Umair Gaines
Electric scooters are an increasingly popular mode of transport, and with the world moving towards greener energy, they are here to stay. This makes the electric scooter market an attractive prospect for entrepreneurs. One way to enter this market is by joining an existing scooter-sharing network as a franchisee. This allows business owners to leverage an existing, recognised brand and its resources, while still running their own business. There are several electric scooter companies that offer franchise opportunities, including GOAT, Swagtron, Razor, RexSoft, and Simple Energy. Factors to consider when choosing a company to franchise with include the initial investment, ongoing fees, and potential ROI.
| Characteristics | Values |
|---|---|
| Company Name | Swagtron |
| Initial Investment | Low |
| Ongoing Fees | Competitive |
| ROI | High |
| Support | Marketing and Sales |
| Number of Dealers | N/A |
| Location | India |
| Infrastructure Cost | Rs. 50 lakhs to Rs. 60 lakhs |
| Infrastructure Requirements | 1000-1500 sq. ft. area, reception, lounge, display area, billing counters, parking, CCTV, ACs |
| Number of Employees | 2-3 |
| Revenue Share | 90% |
| Minimum Vehicle Count | 100 scooters |
| Software | Joyride |
| Licensing Fee | 20% for <50 scooters, 10% for 300+ scooters |
| Application Cost | $5 per scooter per month |
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What You'll Learn
Electric scooter companies with low initial investment
Electric scooter companies are a great fit for entrepreneurs looking to grow their fleets quickly and with minimal risk involved. There are several companies that offer electric scooter franchises with low initial investment requirements. Here are some examples:
GOAT
GOAT is an electric scooter franchise that provides business owners with the hardware, software, and resources needed to manage their own fleets in their respective cities. They have a pseudo-franchise model, where entrepreneurs can operate under a licensing agreement. For instance, if you launch a GOAT-branded scooter rental business with fewer than 50 scooters, you pay a 20% monthly licensing fee, which decreases as your fleet size increases. GOAT also eliminates overhead costs associated with starting from scratch and provides resources and support backed by a large company.
Scooter Planet
Scooter Planet offers franchise opportunities in the United States with no minimum liquid capital requirements. They also provide financing options and a $5,000 discount on the franchise fee for veterans. Scooter Planet's products include scooters, cycles, motorbikes, and motorcycle rentals. Their franchises are ideal for large cities, tourist locations, and beachfront areas that attract young adult consumers.
Hopp
Hopp is another electric scooter rental franchise that allows individuals to launch their own fleets. They offer a shared risk system called Start-Hopp, where you only need to finance a part of the franchise. Hopp delivers the scooters and helps with the launch, and the operation pays back the financing through a percentage-based repayment structure. The exact percentage is not mentioned, but they claim that all their franchisees have made a return on their investment within a year of launching.
Simple Energy
Simple Energy, a Bangalore-based electric vehicle company, offers a five-year franchise agreement for a fee of Rs. 5 lakhs to Rs. 10 lakhs. The infrastructure cost for setting up a franchise outlet varies between Rs. 50 lakhs and Rs. 60 lakhs. The required infrastructure includes a space of at least 1000-1500 square feet with a reception area, product display area, waiting area, and parking facilities.
Ola Bike
Ola Bike, founded in 2017, offers franchise opportunities for a fee of Rs. 5 lakhs to Rs. 10 lakhs. The infrastructure cost typically ranges from Rs. 50 lakhs to Rs. 90 lakhs. Their infrastructure requirements include a 1000-1500 square feet area, 2-3 employees, a reception area, lounge, product display, and billing counters. Ola Bike offers a 90% revenue share to its franchises.
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Electric scooter companies with low ongoing fees
Electric scooter companies are a great fit for entrepreneurs looking to grow their fleets quickly and with minimal risk.
GOAT
GOAT is a New Jersey-based electric scooter franchise that provides business owners with the hardware, software, and resources needed to manage their own GOAT fleets in their own cities. GOAT uses Joyride to deploy hundreds of shared scooters and bikes nationwide, filling the gaps left by global ride-sharing companies. GOAT's micromobility network uses a pseudo-franchise model, providing its 30+ scooter-share customers with the ability to operate under a licensing agreement. Entrepreneurs who launch a GOAT-branded scooter-rental business with fewer than 50 scooters pay a 20% monthly licensing fee, and the percentage gets as low as 10% as fleet numbers rise (up to 300 scooters or more). GOAT also charges an operational fee of $8.50 per scooter per month.
Scooter Planet
Scooter Planet offers a truly innovative opportunity based on proven success. For far less capital than is required for virtually all other franchises, you can own and operate a very successful vehicle rental business. They also offer financing as well as a discount for veterans ($5,000 discount on the franchisee fee).
Hopp Mobility
Hopp Mobility is an award-winning turnkey electric scooter franchise opportunity. They offer comprehensive financing to start your operation with a high reward, low investment model. Many of their operators have seen ROI in year 1. They offer up to 80% financing to qualifying candidates, regulatory assistance, operations support, and access to their award-winning service app.
Simple Energy
Simple Energy is a Bangalore-based electric vehicle company that offers a five-year franchise agreement at a time for a fee of Rs. 5 lakhs to Rs. 10 lakhs. The outlet or the expenditure required to set up the whole infrastructure for the franchise varies between Rs. 50 lakhs and Rs. 60 lakhs. The required infrastructure includes a space of at least 1000-1500 square feet in area.
Ola Bike
Ola Bike offers franchise opportunities for a fee of Rs. 5 lakhs to Rs. 10 lakhs, and the infrastructure cost usually varies from Rs. 50 lakhs to 90 lakhs. They are presently not accepting any franchises but are planning to restart shortly.
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Electric scooter companies with high potential ROI
Electric scooter companies are a great franchise opportunity for entrepreneurs looking to grow their fleets quickly and with minimal risk. The electric scooter market is rapidly growing, and with the government's target of achieving green transportation, electric scooters are here to stay.
One of the most well-known electric scooter companies is GOAT, which operates in various cities and provides hardware, software, and resources for managing a GOAT fleet. GOAT uses a pseudo-franchise model, where entrepreneurs can operate under a licensing agreement. The licensing fee starts at 20% for fleets of fewer than 50 scooters and can go as low as 10% for larger fleets. This model allows operators to benefit from bulk prices and provides access to resources and support from a large company.
Another successful electric scooter franchise is Hero Electric, which has over 2000 dealers across India. Hero Electric follows the typical franchise model, where the franchise holder gets most of the revenue share, usually around 90%.
Simple Energy, a Bangalore-based company, offers a five-year franchise agreement for a fee of 5 to 10 lakhs rupees. The infrastructure cost for setting up a franchise outlet ranges from 50 to 60 lakhs rupees, and the outlet must meet specific requirements, including a 1000-1500 square foot area with a reception, product display, and waiting area.
Ola Bike is another prominent electric scooter company in India, offering a similar franchise fee and infrastructure cost to Simple Energy. However, they are not currently accepting any new franchises.
Hopp Mobility is an electric scooter rental company with a franchise fee of $5000 and a total initial investment of $25,000. They provide a turnkey franchise model, allowing franchisees to start earning revenue immediately. Hopp offers ongoing support, access to maintenance professionals, and marketing guidelines. All of their franchisees have made a return on their investment within a year of launching.
Sun.Rent is another electric scooter rental company with a global presence. They offer a pre-configured system for accounting, remote payments, and data analysis, as well as a mobile application for technicians and end users.
When considering an electric scooter franchise, it's important to evaluate the company's business model, fees, infrastructure requirements, and the support they provide to ensure a high potential ROI.
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Electric scooter companies with high revenue share
Electric scooter companies are a great fit for entrepreneurs looking to grow their fleets quickly and with minimal risk. The franchise model offers benefits for both established operators and prospective ones.
One such company is GOAT, which provides business owners with the hardware, software, and resources needed to manage their own GOAT fleets in their own cities. GOAT uses Joyride to deploy hundreds of shared scooters and bikes nationwide, achieving an average annual fleet revenue growth of 40%. The company uses a pseudo-franchise model, providing its 30+ scooter-share customers with the ability to operate under a licensing agreement. The licensing fee is 20% monthly for entrepreneurs who launch a GOAT-branded scooter-rental business with fewer than 50 scooters, and the percentage lowers as fleet numbers increase, getting as low as 10% for fleets of 300 scooters or more.
Another company, Hopp, offers a shared risk system called Start-Hopp, which enables the company to expand its brand and entrepreneurs to open their business. Hopp provides end-to-end software and business solutions to help launch a shared scooter fleet in your city. The company also provides expert assistance for creating business plans, estimating the size and scope of new operations, and implementing best practices. All of Hopp's franchisees have made a return on their investment within a year of launching.
In India, Ola Bike offers a 90% revenue share to its franchises. The company charges a fee of Rs. 5 lakhs to Rs. 10 lakhs, and the infrastructure cost usually varies from Rs. 50 lakhs to 90 lakhs. The infrastructure requirements include a 1000-1500 square foot area for the store, 2-3 employees, a reception area, lounge area, product display, and billing counters. The store must also be under CCTV surveillance and have ACs.
Hero Electric, another Indian company, is the most successful e-scooter franchise to date, with more than 2000 dealers across the country. Most e-scooter franchisors in India share 90% of the revenue with franchisees, and electric vehicles are the future, making these franchises potentially very profitable.
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Electric scooter companies with low infrastructure costs
Electric scooters are an increasingly popular mode of transport, particularly in urban areas. They are also an eco-friendly alternative to other vehicles, which is an attractive feature as fuel prices rise.
There are several electric scooter companies that offer franchise opportunities with low infrastructure costs. For example, Hopp offers a franchise where you can launch your own electric scooter rental business. They provide expert assistance with planning, launching, and running the franchise, and they also help with financing. The Start-Hopp™ initiative is a shared-risk system that enables Hopp to expand its brand and entrepreneurs to open their business.
Another option is GOAT, a New Jersey-based electric scooter franchise that provides business owners with the hardware, software, and resources needed to manage their own GOAT fleets in their chosen cities. GOAT uses the Joyride platform to deploy its scooters and bikes, and it offers a pseudo-franchise model with a licensing agreement. Entrepreneurs launching a GOAT-branded scooter rental business with fewer than 50 scooters pay a 20% monthly licensing fee, which decreases as the fleet size increases.
In India, there are several electric scooter companies with low infrastructure costs. For instance, Ather offers franchise opportunities with support facilities that include training in various aspects, such as interior designing, RM support, monetary support, and website support. Okinawa Scooters is another electric scooter company in India with over 50 franchise outlets and a low infrastructure cost.
Simple Energy, another Indian company, offers a five-year franchise agreement for a fee of Rs. 5 lakhs to Rs. 10 lakhs. The infrastructure cost for setting up a franchise outlet is between Rs. 50 lakhs and Rs. 60 lakhs, which includes a space of 1000-1500 square feet with a reception area, product display area, waiting area, and parking facility.
These electric scooter companies provide franchise opportunities with relatively low infrastructure costs, making them attractive options for entrepreneurs interested in the micromobility market.
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Frequently asked questions
Some of the cheapest electric scooter companies to franchise with are Swagtron, Razor, GoTrax, and URB-E.
Owning a franchise offers the opportunity to run your own business with the support of an established brand. Other benefits include simplified payments, bulk pricing, and access to resources and support from the parent company.
Some popular electric scooter companies that offer franchising opportunities are Hero Electric, Ola Bike, Okinawa Scooters, and Simple Energy.
The costs involved in franchising with an electric scooter company can vary. Initial investment costs can range from Rs. 5 lakhs to Rs. 10 lakhs, while infrastructure costs can vary from Rs. 50 lakhs to Rs. 90 lakhs. There may also be ongoing fees, such as monthly licensing fees or subscription fees for scooter rental apps.
When choosing an electric scooter company to franchise with, it is important to consider the initial investment, ongoing fees, potential ROI, brand recognition, support from the parent company, and growth opportunities.
