Yulu has announced the launch of the Yulu Business Partner Programme for Indian cities.
Under the Programme, established business entities and young entrepreneurs will get the opportunity to roll out Yulu’s mobility service in their respective cities with end-to-end support from the company.
It will enable Yulu to democratize access to green mobility outside India’s main metros while supporting enterprises and ambitious entrepreneurs with deep knowledge of the local market to launch profitable businesses with an annual return on investment (ROI) potential of over 25%.
The company’s vision is to enable its local partners to launch more than 10,000 Yulu electric 2-wheelers in the coming year.
The Yulu Business Partner Programme is ideal for entrepreneurs who aim to launch city-based tourism services, offer daily rentals for work-related commutes, or provide EV- based last-mile logistics services. Its plug-and-play model has flexible options for partners to purchase Yulu’s purpose-built vehicles, swappable Li-Ion batteries, and charging systems, and is designed to be scalable and frictionless. Each partner will get access to Yulu’s complete technology platform that is enabled with artificial intelligence and machine learning, along with the training and onboarding support they need to independently manage their day-to-day operations.
Amit Gupta, Co-Founder and CEO of Yulu, said, “As India’s largest shared EV mobility company, Yulu has always believed that there is massive scope to introduce green mobility solutions in regions outside the main metros. We are delighted to launch the Yulu Business Partner Programme, which will merge Yulu’s vast experience and expertise in shared electric mobility with local entrepreneurs’ resources and their knowledge of their city’s pulse.”
To be eligible for the Programme, interested individuals or businesses must have an investment appetite between Rs 50 lakh – Rs 2 crore, along with a deep understanding of the market and the ability to build partnerships with local city authorities and corporate entities, the press release noted.