Indofast Energy has launched a franchise programme to expand its electric vehicle (EV) battery swapping network across India, offering entrepreneurs and business owners potential returns of up to 30 percent annually. The company, a 50:50 joint venture between IndianOil Corporation and SUN Mobility, currently operates over 200 franchise partner stations in more than 12 cities and has facilitated over 44.5 million battery swaps, supporting more than 50,000 vehicles nationwide.
The franchise model offers three formats Swap Point, Swap Hub, and Swap Junction with a minimum space requirement of 250 square feet and investments ranging from ₹10 lakh to ₹40 lakh, providing returns between 1.7x to 2.7x the initial investment. Indofast Energy will provide end-to-end support, including site assessment, operational guidance, and comprehensive training. A referral programme allows existing franchisees to earn additional income by onboarding new partners.
The company plans to focus its expansion in Tier-I and Tier-II cities, including Jaipur, Mumbai, Pune, Bengaluru, Hyderabad, and Chennai, under its Battery-as-a-Service model, which enables vehicles including two-wheelers, three-wheelers, and small four-wheelers to exchange depleted batteries for fully charged ones within seconds, overcoming the long charging times of conventional EV chargers.
Commenting on the launch, a spokesperson from Indofast Energy said, “Our franchise programme offers a low-investment business model with attractive returns, while expanding EV battery swapping infrastructure across India. With over 44.5 million battery swaps completed and a growing network, we aim to provide reliable, convenient, and sustainable solutions for the country’s electric mobility ecosystem.”
The programme aligns with the growth of India’s EV sector, particularly in the gig economy and delivery services, and is designed to ensure automated operations, assured earnings through fixed returns, and minimal involvement for franchise partners, positioning Indofast Energy as a key player in India’s renewable mobility infrastructure.
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