RideEV

Area Requirement 1500 - 2500 Sq.ft
Investment Size INR 10 Lac - 20 Lac
Franchise Outlets 10-20

Business Detail

RideEVis aphysicaldistribution and financing platform that is leveraging technology to accelerate electric vehicle adoption in Bharat.

With an authorized online dealership of 30+ Brands,RideEVis bringing 100+EVmodels to customers doorstep.

Investment Detail

Commenced Operations

Operations Commenced On 2021

Franchising / Distribution Commenced On 2022

Franchise Details

UNITS

Location Store wise

Investment INR 10lakh - 20lakh

Franchise/Brand Fee INR 200000

Expansion Locations

North

Haryana, Punjab, Uttarakhand, Uttar Pradesh

South

East

West

Central

UNION TERRITORIES

Franchise Details

Territorial rights for unit franchise Yes

Performance guarantee to unit franchisee Yes

Anticipated percentage return on investment 40%

Payback Period 1-2 Years

Any Other Requirements No

Property Details

Type of property required for this franchise opportunity Commercial

Area Requirement 1500 - 2500 Sq.ft

Preferred location of unit franchise outlet High Footfall, Other Automobile Dealerships in Vicinity

TRAINING DETAILS

Detailed operating manuals for franchisees Yes

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? 3 Years

Is term renewable? Yes