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Smartly Built

High-end design, functionality, powerful batteries, and use of automated technology makes it highly desirable.
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Battery Swap

Swap out batteries in minutes with robotic automation. No more waiting for your bike to start off a ride.
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Low Maintenance

With minimal moving parts unlike any electric vehicle; the battery, motor and associated electronics needs ultra-low maintenance.
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R & D backed

Quality and safety checks carried out with a thorough R&D that are of international standards.
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Economic & Energy-efficient

Low maintenance, enhanced performance with IoT for unified operations & monitoring makes it an ideal choice.

AVERA

Your Ride for Cleaner and Greener Tomorrow

Electric is the new mantra in the mobility segment. What was then a wait and watch segment now has everyone interested. With the electric vehicle market estimated to reach a value of INR 17.43 billion by FY 2024, every big, medium and small player is foraying into it. Looking for an electrifying franchise opportunity? Self-start your entrepreneurial journey with AVERA.

AVERA is a vertically integrated manufacturer of pure electric vehicles and energy retailer brand. Launched by a team of young entrepreneurs in Amaravati region of Andhra Pradesh, AVERA aims to become a globally recognized producer of economical, greener, and energy-efficient pure electric vehicles.

With a key focus on electrifying traditional emission-releasing vehicles for a more sustainable and economical solution, AVERA aspires to disrupt the two-wheeler automotive industry in India, by offering electric bikes and scooters at prices affordable to the average consumer.

The AVERA way of Mobility

We Stand out with

Electric Mobility | Greener & Cleaner | Doorstep Vehicle Delivery & Service | Easy Charging | Battery Swapping | Internet of Things | Quality Checks & Safety
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Electric mobility

A range of electric bikes and vehicles that are better, quicker and fun to drive with no compromise on performance.
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Greener & Cleaner

Affordable operating costs. Zero emission
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EV Supply Chain

Right from production of batteries to vehicle parts to assembly and delivery, we have complete ownership of the entire EV supply chain
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Doorstep Vehicle Delivery & Service

First of its kind in the segment. Personalised sales and after-sales support.
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Easy Charging

Conveniently located charging points and partner network across cities when you are on the go. Integrated home-charging kit provided.
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Internet of Things (IoT)

First connected scooter in two-wheeler industry working on IoT with unified operations and monitoring management.
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Quality Checks & Safety

The Joy Of ride that comes to you with a complete backing of a rigorous R&D for all Safety and Quality checks with international standards for a global perspective.

Market Opportunity - The Future of EVs

  • The electric two-wheeler (E2W) market in India has grown by a CAGR of 62%  from FY2016 till FY2020.
  • The FY2020 sales of electric two-wheelers stood at 152,000 units, which is a  marginal increase of 20% over that in the previous year. E2W space is anticipated  to witness significant disruption after 2024 when the battery prices fall below $100/ kWh.
  • Market is likely to grow from 1,52,000 units in FY2020 to about 34,50,000 units  by FY2025 (CAGR of 87%).
  • The electric bikes market in India is estimated to reach a value of INR 17.43 Bn by FY 2024.
  • Although electric bikes comprised a minimal share (~0.6%) of the total two-wheeler sales in India in FY 2019, its sales with respect to the previous year have increased by about 129%.
  • Niti Aayog has proposed and mandated the electrification of all two wheelers with a displacement capacity of below 150 cc by March 2025.
  • With the BS-VI (emission) norms becoming applicable from April 2020, EVs will become more price-competitive with conventionally fuelled vehicles, thus accelerating sales.
  • Under the schemes FAME and FAME II, the government has outlaid a budget of INR 107.95 Bn, directed towards the faster growth of electric vehicles.
  • Electric bikes have already set a prominent footprint in the states of Uttar Pradesh, West Bengal, Gujarat, Tamil Nadu and Maharashtra. With further development in charging infrastructures, the adoption of electric bikes is likely to increase in other parts of the country as well.

Franchise Business Models

 
Silver Model Gold Centre Elite Centre
Area Required (SFT) 700 1200 1800
Total Project Cost (INR) 29.9 Lakhs 56.9 Lakhs 99.4 Lakhs
Development Fees (INR) 5 Lakhs 10 Lakhs 20 Lakhs
Margins (EV) 11% 13% 15%
Margins (Accessories) 25% 25% 25%
Payback Period 2 Year 5 Months 2 Year 4 Months 2 Years
Agreement Term 5 Years 5 Years 5 Years

Support to Franchise

Real Estate Selection

We help identify a suitable location to set-up and run operations

Design & Setup

Complete support for branding, interiors and collaterals

Staff Selection & Training

Support with recruiting, train and retaining staff interiors and collaterals

Scalability Support

Aligned with our expansion plans, we provide guidance to further expand your franchise presence

Sales & Marketing Support

Training and guidance for conventional and digital marketing initiatives

IT Infrastructure

Complete set-up and training imparted to familiarise staff

Service & Spares

Start to end supply chain support provided along with full-fledged service operations

Future of Mobility - Ride With Us

With electric bikes poised to be the game-changer for the two-wheeler industry and our inevitable electric vehicles with best in class performance and affordability, this is a perfect time and opportunity to be part of the new-age clean revolution. Conceived and proudly built in India, join us in our journey of revolutionizing the two-wheeler segment. Ready for a ride together?

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