Henosis Developments
Philippines

Electric Tricycle Replacement

Funding and development of the replacement of two stroke tricycles with electric. The driver's fuel bill is the largest cost in the household. Take it out and the economics change for the family before they change for the atmosphere.

The project

The tricycle is how most of the Philippines actually moves. They run on two stroke engines, which are among the dirtiest engines still in daily use anywhere, and the fuel to keep one running is usually the single largest cost in the driver's household.

Replacing them with electric changes two things at once, and the order matters. The family keeps the money that used to go into the tank, every week, permanently. The air in the town gets better as a consequence. We lead with the first because that is what makes the change stick: a driver adopts a vehicle that pays them back, and needs no persuading about the second.

This is the shape of project we look for. The environmental case and the household case point the same direction, so nobody has to be convinced to act against their own interest.

What the capital is for
  • Vehicle funding, so the driver is not asked to carry the switching cost
  • Charging and service infrastructure
  • The financing structure that lets a driver convert on their current weekly outgoing
Data room

Request access to the Electric Tricycle Replacement data room.

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Registering interest is not an application, an offer, or a solicitation to buy securities, and nothing on this page is financial advice. It starts a conversation.