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Hotline: 1800 102 2007
Hotline : 1800 102 2007
Bike Rental

Yulu Bikes Pvt.Ltd.

Area Requirement -N/A-
Investment Size INR 1 Cr - 2 Cr
Franchise Outlets Less than 10
Business Detail

About Us:

Yulu is a technology driven mobility platform to enable Integrated Urban Mobility across public and private modes of transport. Yulu's vision is to reduce traffic congestion by providing a scalable, affordable, efficient and clean solution for the first mile, last mile, and short distance commute.

We strongly believe that short commute mode can be made more Efficient, Affordable and GREEN, thereby ensuring that future generations will have a healthy environment to live. We want to replace big personal vehicles with a smaller form factor that does not require fossil fuel. Yulu bicycle uses IoT technology to create a vast network of shared dockless bicycles that can be rented easily by user-friendly app in pay per use business model.

Yulus Public Bicycle Sharing Service is driven by state of the art technology that includes a sophisticated mobile application, GPS and IoT (Internet of Things) Machine Learning and Artificial Intelligence technologies. It is Indias first, truly dock-less system thats driven by the only smart cycle thats MADE IN INDIA and powered by solar energy.

The service includes unique features of finding the nearest cycle zone (Yulu Zone), scanning the QR code on the cycle that automatically opens the IoT based lock and paying using Digital Wallet. Unique features of the service includes YULU KEEP that allows users to take the cycle home for a COMMUTE from home to office and back, where they can KEEP the cycle for the night without being charged for holding the bike. The powerful platform includes sophisticated Logistics management to help with Sweeping and Balancing services to ensure availability of cycles as per demand.

We have deployed our services in many locations in Bengaluru, Pune and are in teh progress of expansing our services to more than 10 cities including Navi Mumbai, Mumbai, Nagpur, Chennai, etc.

Investment Detail
Commenced Operations
Operations Commenced On 2017
Franchising / Distribution Commenced On 2018
Franchise Details
UNITS
Location Store wise
Investment INR 1 Cr. - 2 Cr
Franchise/Brand Fee INR 500000
Royalty/Commission 70 %
Expansion Locations
North
South
East
West
Goa, Gujarat, Maharashtra
Central
Bihar
UNION TERRITORIES
Franchise Details
Anticipated percentage return on investment 100%
Payback Period 1-2 Years
Any Other Requirements About 1 Cr for procuring 1000 cycles over 4 months
Property Details
Type of property required for this franchise opportunity Domestic
TRAINING DETAILS
Detailed operating manuals for franchisees Yes
Franchisee training location Pune & Bengaluru
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

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