Bangalore : Three Wheels United, a Bengaluru based tech-enabled financier of light electric vehicles, is included in the 2021 APAC 25 list produced by Cleantech Group, a global leader in research, consulting and events that catalyze opportunities in sustainable innovation. The APAC 25 is a list of private and independent companies in the Asia Pacific region dedicated to sustainability and evaluated by experts in the field as likely to make a significant impact in a five-to-ten-year time frame.
Cleantech Group put together the fourth annual list of 25 companies by combining detailed contributions from an APAC 25 expert panel with the APAC-related inputs from its annual Global Cleantech 100 process. The companies with the strongest patterns of agreement across all the input points were given the highest scores. Companies can only be on the APAC 25 list once.
Commenting on this, Cedrick Tandong, CEO and Co-Founder, Three Wheels United said “ We are thrilled to be a part of APAC 25 and to be recognized for our role in creating sustainable last mile transport to reduce the climate impact of the transportation sector. This validation further strengthens our commitment towards reducing air pollution and positively impacting the lives of drivers”
Members of the APAC 25 expert panel play an important role in creating the list. Each provides between three and nine nominations, no more than a third of which can be portfolio companies (in the case of investors). Expert panelists can weight their nominations, and all nominations are blind (no expert sees the other panelists’ nominations). These nominations are then combined with the outcomes from the Global Cleantech 100 process, which benefits from thousands of data points, to determine those with the most multiple validation points.
The 2021 APAC 25 list is made possible by the continuing support of ADB Ventures and Enterprise Singapore .
“The Asia Pacific region is by far the largest emitter of CO2 today, given it is the motor of most of the heaviest industries of the world,” said Richard Youngman, CEO of Cleantech Group. “We all have a stake in solving that challenge and our 2021 APAC 25 companies provide a sampling of the range of emerging solutions required – from agtech to the future of mobility, from plastics to natural resources, from energy efficiency to clean energy abundance.”
For more information on Three Wheels United’s leadership in clean technology, visit i3connect.com, Cleantech Group’s leading market intelligence platform, and search for Three Wheels United.
The complete list of APAC 25 expert panel members is available at https://i3connect.com/apac25/panelist.
The 2021 and all prior lists (2018-2020) can be seen here: https://i3connect.com/apac25/the-list