Ola Electric, a subsidiary of Ola, one of the leading ride-sharing companies in India, has recently launched its electric scooter for the Indian market.
The Ola electric scooter is expected to be a game-changer in the electric two-wheeler segment, as it offers a range of features and benefits, such as a spacious boot, a digital dashboard, a reverse mode, and a keyless start.
The Ola electric scooter is also priced competitively, starting from Rs. 99,999 for the base variant and Rs. 1,29,999 for the pro variant.
However, one of the main challenges that electric vehicle owners face is the availability and accessibility of charging stations.
To address this issue, Ola Electric has announced plans to set up its Hypercharger network across India, over the course of the next five years.
These charging stations will be exclusive to Ola Electric vehicles, starting with the Ola electric scooter.
What is the Ola Hypercharger Network?
The Ola Hypercharger Network is a network of electric vehicle charging stations that will be spread across 100+ cities, with 200+ Hyperchargers and 500+ charging points.
The hyperchargers are fast-charging stations that can charge the Ola electric scooter up to 50 km range in just 15 minutes, which is twice as much as the competition.
The hyperchargers will also offer free charging for Ola electric scooter customers.
The Ola Hypercharger Network will be integrated with the Ola Electric app, which will allow the customers to check the live status of the charging stations, locate the nearest one, and monitor the charging progress.
The app will also provide other features, such as booking a service appointment, accessing the scooter’s diagnostics, and customizing the scooter’s settings.
How to Become an Ola Hypercharger Franchisee?
Ola Electric is inviting interested parties to become a part of its Hypercharger network by hosting a Hypercharger at their premises.
This can be a lucrative business opportunity for those who have a suitable location, such as a petrol pump, a mall, a restaurant, a hotel, or any other commercial establishment, where there is a high footfall of potential customers.
Benefits of becoming an Ola Hypercharger franchisee
- You can earn a commission for every charging session that takes place at your Hypercharger.
- You can attract more customers to your existing business by offering them a convenient and eco-friendly charging option.
- You can contribute to the green mobility revolution by promoting the adoption of electric vehicles in India.
Requirements for Ola Hypercharger Franchisee
- You should have a minimum space of 100 sq. ft. to install a Hypercharger, which can accommodate two scooters at a time.
- You should have a three-phase power connection with a minimum load of 15 kW.
- You should have a valid GST registration and PAN card.
- You should be willing to sign a long-term agreement with Ola Electric and adhere to its terms and conditions.
The cost of becoming an Ola Hypercharger franchisee is not disclosed by the company yet, but it is expected to be affordable and reasonable, considering the potential returns.
The company will provide the necessary equipment, installation, maintenance, and support for the Hyperchargers.
How to Apply for an Ola Hypercharger Franchise?
If you are interested in becoming an Ola Hypercharger franchisee, you can apply online by filling out a simple form on the Ola Electric website.
You will have to provide your personal details, contact details, location details, and business details. You will also have to upload the documents required for verification, such as your GST certificate, PAN card, and electricity bill.
Once you submit your application, you will receive a confirmation email from Ola Electric. The company will then review your application and get in touch with you for further discussion.
If your application is approved, you will have to sign an agreement with Ola Electric and pay the franchise fee.
The company will then install the Hypercharger at your location and train you on how to operate it.
Is the Ola Hypercharger Franchise Business Profitable?
Ola Hypercharger franchise business can be a profitable venture for those who have a strategic location and a loyal customer base.
The profitability of the business will depend on various factors, such as the number of charging sessions, the duration of charging, the commission rate, the operational costs, and the competition.
According to some estimates, the average revenue per Hypercharger can be around Rs. 1.5 lakh per month, assuming 20 charging sessions per day, with an average duration of 15 minutes, and a commission rate of Rs. 25 per session.
The operational costs can include the electricity charges, the maintenance charges, the franchise fee, and the taxes. The net profit can be around Rs. 1 lakh per month, after deducting the operational costs.
However, these are only indicative figures, and the actual revenue and profit may vary depending on the market conditions, the customer demand, and the company policies.
The Ola Hypercharger franchise business is still in its nascent stage, and there may be some risks and challenges involved, such as the regulatory uncertainties, technical glitches, customer complaints, and competition from other charging networks.
Therefore, it is advisable to do thorough market research, a SWOT analysis, and a feasibility study before investing in this business.
You should also consult a financial expert and a legal advisor to understand the financial implications and the legal obligations of becoming an Ola Hypercharger franchisee.
Conclusion
The Ola Hypercharger franchise is a promising business opportunity for those who want to tap into the growing market of electric vehicles in India.
By becoming an Ola Hypercharger franchisee, you can not only earn a steady income but also contribute to the environmental sustainability and social welfare of the country.
However, you should also be aware of the risks and challenges involved, and make an informed decision based on your goals, resources, and capabilities.
