Evolet

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BUSINESS DETAILS

Evolet, an EV startup by military veterans makes a mark in e-mobility.

Disruptive technology trends that will transform the automobile industry.

The future is electric. We take much pride in introducing to you our humble Endeavour in contributing to the world of electric vehicles, a brigade of game-changers – Evolet.

A part of Gurugram based Rissala Electric Motors Pvt. Ltd. (REM), Evolet is a brand of new-age electric scooters, motorcycles, quad bikes, ambulances, and buses with ARAI and ICAT certification that are ready to electrify the electric vehicle market while caring for nature.

REM launched its brand ‘Evolet’ with its range of EV models in September 2019 at NCR. The manufacturing facilities are situated at Haryana, Hyderabad, and Chennai offering 13 products in various segments. Our Bilaspur, Haryana facility has a built-up area of 1.4 lakh sq. ft. with a manufacturing capacity of 3.5 lakh two-wheelers per annum. The Hyderabad and Chennai facilities too are fully-equipped to produce 1500 buses per annum and are spread in an area of over 2 lakh sq. ft.

The models are fully equipped with advanced features such as IoT enabled mob app, giving riders information on battery health, charging status, and security tracking on the phone using GPS besides reliability and mileage. Efficient after-sales service, quick availability of spare parts, and lightweight swappable batteries (available in Lithium) and Valve-Regulated Lead-Acid battery –VRLA models are our topmost strategies for ensuring high customer satisfaction.

We plan to establish a manufacturing unit of Lithium-ion batteries in India with technical knowhow & research of Singapore’s most authoritative lithium battery R&D personnel, Dr. Chen Guangsen. He did his Doctorate from Nagoya University in Japan and started his career in 1993 with VARTAR, the oldest German battery company in the world. His company, Advanced Electronic Energy is the leader of Lithium battery research and production since 1998.

INVESTMENT DETAILS

Commenced Operations

Operations Commenced On: 2019

Distribution Commenced On: 2020

Distribution Details

TRADE PARTNERS

TYPES OF CHANNELSINVESTMENT (IF ANY)MARGIN / COMMISSIONSAREA REQUIREMENT
DistributorRs. 20lac – 30lac7%NIL

Expansion Locations

NORTH

Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttaranchal, Uttar Pradesh

SOUTH

Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Telangana

EAST

Assam, Meghalaya, Mizoram, Tripura, Arunachal Pradesh, Manipur, Nagaland, West Bengal, Sikkim, Odisha

WEST

Gujarat, Rajasthan, Maharashtra, Goa

CENTRAL

Chhattisgarh, Madhya Pradesh, Bihar, Jharkhand

UNION TERRITORIES

Andaman and Nicobar, Pondicherry, Chandigarh, Lakshadweep, Daman and Diu

Dealership Details

Exclusive territorial rights to a channel partner: Yes

Performance guarantee to Channel Partner: Yes

Likely pay back period of capital for a Channel Partner: 9-11 Months

PROPERTY DETAILS

Type of property required for this dealership opportunity: Commercial

Floor area requirement: 1000 – 2500 Sq.ft

Preferred location of unit dealership outlet: Automobile hub

AGREEMENT & TERM DETAILS

Do you have a standard dealership agreement? Yes

How long is the dealership term for? 1 Year

Is the term renewable? Yes

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