clients.”

He added, “We are pleased with the further validation of our business model. The new investment will accelerate our next phase of growth and enable us to establish a strong foothold in the existing markets and test out other markets. We intend to launch the two-wheelers category and expand to ten more cities by the end of this year. TWU has long-lasting partnerships with leading OEM’s, aggregator platforms, battery swapping and charging operators, tech giants and other related infrastructure service providers.”

Mudit Paliwal, CEO, Delta Corp Holdings, said, “We believe Three Wheels United is addressing a significant need in the EV ecosystem. To accomplish a large-scale EV shift, access to easy financing is a critical element. In Three Wheels United, we found a team that was passionate about the space but deeply strategic about the business. With their deep understanding of financing needs of low-income clients and through the use of innovative technology, they have built a highly profitable and scalable business model that can allow millions of micro entrepreneurs to make the EV shift.”

He added, “We are excited to be investing in Three Wheels United. The team has shown great commitment over the last several years in enabling micro entrepreneurs to switch to cleaner and more economically viable last-mile alternatives. TWU has taken an inclusive and unique ecosystem approach towards their goal of reducing the climate impact of the transportation sector.”

Vijay Tirathrai, Managing Director, Techstars, said, “Having been a part of TWU’s growth story for the last several years, we have seen the team successfully navigate challenges and emerge as a leading financier for light electric vehicles. We are happy to be supporting the team in their mission to improve livelihoods of auto-rickshaw drivers and reduce air pollution.” (MT)  

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Switch Mobility, the electric vehicle arm of Ashok Leyland and part of the Hinduja Group, has announced the deployment of its Switch EiV 22 electric double-decker bus for the ‘Dekho Meri Dilli’ sightseeing route in the capital. The initiative is being implemented under the Hinduja Group’s Corporate Social Responsibility (CSR) programme.

The service provides residents and tourists with a zero-emission transport option to visit heritage landmarks. The full-day route begins at Dilli Haat – INA and includes stops at Vijay Chowk, Rashtrapati Bhavan, the National Museum, the National Gallery of Modern Art, the Pradhan Mantri Sangrahalya and the National War Memorial at India Gate.

The Switch EiV 22 is a standard-floor, air-conditioned electric double-decker designed and manufactured in India. The vehicle utilises a lightweight aluminium body and features a rear staircase and a wide rear door for passenger access.

Key technical features include:

• Battery: 231 kWh NMC (Nickel Manganese Cobalt) chemistry battery pack.
• Range: Up to 250 km on a single charge.
• Architecture: 650V system with a dual-gun charging setup.
• Capacity: Seating for 65 passengers.
• Cooling: Liquid-cooled battery technology for thermal management.

The bus components are manufactured domestically to comply with FAME II standards. Switch Mobility currently operates electric double-deckers in Mumbai, Ahmedabad, Bhubaneswar and Kerala, with a total of 100 electric tourist buses operational across 10 locations in India.

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Mahindra & Mahindra, a manufacturer of tractors and farm machinery, has announced the launch of a new rotavator series. The range is positioned in the heavy-duty category under the Mahavator and Mahavator HD brands, covering widths from 4 to 9 feet.

The series features a wider mast design intended to improve stability and handling during tillage. According to the company, the structural changes were developed based on market analysis and feedback from farmers to address durability on uneven farm surfaces.

The new series replaces several existing models while sitting alongside Mahindra’s current portfolio. A key technical feature in the lineup is the ‘Tez-e’ Intelligent Rotavator, which utilises integrated Bluetooth technology. This system transmits real-time operational data from the farm to a mobile application to support precision farming.

The products are being manufactured at Mahindra’s dedicated units in Nabha, Punjab and Zaheerabad, Telangana.

The company has also introduced limited tricolour-inspired versions in Metallic Orange, Everest White and Metallic Green.

Dr. Anusha Kothandaraman, Vice President & Head – International Operations & Business Head – Farm Machinery, Mahindra Farm Equipment Business, said, “Farm mechanisation is crucial to farm productivity and rotavators play a crucial role in efficiently preparing farmlands. At Mahindra our newly designed rotavators are developed to further deliver superior performance, while also elevating a farmer’s sense of ownership of the farm equipment that support their livelihood beyond tractors. Offered initially in the 4 to 9 feet category, the new look rotavators will reach farmers through a phased rollout across Mahindra's extensive dealer network.”

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Tata Motors has signed a Memorandum of Understanding (MoU) with the V.O. Chidambaranar Port Authority (VOCPA) to deploy 40 heavy-duty trucks powered by Green Hydrogen Internal Combustion Engines (H2 ICE). The agreement was signed in the presence of Sarbananda Sonowal, Union Minister of Ports, Shipping and Waterways.

The project involves a trial phase with a single hydrogen-powered prime mover, followed by the deployment of the remaining fleet over the next two years. Funding for the initiative is provided by the Ministry of Ports, Shipping and Waterways as part of a national strategy to decarbonise maritime logistics.

To support the fleet, VOCPA is developing a 2 MW electrolyser and a hydrogen refuelling station within the port. The trucks selected for this deployment are Tata Prima 55-tonne prime movers. These vehicles utilise H2 ICE technology, which adapts internal combustion principles to run on hydrogen instead of diesel, aiming for zero-tailpipe CO2 emissions.

The Prima trucks include driver-assist safety features and cabins designed to reduce fatigue during cargo handling operations. Tata Motors previously initiated hydrogen truck trials on freight corridors in 2025 and currently operates 15 hydrogen fuel cell buses in India.

Susanta Kumar Purohit, Chairperson, VOCPA, said, “Our partnership with Tata Motors marks a transformative step in VOC Port’s push to achieve net-zero emissions. The deployment of green hydrogen-powered trucks will significantly decarbonise our cargo handling operations while setting a benchmark for sustainable port-led logistics in India. To support the phased induction of these Green Hydrogen trucks, the port is also progressing plans to establish a 2 MW electrolyser and a dedicated hydrogen refueling station. This project along with various other initiatives related to green fuels reinforces our commitment towards building a robust green hydrogen ecosystem and positioning VOC Port as a leader in sustainable maritime infrastructure.”

Rajesh Kaul, Vice-President and Business Head – Trucks, Tata Motors, said, “Our collaboration with V.O. Chidambaranar Port Authority marks an important milestone in bringing hydrogen-powered heavy-duty trucking into real-world port operations. Over the past several months, we have worked closely with the port authorities to assess pathways for hydrogen trucks in cargo handling applications. This pilot will help demonstrate the potential of assessing the TCO parity and with Green Hydrogen in supporting the transition of India’s ports towards cleaner and more sustainable logistics solutions.”

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SANY is set to make a significant impact at the CONEXPO-CON/AGG 2026 trade show, taking place at the Las Vegas Convention Center. The company will present its most comprehensive portfolio to date for the North American market, featuring an expansive display of machinery, digital technology and service capabilities. Operating under the theme ‘Together, We Move the Future Forward’, SANY will highlight the convergence of robust performance, intelligent innovation and lasting customer relationships as key drivers for the industry's evolution.

Visitors to Booth F44054 will encounter an impressive lineup of 32 machines and 17 attachments, with the spotlight on 10 newly introduced models engineered specifically for North American requirements. Among these, the SY10U Mini Excavator stands out for its zero tail swing design, providing exceptional manoeuvrability in confined spaces. Its operation is enhanced by a full hydraulic load sensing system, a suspension seat and wide armrests, ensuring a premium operator experience. The larger SY335LC Medium Excavator is powered by a substantial 9L Cummins engine generating 209 kilowatts. This powertrain delivers 204 kN of bucket force and 153 kN of arm force, resulting in digging performance that is both powerful and precise for its class.

In the lifting category, the SCA3300A Lattice Boom Crawler Crane incorporates a smart windshield that automatically adjusts its tint based on sunlight intensity. It also offers an optional auxiliary power unit designed to optimise energy savings and lower emissions. Similarly, the SCA1100TB Telescopic Crawler Crane features an optional APU to reduce fuel consumption and engine wear, while a 360-degree surround view monitoring system enhances safety during lifts. The new generation SW940L Wheel Loader integrates a Cummins B6.7 engine with ZF transmission and drive axles. Its advanced full electronic control system ensures compatibility with mainstream attachments and enables intelligent functions like automatic limit control, one-touch bucket shake, parallel lift, tyre pressure monitoring and smart attachment selection and positioning. The STH5519 Telehandler comes standard with reversing radar and load moment protection. An integrated multifunction joystick is designed to improve operational efficiency by 20 percent, while a stability coefficient exceeding 1.3 promotes safer lifting operations.

Beyond the equipment itself, SANY will demonstrate a suite of intelligent solutions aimed at minimising downtime and maximising productivity. These include the SANY AI Service Assistant, which provides intelligent diagnostics, interactive fault identification and quick parts identification for efficient maintenance. The SANY RootPilot system offers high precision 3D guidance for smarter and faster construction processes. In a compelling live demonstration, SANY will remotely control an excavator located in Huzhou, China, directly from its US showroom, a distance of over 6,500 miles, using AI-assisted technology with one-click digging and loading capabilities. These technological demonstrations will be complemented by a showcase of SANY's comprehensive service capabilities, all designed to ensure equipment operates smoothly and reliably.

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