Hop electric is committed to accelerate the advent of a sustainable future by delivering products, technologies and solutions that redefine everyday commute for millions.
Hop Electric is a climate-tech startup in the new energy automotive industry founded by Ketan Mehta, Nikhil Bhatia and Rahil Gupta in 2020 as forward integration of the $50+ Million renewable energy business of Rays Group.
Operations Commenced On 2018
Franchise Commenced On 2020
Investment INR 50lakh - 1 Cr.
Franchise/Brand Fee INR 150000
Anticipated percentage return on investment 35 %
Likely pay back period of capital for a Unit Franchise 1-2 Years
Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttarakhand, 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
Type of property required for this franchise opportunity Commercial
Floor area requirement 1200 - 1400 Sq.ft
Is field assistance available for franchisee ? Yes
Expert guidance from Head Office to franchisee in opening the franchise Yes
Do you have a standard franchise agreement? Yes
How long is the franchise term for? 3 Years
Is the term renewable? Yes
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