RideEV is a physical distribution and financing platform that is leveraging technology to accelerate electric vehicle adoption in Bharat.
With an authorized online dealership of 30+ Brands, RideEV is bringing 100+ EV models to customers’ doorstep.
Operations Commenced On 2021
Franchise Commenced On 2022
Investment INR 10lakh - 20lakh
Franchise/Brand Fee INR 200000
Exclusive territorial rights to a unit franchisee Yes
Performance guarantee to Unit Franchise Yes
Anticipated percentage return on investment 40 %
Likely pay back period of capital for a Unit Franchise 1-2 Years
Other investment requirements No
Haryana, Punjab, Uttarakhand, Uttar Pradesh
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Type of property required for this franchise opportunity Commercial
Floor area requirement 1500 - 2500 Sq.ft
Preferred location of unit franchise outlet High Footfall, Other Automobile Dealerships in Vicinity
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
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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