The price of the entry-level electric scooters has come down by INR 2000-9000, which is a direct benefit to consumers. This has generated a great level of customer interest. With growing customer awareness, it’s the best time to enter into an EV franchise and dealership. Typical investment required for an EV franchise ranges between INR 12-20 lakh for a humble 500 sq, ft area.

With 2-and 3-wheelers alone, charging infrastructure will be a USD 200-billion opportunity by 2030 in India. With 100-200 sq. ft space to install 2-3 charging kiosks where battery swapping will not take more than one minute, it is a great opportunity for people who already own a retail outlet or automobile dealership and would like to add charging stations as an additional business.

Mobility challenges like last-mile connectivity are making micro-mobility solutions like ride-sharing and bike rentals the next big thing. Franchisees can start with an investment of INR 20-40 lakh for 50-100 EVs at INR 40,000 per vehicle. Just 2-3 people are required to manage 100 EVs. With handsome margins, franchisees will be able to recover the investment in just 8-9 months.