Bolt.Earth Franchise
EV-charging 'you own, we operate' franchise: tiers from ₹9.99 L + GST; revenue share unpublished; FY25 loss ₹35 Cr on ₹13.8 Cr revenue; two layoff rounds.
Bolt.Earth franchise at a glance (terms checked Oct 2026)
Investment
₹9.99 L - ₹50 L
Partly published by the brand · incl. equipment, fit-out · excl. GST, land, rent deposit · + GST · Below the category (typical ₹33.75 L–₹1.22 Cr, median ₹37.5 L, 7 verified brands)
Ongoing take
Revenue share to the partner, defined in the franchise agreement; percentage not published
Franchise fee
Not published
Payback
20 months
Brand's own claim
- Franchisor made a loss of ₹35.3 Cr in FY25
- Legal or regulatory action on record — see Reputation & News
- Disputes with franchisees: None found (records checked 10 Oct 2026)
- Company standing: Active and up to date with the registrar
- Believable payback: 20-month payback claimed
Outlets
Not published
What we couldn't verify
- • Outlet closures
- • Franchisee satisfaction
- • Revenue trend
- • Outlets we could verify
Ask before you sign
- Speak to at least 3 franchisees who have run an outlet for 2+ years and see their actual monthly sales and profit — a franchisor making money doesn't mean its franchisees do.
- Ask for the one-time franchise fee in writing, and whether any part is refundable.
- Ask for the agreement term, renewal fee and exit or transfer terms.
Franchise terms checked against Bolt.Earth's official franchise page on 14 Oct 2026. Figures marked * aren't published by the brand — they come from other published sources or our own estimate, and aren't verified.
Investment Breakdown
Per franchisorExcludes site-specific upstream works. GST rate not stated.
Excludes site-specific upstream works. GST rate not stated.
Excludes site-specific upstream works. GST rate not stated.
Excludes site-specific upstream works. GST rate not stated.
Load enhancement, transformer, wiring up to the charger, cement flooring, EV meter and deposits are quoted separately after a site survey. Amount not published.
Total excludes a charge whose amount Bolt.Earth doesn't disclose.
Ongoing charges
Model your own numbers in our calculator
Open the ROI calculator* Breakdown as published by Bolt.Earth. Bolt.Earth confirms 2 charges without disclosing the amount — get it in writing before you pay.
Ways to Partner with Bolt.Earth
5 partner models published by the brand. Figures it doesn't publish are left blank.
Entry station
- Investment
- ₹9.99 L+
- Royalty / margin
- Revenue share on charging income (percentage not published)
- Who it suits
- Capital plus a commercial site near a main road or highway with adequate power; confirmed by site survey
"Starts at" price, excluding GST and site-specific works. Best suited to: Neighbourhood retail complexes, gyms and local parking spaces
Essential station
- Investment
- ₹15 L+
- Royalty / margin
- Revenue share on charging income (percentage not published)
- Who it suits
- Capital plus a commercial site near a main road or highway with adequate power; confirmed by site survey
"Starts at" price, excluding GST and site-specific works. Best suited to: State and national highway food courts, fuel pumps and dhabas; 1 × 60 kW dual-gun DC charger, 1 × 3 kW dual-gun DC charger, canopy and bay lighting, 2 CCTV cameras and network equipment
Enterprise Silver station
- Investment
- ₹25 L+
- Royalty / margin
- Revenue share on charging income (percentage not published)
- Who it suits
- Capital plus a commercial site near a main road or highway with adequate power; confirmed by site survey
"Starts at" price, excluding GST and site-specific works. Best suited to: Custom multi-charger set-ups for city centres, mall parking and logistics yards
Enterprise Gold station
- Investment
- ₹50 L+
- Royalty / margin
- Revenue share on charging income (percentage not published)
- Who it suits
- Capital plus a commercial site near a main road or highway with adequate power; confirmed by site survey
"Starts at" price, excluding GST and site-specific works. Best suited to: Flagship hub with maximum capacity, visibility and infrastructure upgrades
Dealer or distributor (chargers and software)
- Investment
- —
- Royalty / margin
- Margin on selling Bolt.Earth charging products and services; terms not published
- Who it suits
- —
A separate programme for selling Bolt.Earth hardware and solutions; no investment or margin published.
Unit Economics
Brand's own figuresHow Bolt.Earth says an outlet's numbers work. These are illustrations, not guarantees — check them against existing franchisees before you sign.
Essential station
- Gross charging revenue per month (calculator: quiet to busy)Indicative; station-level, before the revenue share.
- 78,800 – 1,80,000 INR per month
- Profit after electricity per month (calculator, likely case)The partner's own profit will be lower once the unpublished revenue share is deducted.
- 72,900 INR per month
- Cost recovered (calculator, likely case)Brand also says utilisation typically ramps up over 6–12 months.
- 20 months
What Bolt.Earth Says You Can Earn
Brand claimBolt.Earth's own claim — no evidence given. These are not FranchiseChuno's estimates or a promise of earnings; ask existing franchisees what they actually make.
- PaybackMonths until cumulative profit equals what you invested.
- 20 months
- Monthly sales
- ₹79K – ₹1.8 L
- Monthly profit
- ₹73K
These come from the franchise page's calculator for the Essential tier (₹15 L + GST) at 25 vehicles a day with a balanced vehicle mix: gross revenue ₹78.8k (quiet), ₹1.3 L (likely) and ₹1.8 L (busy) a month; profit after electricity ₹72.9k a month (likely); cost recovered in 1.7 years (about 20 months). Bolt.Earth says the figures are indicative, station-level and shown before the revenue share, and that maximum capacity is not a guaranteed earning figure. Because the share is unpublished, the partner's own income and payback are likely longer than shown. Check: the page's 1.7 years equals ₹15 L ÷ ₹72.9k a month (about 20.6 months), so GST on the tier price is not in the payback.
Reputation & News
3 red flags to checkWhat the press, courts and real franchisees or customers have said about Bolt.Earth — summarised by us, with every source linked.
- In the news· 29 Dec 2023
Bolt.Earth cuts about 20% of its workforce (Inc42, Dec 2023)
Inc42 reported the cofounders put the cut at 15–20% of about 250 staff, while its sources said up to 35%. The cofounders blamed uncertainty over the FAME II scheme; one source tied it to conditions for fresh investment.
Source: Inc42 - In the news· 6 Apr 2024
Second restructuring; two business lines shut (Inc42, Apr 2024)
Inc42's sources estimated 40–60% of staff were affected and cited a cash crunch; Bolt.Earth called that "highly exaggerated", confirmed layoffs in its OS and fleet-management teams and said it was refocusing on EV charging.
Source: Inc42 - Legal / regulatory· 30 Jul 2024
Delhi High Court suit by Bolt Technology OU against the operator, settled in 2024
Bolt Technology OU sued Ujoy Technology Private Limited in 2022. Interim injunction and contempt orders were passed in 2023, then set aside and expunged after a settlement recorded by the Supreme Court on 13 May 2024; the suit was dismissed as infructuous on 30 Jul 2024.
Source: Indian Kanoon (Delhi High Court order) - In the news· 16 Jan 2025
$5 M Series A+ led by Version One Ventures; new CEO (Jan 2025)
A company press release, carried as an advertorial, reports 36K+ charging points in 1,600+ cities and 210K+ active users at the time, and a CEO change.
Source: Bolt.Earth press release via The Tribune
Show 2 moreShow fewer
- Customer view· 10 Oct 2026★ 3.6/5 · 328 ratings
Bolt.Earth charging app on the App Store (EV drivers)
Customer ratings of the charging app, not franchisee reviews; noticeably lower than the Google Play rating.
Source: Apple App Store - Customer view· 10 Oct 2026★ 4.5/5 · 2,954 ratings
Bolt.Earth charging app on Google Play (EV drivers)
Customer ratings of the charging app, not franchisee reviews.
Source: Google Play
Key Terms at Bolt.Earth
The clauses that shape day-to-day running and your exit — read these before the fee.
- Payments to the brand
- The partner earns a revenue share from operations; the percentage is "defined in your franchise agreement" and not published.
- Other terms
- Bolt.Earth runs day-to-day charging operations, maintenance, customer support and payments; the partner receives performance reporting and a revenue share (brand says).
- Who pays for what
- Upstream infrastructure (load enhancement, transformer, wiring, flooring, EV meter, deposits) is quoted separately per site and is outside the tier prices.
- Other terms
- Service terms for breakdowns are covered in the franchise agreement; "no obligation until you sign"; term, exit and renewal conditions are not published.
Legal & Contract Summary
Key contract terms at a glance — read before you sign.
Agreement Type
Franchisee-Owned, Company-Operated
Contract Duration
—Renewal Available
—Territory Exclusivity
—Non-Compete Clause
—Exit Clause
—Who Can Apply for Bolt.Earth
Conditions the brand sets for partners, and the licences the business needs.
- Site: Commercial site near a main road or highway with adequate power; landowners may supply the plot, or partner on rent or revenue shareRequired
- Feasibility: Site survey by Bolt.Earth's engineering team checks load capacity, layout and footfall potentialRequired
- Capital: Partner funds the station set-up (tiers start at ₹9.99 L plus GST)Required
- Operations: None: Bolt.Earth operates the station (brand says)Preferred
About the Brand
Brand USP
Company-operated EV charging stations that the partner owns, with revenue shared and listing on Bolt.Earth's charging app.
Why invest in Bolt.Earth?
Bolt.Earth by the Numbers
Source marked on each figure100,000+ chargers in 2,200+ cities
Chargers deployed · Oct 2026
Brand claim610,000+ (franchise page also says 5.5 lakh+)
Active EV users · Oct 2026
Brand claim36K+ across 1,600+ cities, 210K+ active users
Charging points reported in Jan 2025 · 16 Jan 2025
Brand claim₹13.8 Cr revenue; ₹35.3 Cr net loss
FY25 revenue and net loss · FY25
Company filingabout $29.6 M
Equity funding raised · 10 Oct 2026
IndependentCompany Financials
Brand-level, publicly reportedThe franchisor's own company health — separate from what a single franchise outlet earns.
Revenue (FY25)
₹13.78 Cr
Net loss (FY25)
₹35.29 Cr
Total funding raised
$29.6M+
Latest round (16 Jan 2025)
$5.0M · Series A+ led by Version One Ventures, with Union Square Ventures and Prime Venture Partners (company announcement)
Employees (30 Sep 2026)
254
Notable investors
Source: Ujoy Technology Pvt Ltd statutory filings via Tracxn (India operating entity)
Source: Bolt.Earth announcement (press release carried by The Tribune)
A profitable franchisor doesn't mean profitable franchisees. These are the company's numbers, not an outlet's. A franchisor can grow on fees and supplies while outlets struggle — talk to existing franchisees and see their accounts before you decide.
Company Health Check
What Bolt.Earth's franchisor company has filed with the registrar and the courts — the checks a lawyer would run before you sign.
- Status with the registrar
- Active
- Last AGM
- 30 Sep 2025
- Paid-up capital
- ₹6.35 L
- Auditor
- R Manmohan & Associates
- Brand trademark
- Not checked: IP India's search needs a CAPTCHA, which we do not bypass. A Delhi High Court suit by Bolt Technology OU over the use of "Bolt" was settled in 2024 (see case records).
Group companies
- Revos Auto Tech Pte. Ltd.Holding company · 99.99%
- Revosauto Tech Private LimitedGroup company
Source: Tracxn (MCA filings), Indian Kanoon, Inc42 (checked 10 Oct 2026)
Full company recordsFinancials year by year, registered details, leadership and timelineShowHide
Company Profile
The legal entity behind the brand, its leadership, and its official channels.
- Registered name
- Ujoy Technology Private Limited
- Company type
- Private Limited Company
- CIN
- U72900KA2020PTC132366
- Incorporated
- 5 Feb 2020
- Headquarters
- Bengaluru
Leadership
- RRaghav BharadwajChief Executive Officer (since Jan 2025)
- MMohit YadavCo-founder and CTO
- JJyotiranjan HarichandanCo-founder; Head of Strategic Partnerships (earlier CEO)
Social presence
Company details source: MCA master data via Tracxn; named on the brand's contact page
Bolt.Earth Timeline
20 Jan 2017
Revosauto Tech Private Limited incorporated
Earlier Indian entity behind the Bolt.Earth brand.
Source5 Feb 2020
Ujoy Technology Private Limited incorporated
The entity named on the brand's contact page and terms.
SourceOct 2023
$20 M funding round announced
Inc42 reported sources saying the round had actually closed in 2022.
Source29 Dec 2023
Layoffs of about 15–35% of staff reported
Cofounders said 15–20%; Inc42's sources said up to 35%.
Source6 Apr 2024
Second restructuring; OS and fleet-management verticals shut
Company called a 60% staff-cut estimate "highly exaggerated" but did not give a number.
Source30 Jul 2024
Delhi High Court suit by Bolt Technology OU disposed of after settlement
Suit dismissed as infructuous after a consent agreement recorded by the Supreme Court.
Source16 Jan 2025
$5 M Series A+ and CEO change
Raghav Bharadwaj became CEO, succeeding co-founder Jyotiranjan Harichandan.
Source
FranchiseChuno Analysis
Our analysis of verified dataHow Bolt.Earth looks once the numbers are checked side by side.
- •Investment in line with the Automobile & EV medianMidpoint ₹30 L vs a category median of ₹37.5 L across brands on FranchiseChuno.
- !The franchisor company is loss-makingIts latest filed accounts show a net loss. Franchisors that lose money can cut support or change terms — ask how franchise operations are funded.
- ✓Brand operating for 9 yearsFounded in 2017. The brand doesn't state when franchising began.
- !3 red flags in the news or public discussionSee Reputation & News below, and ask the brand to address each one.
Data completeness
55%
- ✓ Terms checked against the brand's own page
- ✓ Published investment (not an estimate)
- ○ Franchise fee
- ✓ Royalty
- ○ ROI or payback claim
- ○ Agreement term
- ○ Training details
- ○ Outlet cities verified
- ✓ Company financials
- ✓ Legal entity
- ✓ News & public opinion checked
Ask Before You Sign
Questions tailored to what Bolt.Earth does and doesn't publish.
- 1Speak to at least 3 franchisees who have run an outlet for 2+ years and see their actual monthly sales and profit — a franchisor making money doesn't mean its franchisees do.
- 2Ask for the one-time franchise fee in writing, and whether any part is refundable.
- 3Ask for the agreement term, renewal fee and exit or transfer terms.
- 4Ask whether you get an exclusive territory, and how large it is.
- 5Ask how the franchisor funds training and support while it's loss-making.
- 6Ask the brand to respond to each red flag listed under Reputation & News.
- 7Have a lawyer review the franchise agreement before paying anything.
- 8Visit 2–3 existing outlets and speak to their owners without the brand present.
Running the outletSpace, staff, launch steps, training, support and who does whatShowHide
Operations Required
What you'll need on the ground to run this franchise day-to-day.
Area Required
—
Staff Needed
—
Setup Time
—
Owner Involvement
—
Best Locations
Not published
Business Type
Not published
Training & Support
What the brand provides to help you launch and run your franchise.
Operations Manual
Step-by-step playbook for running the outlet
Supply Chain Support
Vendor sourcing, inventory & logistics
Technology / POS
Billing, inventory, and management software
Marketing Support
National & local marketing campaigns
Launch Support
Pre-opening setup and grand-opening assistance
Ongoing Field Support
Regular visits and operational coaching
Ongoing Support
What Bolt.Earth franchisees say
We haven't yet heard from enough Bolt.Earth franchisees to show anything. We publish totals once 3 or more people who run an outlet have answered and we've called each one to check.
I run a Bolt.Earth outlet — share how it wentFrequently Asked Questions
What is the total investment for a Bolt.Earth franchise?
How long does Bolt.Earth say it takes to recover the investment?
Similar Automobile & EV Franchises
View AllInterested in
Bolt.Earth

