Check out Best Electric Bike Franchise in India here.
The Indian electric vehicle market is expected to grow at a CAGR of 48.75% for the upcoming five years, as suggested by different research reports.
The gradual shift of the economy towards a sustainable economy through sustainable and environment-friendly development is the primary reason for the growth of this industry.
If you go out on the streets today, you will find different electric bikes from companies you have never heard of roaming the streets.
The government’s initiatives and changing consumers’ mentality are driving forces here; thus, this is one of the best times to invest in an Electric Bike Franchise in India.
If you are considering the Electric Bike Dealership to put your money into and start the business, then you are at the right place.
This article will provide insights into India’s popular electric vehicle franchises with the best revenue structure, investment requirements, and support facilities.
Best EV Bike Franchise in India – Top 10 Electric Bike Dealership for Business
Let us check the Best Electric Bike Franchise in India.
|1||Hero EV Franchise|
|3||Okinawa Scooters Franchise|
|4||Simple Energy Franchise|
|5||Ola Bike Franchise|
|6||TVS EV Franchise|
|7||Joy E-Bike Franchise|
|8||Bounce Infinity Franchise|
|10||Kinetic Green Franchise|
We have picked 10 EV Bike Franchises which can be considered Best Electric Bike Franchise Businesses based on the following factors whether the investment you need to put into the franchise is reasonable.
Then we evaluated the revenue the franchisor share with the franchisees and the time required to break even and generate a return on investment.
Then we have also considered the offers, facilities, and support the franchisors offer to the franchise holders.
After considering all these factors, we have decided to go for the ten electric bike franchises mentioned above, including some top brands like Hero EV, Ather, Ola Bike, Ampere, and the other six.
Hero EV Franchise – Best Electric Bike Franchise in India
Hero Electric is a giant in the EV industry in the country and undoubtedly one of India’s Best Electric Bike franchises.
Already, there are more than 4 lakh EV vehicle buyers from this company. Hero EV has already established a network where more than 700 dealers are working.
It has also built 2000 plus charging stations across the country to facilitate EV buyers in the true sense. Hero requires no formal introduction as in India; bikes means Hero.
While India’s EV market is booming, Hero has invested in this industry for the last 14 years. It already has more than 12 electric bike models, and more are in the making.
The franchise fee for setting up the Hero EV franchise is around Rs. 10 lakhs to Rs. 20 lakhs. The infrastructure expenditure ranges from Rs. 50 lakhs to Rs. 1 crore.
The franchisees’ revenue is around 90%, and the franchisor keeps only 10% of the revenue generated at each franchise. It takes around two to two and a half years for these franchisees of Hero EV to break even.
The franchise outlet of Hero EV needs to be well-built, and thus, the franchisor has mandated a few criteria. The outlet needs to be at least 1000 to 1500 square feet in area.
The outlet must have a managing team and ground staff who initially deal with the customers. The reception area and billing counter are compulsory for the outlet, and so is the lounge area so customers can wait if required.
The product display area needs to be well-curated. The outlet has to have a parking facility. The entire outlet needs to be well connected by ACs and under CCTV surveillance.
More on Hero EV Franchise
The service section can be optional; you can have it or not, depending on your business plan. Another facility that is necessary for the Hero EV franchise outlet is a pickup and delivery facility.
If there is any breakdown, the outlet staff will pick up the bike from the customer’s suggested location and deliver it after the issues get sorted or deliver bikes.
Hero EV offers additional support, including the regular inventory supply, RM support, interior designing support, and interior development to some extent.
Even monetary support is available partially for the franchises of Hero EV. Then there is, of course, warranty/ guarantee support, website support for online orders, and much more.
Ather Franchise – Best EV Bike Dealership in India
Ather is one of India’s new-age electric vehicle manufacturers and suppliers and one of the Top 10 EV Bike Franchises.
It started its journey in 2013 from Bangalore, and it is popular across the country, having more than thirty franchises.
Tarun Mehta and Swapnil Jain made this company stand up on its own feet. You can get an Ather franchise for five years in a row for a franchise fee of Rs. 5 lakhs to Rs. 10 lakhs.
The revenue shared by the company with the franchise holders is 90% of the revenue generated at the franchise outlet.
This means if your franchise has generated Rs. 50 lakhs in a month, you will get Rs. 45 lakhs of the same.
The company retains the remaining 10%. In this revenue-sharing structure, the franchises usually generate ROI within 2-2.5 years.
While the franchise fee is comparatively on the lower end of the spectrum, the infrastructure expenditure can go up to Rs. 80 lakhs, and the minimum is usually Rs. 50 lakhs as observed.
The infrastructure will include a store of at least 1000 square feet to 1500 square feet. Then two to three employees deal with the customers, and a management team handles all the queries and finalizes the deals.
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Parking facilities and billing counters are compulsory for the store, from the reception area to the lounge.
The maintenance department can be optional, and the franchise holder can decide whether to have it.
Ather offers great support facilities to the franchises and helps them grow by training them in different aspects.
The available support facilities include interior designing and development, RM support, monetary support, website support, online delivery tie-ups and support, and more.
There is client acquisition training, client interaction training, product training, and a lot more on the training front.
Okinawa Scooters Franchise – Top Electric Bike Franchise in India
Okinawa Scooters is another best Electric Bike Dealership businesses in India. Jeetender Sharma founded it in 2017 in the city of Gurugram, where the head office of the company is presently located.
This franchise has more than fifty franchise outlets around the country, and more are coming up.
It offers five years franchise for a fee of Rs. 5 lakhs to Rs. 10 lakhs which is quite at par with the market standard.
Even the infrastructure cost is on the lower side and ranges between Rs. 50 lakhs and Rs. 70 lakhs. The franchise holders receive 90% of their revenue, while the franchisor takes 10% of the same.
This means if you are the franchise holder of Okinawa Scooters and your franchise outlet generated revenue of Rs. 20 lakhs in a month, then you will receive Rs. 18 lakhs out of that revenue while Rs. 2 lakhs will go to the Okinawa Scooters, who is the franchisor.
Now, this setup lets franchisors break even within two years or six months more than two years.
More on Okinawa Scooters Franchise
The infrastructure requirements of the franchise include two to three employees in a store that is at least 1000 square feet in the area having a reception area, lounge or waiting space, billing counter, product display area, and fully air-conditioned.
The outlet must have delivery and pickup facilities as well for the vehicles. The support offered by the Okinawa Scooters team includes Relationship manager support for handling the clients’ queries.
Then there is regular inventory update and supply, multiple offers to boost sales, interior design support, monetary support, business management support, and more.
There are different training facilities as well, like client acquisition training, interaction training, product training, and a lot more.
Simple Energy Franchise – Top Electric Scooter Franchise to Invest
The next Best Electric Scooter Franchise Business in India is Simple Energy. It is a Bangalore-based electric vehicle company started in 2010 by Suhas Rajkumar. It has more than fifty franchises at present across the country.
Simple Energy offers five years franchise agreement at a time which you can get for a fee of Rs. 5 lakhs to Rs. 10 lakhs. It takes around 45 days to complete all the procedures and set up the franchise outlet.
The outlet or the expenditure required to set up the whole infrastructure for the franchise varies between Rs. 50 lakhs and Rs. 60 lakhs.
The required infrastructure includes a space of at least 1000-1500 square feet in area. This needs to be built as the franchise outlet, and the outlet must have a reception area, product display area, waiting area, or lounge; outside the store, there has to be a parking facility too.
You need to incorporate the billing counter in the store too. The store needs to be air-conditioned and have security surveillance cameras.
The franchisor has also mandated pickup and delivery facilities for each of the franchises. The revenue-sharing structure is decent and at par with the market, while the investment requirement is comparatively lower.
Simple Energy offers 90% of the revenue to the franchises while it retains only 10%. This helps the franchise holders to break even within a maximum period of 2.5 years.
Support facilities offered by Simple Energy include inventory refilling daily, website support for online order placement, online tie-ups for the delivery facility, multiple offers to attract customers, RM facility, and different trainings such as client interaction training, acquisition training, and others.
Ola Bike Franchise – Top 10 E-Bike Dealership to Invest
Ola Bike changed the way people looked at electric vehicles earlier. With sleek designs and great performance, Ola Bike made it to the Top Electric Bike Franchise Brand of 2023.
It was founded in 2017 by Bhavish Aggarwal and currently has more than 50 franchise outlets in the country. While they founded the company in 2017, their first electric scooter was launched in August 2021.
Ola Bike offers franchise opportunities for a fee of Rs. 5 lakhs to Rs. 10 lakhs, and the infrastructure cost usually varies from Rs. 50 lakhs to 90 lakhs.
However, they are presently not accepting any franchises but planning to restart shortly. The infrastructure requirements that they have set include a 1000-1500 square feet area for the store.
There have to be 2-3 employees, the more, the merrier. The store must be well planned with a reception area, lounge area, product display, and billing counters.
The entire store needs to be under CCTV surveillance and have ACs. Ola Bike offers a 90% share in revenue to the franchises working with them.
This means if a franchise outlet churns out Rs. 10 lakhs as revenue in a month, that franchise holder will get Rs. 9 lakhs out of the same while 10% of the share is Rs. 1 lakh will go to the franchisor. In this setup, the franchise holders usually break even within 2-2.5 years.
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The support facilities that Ola Bike offers to the franchises include helping with product pricing, inventory update, service pricing, client acquisition support, and client interaction training.
The franchises get relationship manager support from Ola Bike, which helps improve client acquisition and management.
Then the franchisor helps in designing the interior of the store and also in the development of the same to some extent.
Even Monetary support is available for the franchises, and online support for order placement and delivery facilities.
TVS EV Franchise – Top 10 EV Bike Franchise to Invest
While TVS is one of the top automobile brands in the country, it launched its electric scooter for the first time in 2020.
However, just with one electric bike model, i.e., iQube, it managed to become one of the Top 10 Electric Scooter Franchises in 2023.
TVS has over hundreds of franchises across the country, and with the new iQube coming up, the share of electric vehicles in their dealer’s stores is going to rise.
So, if you consider availing TVS EV franchise, this might be the right time. It offers a five-year franchise agreement for Rs. 5 lakhs as the minimum fee while it can go up to Rs. 10 lakhs too.
The revenue shared by the franchisor is 90%, while it retains 10% of the revenue generated at each of the franchises.
If the franchises are supposed to make Rs. 5 lakhs monthly, then Rs. 4.5 lakhs will go to the Franchise, while, the franchisor will retain 50000.
This revenue-sharing structure leads to break even by the franchises within 2.5 years at the latest.
More on TVS EV Franchise
Coming to the infrastructure requirements of the TVS EV store, it needs at least a thousand square feet area with two to three employees and all the amenities like ACs, CCTVs, pickup and delivery facility, and more.
The store must have a waiting area, reception, billing counter, and a display area for the electric bikes. All these costs around Rs. 50 lakhs to Rs. 80 lakhs on average.
The support offered by the TVS Electric Vehicle franchisor includes RM support, online support for order placements, and delivery schedules.
Then there is interior designing and development support, monetary support, client acquisition support, and much more.
Joy E-Bike Franchise – Best E-Bike Franchise
In this List of Electric Bike Franchise Businesses, Joy E-bike comes next, which is one of the most popular and has the widest range of electric bikes in the country.
It was started in 2016 by Yatin Gupte, and currently, it has more than 50 franchises across the country while the head office is in Gurugram.
The Joy E-Bike offers five years franchise for a fee of Rs. 5-10 lakhs, while the infrastructure cost for this franchise is comparatively lower than the ones mentioned above. It costs around Rs. 40-50 lakhs to set up the infrastructure of the Franchise of Joy E-bike.
The infrastructure requirements include 1000-1500 square feet of area, which can be built into the outlet.
You must employ 2-3 employees and ensure a delivery facility from your outlet. Apart from these, there must be a reception area, lounge, billing counter, and product display area.
The revenue shared by the Joy E-Bike is around 90% of the revenue generated at the franchise outlet.
This means if a franchise makes Rs. 10 lakhs in a month, he will get Rs. 9 lakhs out of the same, and Rs. 1 lakh will go to the franchisor, Joy E-bike.
This setup takes around 2-2.5 years to place your foot in the industry and generate profits completely. On the support front, Joy E-Bike offers a relationship manager for handling clients.
Then there is client acquisition support to the franchises, and along with that, there is interior design and development support too.
Franchises of Joy E-Bike also get client interaction, product training, and much more.
Bounce Infinity Franchise – Top Electric Bike Franchise to buy
Bounce Infinity is another electric bike franchise part of this EV Bike Franchise Business Comparison.
This electric bike manufacturer embarked on its journey in 2018, holding the hands of Vivekananda Hallekere, Anil G, and Varun Agni.
It has around fifty franchise outlets at present across the country. If offers five years franchise offer for a fee of Rs. 5-10 lakhs while the infrastructure cost varies from Rs. 50 lakhs to Rs. 55 lakhs.
The revenue shared with the franchises is 90%, while the franchisor keeps 10%. In this way, Bounce Infinity’s franchises usually break even within 2-2.5 years.
The franchise outlet needs to be at least 1000-1500 square feet in area. Then there have to be 2-3 employees with the management team for taking care of the customer’s queries and dealing process.
The reception and lounge area must be well designed along with the product display area, and other amenities like ACs, CCTVs, and water purifier needs to be installed properly for the best service to the customers.
The support facilities offered by Bounce Infinity include monetary support to some extent, which greatly supports the franchises.
Then there are multiple offers to boost the sales of the electric bikes of the franchise.
Apart from these facilities, the franchise holder offers client acquisition support and client interaction training to the franchise holders.
Then there is online support for order generation and online delivery facility tie-ups.
Ampere Franchise – Top 10 Electric Bike Dealership to buy
Amongst the Best E-Bike franchises in India, Ampere is one of the top names to recognize.
It was started in 2017 by Hema Annamalai in Mumbai and now has more than thirty franchise outlets in different cities of the country.
Ampere offers franchises for five years at a stretch for a fee of Rs. 5-10 lakhs. While the infrastructure expenditure they have usually varies between Rs. 50 lakhs and Rs. 55 lakhs.
The franchisees get 90% of the share, while the franchisor keeps 10% of the revenue share. This way, the Ampere franchises break even within 2 to 2.5 years.
The franchise outlet is to be built in a minimum of 1000 square feet store. You need to properly design the outlet so that there is space for the reception area, waiting the area, product display zone, and billing counter.
In this, the franchisor, Ampere, will help you with their interior designing team. Apart from these, the amenities like ACs, CCTVs, and internet facilities must be in the store.
Ampere offers a wide range of support, from interior designing to development to RM support, client acquisition, inventory update and replacement, website development and support for online orders, deliveries, and much more.
Kinetic Green Franchise – Best EV Bike Franchise in 2023
Kinetic also ventured into the electric segment recently, while it has been one of the top choices of every two-wheeler lover for years.
It is one of the Top Electric Bike franchises in India. It has over 100 franchise outlets across the country and offers five years franchises for the electric vehicle segment.
The investment will be around Rs. 50-10 lakhs for the franchise fee, while the infrastructure will cost around Rs. 50-55 lakhs.
Against this investment, you will receive a 90% share of your franchise’s revenue. This, in turn, will help you see profits in a maximum period of 2.5 years, as average numbers suggest.
The infrastructure requirements include a space with at least a thousand square feet. When the outlet is built, you need to appoint a certain number of employees to handle the customers in the outlet.
The outlet must have all amenities and facilities such as ACs, CCTVs, internet, and others.
The lounge and reception area must always have staff to take care of the customers, and obviously, the display zone needs to be well curated.
The support system for the franchises comes from the franchisor itself. You will get RM support, monetary support, interior design and development support, client acquisition support, and more.
Best Electric Bike Franchise in India 2023 – Conclusion
Electric vehicles and especially electric bikes are going to take over the roads in the coming years.
Thus, if you are looking for the Best Electric Bike Franchise for setting up the Franchise of Electric bikes, this might be a great decision.
However, picking the right franchise is important for a prosperous business venture. In the article above, you can find the factors that help in choosing the right franchise.
FAQs on Top Electric Bike Franchise Business in India
Check out various FAQs on Best EV Bike Franchise Brands here –
What is Electric Bike Franchise?
Electric Bike Franchise is a franchise business model offered by automobile companies that deal in the electric bike segment.
Here the franchise holder gets most of the revenue share to deal in the franchisors’ products.
Which is the most successful E-Scooter Franchise?
The most successful E-scooter franchise to date is Hero Electric. It has more than 2000 dealers across the country.
How do I start my Electric Bike Dealership?
You need to contact the Electric Bike franchise business, finalize the franchise terms and pay the fee, set up the outlet, and get started.
Are Electric Bike & Electric Scooter Franchise profitable?
Electric vehicles are the future, and with the government’s target of achieving green transportation, electric bikes are there to stay; thus, having franchises of electric scooters and electric bikes can be profitable.
What is the monthly income in the EV Bike Franchise business?
The monthly income of the Electric bike franchise varies, but most of the franchisors share 90% of the revenue with the franchisees.
Which is the most profitable Electric Scooter Dealership?
The most profitable electric scooter franchise can be Joy E-Bike, as the cost of setting up the infrastructure is lower than other e-bike franchises.
Which franchise is best for E-Bike?
Ola Bike, TVS Electric, and Hero Electric are some of India’s most popular electric bike/ scooter franchises.
How much investment is required to start an EV Bike Franchise?
The investment varies from Rs. 65 lakhs to Rs. 1 crore and above, depending on the brand value and infrastructure requirements.
Which Electric Scooter Franchise is the cheapest in India?
Joy E-Bike is the cheapest as this franchise’s infrastructure cost is lower.
Which is the fastest-growing Electric Bike Dealership?
The fastest-growing electric bike franchise has to be Ola Bike. It launched its first electric bike in 2021 and now has a huge market share.
|Best Franchise Business in India|