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.
Operations Commenced On 2019
Franchise Commenced On 2019
Investment INR 10lakh - 20lakh
Franchise/Brand Fee INR 200000
Royalty/Commission 2 %
Anticipated percentage return on investment 15 %
Likely pay back period of capital for a Unit Franchise 5-6 Years
Other investment requirements Space and necessary electricity grid connections should be provided
Delhi, Haryana, Punjab, Uttar Pradesh
Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Telangana
Assam, Arunachal Pradesh, 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 Domestic
Floor area requirement 100 - 500 Sq.ft
Preferred location of unit franchise outlet Anywhere
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
Do you have a standard franchise agreement? Yes
How long is the franchise term for? Lifetime
Is the term renewable? Yes
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