Farris, Frank - Wheels on Wheels on Wheels - Surprising Symmetry
THREE WHEELS UNITED INDIA SERVICES...
Transcript of THREE WHEELS UNITED INDIA SERVICES...
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THREE WHEELS UNITED INDIA SERVICES PRIVATE LIMITED
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Company description
Three Wheels United is a social enterprise aiming to
improve the quality of life of drivers (auto-rickshaw &
Taxi..etc) and their families; and at the same time
aiming to reduce pollution caused by their vehicles
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Target group: our community
Primarily Auto-rickshaw /taxi drivers and their
families, who live under marginal circumstances in
the slums of large Indian cities.
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Objectives
TWU aspires to improve the living conditions of one
million drivers and their families by:
• increasing their income by 70%,
•providing access to the financial system of India and
• reducing emissions of their vehicles
•Within the next five years TWU wants to organize
40.000 drivers in Bangalore and extend their
activities to 10 other Indian cities
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The problem
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A large unorganised group of people (100 mln in Asia) that has difficulties to free themselves from the poverty trap • Limited Earning Potential • No access to finance from Banks • Exploited by Private Money Lenders • No Social Security • Noise and Air pollution (emission 1 rickshaw = ca. 50 European cars) • Low Self Esteem
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The solution
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Financial Services
• Financing ownership of four stroke engines
• Providing bank savings and recurring deposits accounts to drivers
• Life and Health Insurance
Additional revenues for
drivers • Advertisements in
auto rickshaws
• Micro Franchise – AirTel, etc
• SMS /App based application to generate rides for the drivers; customer calling drivers for pick-up..tie up with players Ola, Uber, etc
Clean Technology
• Replacement of 2 stroke Vehicles with 4-strokes
• Implementation of cleaner technologies
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Three Wheels United has direct impact on the following:
• Increases the net income of drivers by 70% to 400%
•Low cost Loans for drivers (against interest rates of 11-13 % instead of
30-70%)
• Provides basic health and life insurance – social security
•Organizes the drivers’ community – group buying power, higher loan
recovery..etc
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Achievements:
• 3000+ drivers organized
•700+ loans disbursed
•98% repayment rate
•Pioneered yearly event dedicated to Auto drivers – 5000+ driver
participation
•Proven sustainable & Scalable business model
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Most important: Happy drivers!
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Business Partners that have committed
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Major Recognitions: •Awarded Euro 1.25 million grant by European Commission under their Switch Asia Program, 2015
•The Sustania Awarded Three Wheels United as top 100 most promising sustainable start-ups in the world (2013).
•We won the second price in the Rickshaw Rising challenge for social enterprises in India (Cash prize 25.000 USD$, 2014). This was organized by Shell foundation & Embarq.
•India’s leading Magazine The Outlook Money awarded Three Wheels United as the Top 10 most promising Social Enterprises in India
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Next steps 2016 and beyond
Further growth of the community in
Bangalore to 5000+ drivers in
2016 and 10000+ in 2017
Launch in two new cities & provision of
services to 4W drivers
Multi-distribution:
Development of TWU drivers trust Explore and
launch of Green Vehicles (electric
vehicles.etc)
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Contact person : Ramesh Prabhu CEO of Three Wheels United pvt. Ltd E: [email protected] M: +91 9663663747 E: [email protected] [email protected]