Business Idea- Want to earn good amount of money? But dont want to work for anyone anymore? then this article is made for you. The popularity of electric vehicles is increasing continuously in India. EV scooters and bikes have now become the first choice of the youth as well as the elderly. Ease of driving, no need for license and low cost are the main reasons for their popularity.
Due to the increasing demand for EVs, e-bike rental business has become a highly profitable business. If you want to start a profitable business with less capital, then you should start the electric bike-scooter rental business. With the right planning, marketing, and maintenance, you can earn a lot of money every month from this business. You do not need to spend a lot of money to start an e-bike rental business. You can start this business by investing only Rs 10 lakh. A good quality e-bike costs up to Rs 60,000. You can also start with ten bikes. Along with the bikes, you will also have to spend some money for charging stations, office and warehouse, app or website and registration and office help.
The best place to start an e-bike rental business can be the main road of your city, market, college, places where there are many offices or main tourist palaces. You can open your office in 400-600 square feet of space. Outside businessmen, marketing executives, students and tourists will be your potential customers.
Where and how much money will have to be invested
In the e-bike rental business, you will spend the most money on buying e-scooters. If you start with ten scooters, you will have to invest at least Rs 600,000. You will also have to spend at least Rs 60-70 thousand in the beginning to pay the advance for the office or showroom rent. To charge the e-bike, you will also have to spend at least one lakh rupees on the charging station.
You will have to spend a good amount of money on the app, website and promotion of your business, which will go up to at least 1,00,000. Apart from this, at least 50 thousand rupees will be spent on helmet, insurance etc. At least one lakh rupees will also be spent on office furniture and decoration. In this way, you can start this business in total for ten lakh rupees.
How and how much will you earn?
Earnings will depend on the rental model, number of bikes and customer base. If you get Rs 100 rent per hour and a bike is rented for 6 hours a day, then the earning per bike will be Rs 600 per day. In this way, ten bikes can generate an income of Rs 6000 per day, i.e. Rs 180000 per month. If we assume an average earning of Rs 400 per day from one bike, then you can earn Rs 1.2 lakh per month.