Midgard Electric Pvt Ltd

Area Requirement 100 - 500 Sq.ft
Investment Size INR 10 Lac - 20 Lac
Franchise Outlets No Outlets

Business Detail

About Us:

Midgard Electric is connecting people to their destinations in a safer, cleaner, and smarter way. With our EV charging systems, We help our customers to have a hassle free experience. Midgard Electric is into charging infrastructure development business for electric vehicle.

Our quality service provided in this space can attract more customers to our facility. We strive to provide better services to the customers in our charging station facility. Charging infrastructure business is going to be one of the largest business in 2030 and is going to replace oil and gas industry in the coming years.

Automobile industry is gearing up to shift to electric vehicle market in coming years. We believe that quality service in charging infrastructure space is very much required to create awareness and promote EV growth in the segment. We want to become largest charging station network owners in India through franchise model.

Investment Detail

Commenced Operations

Operations Commenced On 2019

Franchising / Distribution Commenced On 2019

Franchise Details

UNITS

Location Store wise

Investment INR 10lakh - 20lakh

Franchise/Brand Fee INR 200000

Royalty/Commission 2 %

Expansion Locations

North

Delhi, Haryana, Punjab, Uttar Pradesh

South

Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Telangana

East

Assam, Arunachal Pradesh, Odisha

West

Gujarat, Rajasthan, Maharashtra, Goa

Central

Chhattisgarh, Madhya Pradesh, Bihar, Jharkhand

UNION TERRITORIES

Andaman and Nicobar, Pondicherry, Chandigarh, Lakshadweep, Daman and Diu

Franchise Details

Anticipated percentage return on investment 15%

Payback Period 5-6 Years

Any Other Requirements Space and necessary electricity grid connections should be provided

Property Details

Type of property required for this franchise opportunity Domestic

Area Requirement 100 - 500 Sq.ft

Preferred location of unit franchise outlet Anywhere

TRAINING DETAILS

Franchisee training location On site training and assistance

Is field assistance available for franchisee ? Yes

Expert guidance from Head Office to franchisee in opening the franchise Yes

Current IT systems will be included in the franchise Yes

AGREEMENT & TERM DETAILS

Do you have a standard franchise agreement? Yes

How long is the franchise term for? Lifetime

Is term renewable? Yes