Under Rs.2 CRORE
Investment Range
600 - 1000 Sq.ft
Area Required
10+
Franchise Outlets
2017
Establishment Year

Yulu Bikes Products and Services


Yulu is a technology driven mobility platform to enable Integrated Urban Mobility across public and private modes of transport. Yulu's vision is to reduce traffic congestion by providing a scalable, affordable, efficient and clean solution for the first mile, last mile, and short distance commute.

We strongly believe that short commute mode can be made more Efficient, Affordable and GREEN, thereby ensuring that future generations will have a healthy environment to live. We want to replace big personal vehicles with a smaller form factor that does not require fossil fuel. Yulu bicycle uses IoT technology to create a vast network of shared dockless bicycles that can be rented easily by user-friendly app in pay per use business model.

Yulu’s Public Bicycle Sharing Service is driven by state of the art technology that includes a sophisticated mobile application, GPS and IoT (Internet of Things) Machine Learning and Artificial Intelligence technologies. It is India’s first, truly dock-less system thats driven by the only smart cycle that’s MADE IN INDIA and powered by solar energy.

The service includes unique features of finding the nearest cycle zone (Yulu Zone), scanning the QR code on the cycle that automatically opens the IoT based lock and paying using Digital Wallet. Unique features of the service includes YULU KEEP that allows users to take the cycle home for a COMMUTE from home to office and back, where they can KEEP the cycle for the night without being charged for holding the bike. The powerful platform includes sophisticated Logistics management to help with Sweeping and Balancing services to ensure availability of cycles as per demand.

We have deployed our services in many locations in Bengaluru, Pune and are in teh progress of expansing our services to more than 10 cities including Navi Mumbai, Mumbai, Nagpur, Chennai, etc.

Yulu Bikes Cost and Investment


Commenced Operations

Operations commenced on
2017
Franchise commenced on
2018

Franchise Details

UNITS

Investment
Under Rs.2 CRORE
Franchise/Brand fee
2 Lakhs
Royalty/Commission
20%

Details

Exclusive territorial rights to a unit franchisee
Yes
Anticipated percentage returns on investment
50%
Likely payback period
12- 20 Months
Other investment requirements
Rs. 1 Crore - Rs. 2 Crore

Yulu Bikes Expansion Plans


NORTH

Delhi, Haryana, Himachal Pradesh, Jammu & Kashmir, Punjab, Uttar Pradesh, Uttarakhand,

SOUTH

Andhra Pradesh, Karnataka, Kerala, Tamil Nadu, Telangana,

EAST

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

WEST

Goa, Gujarat, Maharashtra, Rajasthan,

CENTRAL

Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh,

UNION TERRITORIES

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

Yulu Bikes Property Requirements


Type of property required for this franchise
Commercial
Floor area requirement
600 - 1000 Sq.ft
Preferred location of unit
commercial

Yulu Bikes Training


Training location
Head Office
Expert guidance from head office
Yes
Field assistance
Yes
Current IT systems included
Yes

Yulu Bikes Agreement Details


Do you have a standard franchise agreement?
Yes
How long is the franchise term for?
Lifetime
Is the term renewable?
Yes

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About Franchise Times

Who We Are?

Franchise Times was promoted by professionals with over 25 years of hands on experience in Franchising. The foundations of Franchise Times were laid to assist entrepreneurs from start-ups, SMEs NGOs and corporates to develop sustainable franchise networks. Our multi-disciplinary and tested approach ensures that the appropriate talent and experience are applied at every stage of our work to ensure our clients' business needs are served professionally and in a cost effective manner.

At Franchise Times our success is measured by the growth of our clients' businesses. Within a decade of operation we have created over Rs. 5 million worth of enterprise value for our clients. We've advised over 200 networks and established multiple franchised network locations in India and abroad. We know exactly what it takes to grow a business - many of our clients have come to us with a single location and we've assisted their expansion to India and abroad.

Franchising is a wonderful way to go into business for yourself, but not by yourself. Franchising is an example of teamwork at its best, bringing together talents of a dedicated professionals and management team with hard work, zeal and entrepreneurial spirt of franchisees at the local level to serve our customers.

What We Do?

Franchise Times can help you expand your network in existing and new markets (globally), acquire new clients and increase your revenue, all at a substantially reduced costs.

At Franchise Times we follow an innovative approach that offers customized solutions to meet your specific needs in franchising. Staffed with professionals in sales, marketing, logistics and legal who are well empowered and phone-productive, we bring transformational rewards to your business.

Our offering include

  • Franchise Opportunities
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