Fae bikes stands for Fast and Electric Bikes.
Fae bikes is India's first automated electric scooter share platform for daily commuting. To put it simply, Fae bikes are ‘pick anywhere, drop anywhere’ electric scooters spread throughout the city. One can pick, ride and drop off a Fae Bike anywhere. We believe shared, electric and personalised mobility is the future of transportation which we bring with Fae Bikes.
We establish network of stations through-out the city where Fae bikes will be placed. We have made our scooters keyless and automatic using IoI automation tech. We are currently operational in Bangalore and soon expanding our operations to Delhi.
We are currently inviting investors interested in Franchising FAE Bikes and being part of the revolution in last mile connectivity space. We offer a franchise model that allows franchisee to invest per bike (Minimum 5 bikes) into the fastest growing FAE network. FAE Bikes takes care of all other necessities like IoT installation, maintenance, user assistance etc. during the franchise term period.
We enable hassle free business partnership and a steady income with minimal involvement from Franchisee.
Operations Commenced On 2015
Franchise Commenced On 2018
Investment INR 20lac - 30lac
Franchise/Brand Fee INR 150000
Royalty/Commission 20 %
Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttaranchal, Uttar Pradesh
Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Telangana
Assam, Meghalaya, Mizoram, Tripura, Arunachal Pradesh, Manipur, Nagaland, West Bengal, Sikkim, Odisha
Gujarat, Rajasthan, Maharashtra, Goa
Chhattisgarh, Madhya Pradesh, Bihar, Jharkhand
Andaman and Nicobar, Pondicherry, Chandigarh, Lakshadweep, Daman and Diu
Performance guarantee to Unit Franchise Yes
Anticipated percentage return on investment 50 %
Likely pay back period of capital for a Unit Franchise 2-3 Years
Type of property required for this franchise opportunity Domestic
Floor area requirement 100 Sq.ft
Preferred location of unit franchise outlet All over India
Detailed operating manuals for franchisees Yes
Franchisee training location Bangalore
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
Do you have a standard franchise agreement? Yes
How long is the franchise term for? 3-No of years Years
Is the term renewable? Yes