Written By: Payal Das

The electric vehicle (EV) industry is experiencing a monumental shift as countries worldwide embrace sustainability and cleaner transportation solutions. Among the frontrunners in India's EV landscape is Yulu Bikes, a trailblazer in urban mobility. With their eco-friendly, efficient, and accessible solutions, Yulu has redefined how we navigate crowded cities. For aspiring entrepreneurs, partnering with Yulu to establish an EV bike franchise offers a golden opportunity to enter this growing market. If you’ve been considering an EV bikes franchise, read on to explore why Yulu Bikes is the ideal partner for your business dreams.

Why Start an EV Bikes Franchise?

The EV market is booming globally, and India is no exception. According to industry reports, the Indian EV market is expected to grow at a CAGR of over 90% between 2021 and 2030. Factors such as government subsidies, increased awareness about carbon footprints, and the need for affordable transportation options make this the perfect time to invest.

By starting an electric vehicle franchise  with Yulu Bikes, you’re not just joining a business—you’re contributing to a sustainable future.

About Yulu Bikes

Yulu Bikes is India’s leading provider of shared, electric micro-mobility solutions. Established in 2017, Yulu addresses the need for last-mile connectivity and urban commuting. Their fleet of electric bikes and scooters is designed for convenience, safety, and eco-friendliness.

Yulu  has introduced the Yulu Business Partner Programme to expand its services beyond major metropolitan areas. This initiative offers entrepreneurs and established businesses the opportunity to launch Yulu's eco-friendly mobility services in their respective cities, with comprehensive support from the company.

Yulu’s Vision and Mission

• Vision: To create a world of shared, sustainable urban mobility.
• Mission: To reduce pollution, traffic congestion, and the carbon footprint of transportation.

By partnering with Yulu, you align with a brand committed to making a meaningful environmental and social impact.

The Benefits of a Yulu EV bikes franchise

When you start Yulu EV bikes franchise as a partner, you gain access to a well-established system, a recognizable brand, and a host of other benefits:

1. Proven Business Model

Yulu E bike franchise operates on a tested and profitable business model that emphasizes asset-light operations. This means lower initial investment and higher returns for franchise owners.

2. High Demand for EVs

Yulu’s products cater to diverse customer groups, including daily commuters, students, tourists, and corporate employees. With the rising demand for sustainable transportation, your franchise is set to attract a steady stream of users.

3. Low Maintenance Costs

Yulu’s electric bikes are designed with durability and minimal maintenance in mind. As a franchisee, you’ll spend less on upkeep, which means more savings and profits.

4. Robust Support System

Yulu provides comprehensive training and operational support, making it easier for franchisees to manage their businesses successfully.

5. Positive Brand Reputation

As a trusted name in the EV industry, Yulu’s brand recognition and loyal customer base work in your favor.

How Yulu EV Bikes Franchise System Works

Yulu’s franchise system is simple and transparent, ensuring you can focus on growing your business. The Yulu Business Partner Programme is designed for individuals and businesses with a strong understanding of their local markets and the capability to collaborate with city authorities and corporate entities. 

Partners are expected to invest between ₹50 lakh and ₹2 crore, with the potential for an annual return on investment (ROI) exceeding 25%. Yulu aims to deploy over 10,000 electric two-wheelers through this programme in the coming year.

Ideal Candidates

This programme is well-suited for:

• Tourism Service Providers: Entrepreneurs looking to offer city-based tourism services using electric vehicles.
• Daily Commute Solutions: Businesses aiming to provide daily rentals for work-related commutes.
• Last-Mile Logistics: Companies focusing on EV-based last-mile delivery services.

Support and Resources

Yulu offers a plug-and-play model with flexible options for partners, including:

• Vehicles and Equipment: Access to Yulu's purpose-built electric vehicles, swappable lithium-ion batteries, and charging systems.
• Technology Platform: Utilization of Yulu's AI and machine learning-enabled technology platform for efficient operations.
• Training and Onboarding: Comprehensive training and support to manage daily operations effectively.

Expansion Plans

Yulu electric bike has already launched its services in Indore, Madhya Pradesh, through a partnership with Yuva Mobility, marking its first franchise partner-led model. The company plans to extend its footprint to various regions across India, including:

• Northern India: Cities and towns across Delhi, Haryana, Himachal Pradesh, Jammu & Kashmir, Punjab, Uttar Pradesh, and Uttarakhand are ripe for development.
• Southern India: Prospective franchisees can establish operations in Andhra Pradesh, Karnataka, Kerala, Tamil Nadu, and Telangana, regions known for their progressive adoption of sustainable technologies.
• Eastern India: States like Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Odisha, Sikkim, Tripura, and West Bengal are targeted for expansion, bringing green mobility solutions to this culturally rich area.
• Western India: Goa, Gujarat, Maharashtra, and Rajasthan are included in the program, ensuring widespread adoption in one of India’s most economically vibrant regions.
• Central India: Opportunities extend to Bihar, Chhattisgarh, Jharkhand, and Madhya Pradesh, where demand for eco-friendly commuting options is growing.
• Union Territories: Franchise possibilities also exist in Andaman & Nicobar, Chandigarh, Daman & Diu, Lakshadweep, and Puducherry, allowing partners to cater to unique and diverse populations.

Property and Space Requirements

Prospective partners should have access to commercial property with a floor area ranging from 600 to 1,000 square feet, suitable for setting up operations in strategic locations within the city.

Training and Support

Yulu electric bike provides training at its head office, along with ongoing field assistance and access to current IT systems, ensuring partners are well-equipped to manage their franchises effectively.

Agreement Details

The Yulu electric bike franchise agreement offers exclusive territorial rights to unit franchisees, with an anticipated ROI of 50% and a likely payback period between 12 to 20 months. The franchise term is lifetime, with options for renewal.

Steps to Start Your Yulu EV Bikes Franchise Journey

1. Initial Inquiry: Reach out to Yulu to express your interest in becoming a franchise partner.
2. Eligibility Check: Yulu assesses your background and resources to ensure alignment with their business goals.
3. Training & Onboarding: Franchisees undergo thorough training covering bike maintenance, customer service, and software management.
4. Setup Assistance: Yulu helps establish operational hubs and integrate technology into your franchise.
5. Launch: Start serving customers with Yulu’s full support.

Key Responsibilities of EV Bikes Franchise Owners

• Operating and maintaining a fleet of Yulu bikes.
• Managing customer queries and service requests.
• Collaborating with local authorities for permits and compliance.
• Ensuring timely maintenance and charging of vehicles.

Investment and Returns

One of the most attractive aspects of a Yulu Electric Bikes franchise is its affordability. The total investment varies depending on location and scale but typically includes:

• Franchise Fee: A one-time fee to access Yulu’s brand and resources.
• Initial Fleet Purchase: The cost of acquiring your initial fleet of bikes and scooters.
• Operational Costs: Charging stations, maintenance, and staffing.

Expected Returns

With a rapidly growing user base and the potential for recurring revenue, owners of this electric vehicle franchise can expect significant returns within the first 12-18 months of operation.

Why Customers Love The Yulu Electric Bike

The success of the  Yulu electric bikes franchise stems from its commitment to customer satisfaction. Here’s why users prefer Yulu Bikes:

• Convenience: Easily accessible through a mobile app.
• Affordability: Low per-kilometer costs compared to traditional transportation.
• Eco-Friendliness: Zero-emission bikes contribute to a cleaner environment.
• Ease of Use: Simple booking process and user-friendly operations.

How Yulu Bikes Contribute to Sustainability

When you partner with the Yulu EV franchise, you’re supporting a green revolution. Some of the key sustainability initiatives include:

• Reduced Carbon Emissions: Yulu’s EVs are 100% electric, significantly reducing air pollution.
• Battery Recycling: Yulu EV franchise ensures proper disposal and recycling of batteries, minimizing waste.
• Efficient Energy Use: Smart charging solutions optimize energy consumption.

How to Get Started

Starting your Yulu EV bikes franchise is straightforward. 

1. Research: Understand Yulu’s business model and market potential in your area.
2. Contact Yulu: Reach out through their official website to initiate discussions.
3. Assess Investment: Evaluate the initial investment required and plan your finances.
4. Sign Agreement: Once approved, sign the franchise agreement to formalize the partnership.
5. Launch Operations: Begin serving customers and contributing to sustainable urban mobility.

Conclusion

An EV bikes franchise is not just a business opportunity; it’s a movement toward a cleaner, greener future. By partnering with Yulu Electric Bikes, you position yourself at the forefront of this transformation while enjoying the financial rewards of a booming market.

With its incredible support system, proven business model, and commitment to sustainability, Yulu Bikes offers everything you need to succeed as a franchise owner. Don’t miss out on the chance to be part of the EV revolution—start your Yulu E bike franchise journey today!

Are you ready to make a difference? Contact Yulu Bikes now to take the first step.

Disclaimer: The brands mentioned in this blog are the recommendations provided by the author. FranchiseBAZAR does not claim to work with these brands / represent them / or are associated with them in any manner. Investors and prospective franchisees are to do their own due diligence before investing in any franchise business at their own risk and discretion. FranchiseBAZAR or its Directors disclaim any liability or risks arising out of any transactions that may take place due to the information provided in this blog.