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Bolt.Earth

Bolt.Earth Franchise

Automobile & EVEst. 2017Bengaluru

EV-charging 'you own, we operate' franchise: tiers from ₹9.99 L + GST; revenue share unpublished; FY25 loss ₹35 Cr on ₹13.8 Cr revenue; two layoff rounds.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)

Taking franchiseesModels: Unit · DealerTerms 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

FranchiseChuno ScoreNot scored yet — 46% of data verified
  • 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

  1. 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.
  2. Ask for the one-time franchise fee in writing, and whether any part is refundable.
  3. 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 franchisor
Entry station (starts at)+ GST
₹9.99 L

Excludes site-specific upstream works. GST rate not stated.

Essential station (starts at)+ GST
₹15 L

Excludes site-specific upstream works. GST rate not stated.

Enterprise Silver station (starts at)+ GST
₹25 L

Excludes site-specific upstream works. GST rate not stated.

Enterprise Gold station (starts at)+ GST
₹50 L

Excludes site-specific upstream works. GST rate not stated.

Site-specific upstream works
Amount not disclosed

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 Investment₹99.99 L

Total excludes a charge whose amount Bolt.Earth doesn't disclose.

Ongoing charges

Revenue split with Bolt.Earth (partner keeps a share; % unpublished) · The page says the partner earns a revenue share from operations, defined in the franchise agreement; the percentage, and so what Bolt.Earth keeps, is not published.Amount not disclosed
Ongoing Royalty / Revenue ShareRevenue share to the partner, defined in the franchise agreement; percentage not published

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.

Unit franchise

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

Unit franchise

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

Unit franchise

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

Unit franchise

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

Dealership

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 figures

How 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 claim

Bolt.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 check

What 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 more
  • 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

FOCO

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.

Parent CompanyRevos Auto Tech Pte. Ltd. (Singapore)
HeadquartersBengaluru
Bolt.Earth is a Bengaluru EV-charging company. The legal entity behind the Indian brand is Ujoy Technology Private Limited, 99.99% held by Revos Auto Tech Pte. Ltd. of Singapore. The brand says its network has 100,000+ chargers in 2,200+ cities and 610,000+ active EV users. Filings show Ujoy had revenue of about ₹13.8 Cr in FY25 and a net loss of about ₹35.3 Cr. Its franchise page offers a "you own, we operate" model: the partner funds a charging station and provides the site (or shares it on rent or revenue share), and Bolt.Earth installs, runs, maintains and supports it and pays the partner a revenue share. Four tiers are priced "starting at" ₹9.99 L (Entry), ₹15 L (Essential: one 60 kW and one 3 kW DC charger, canopy, CCTV), ₹25 L (Enterprise Silver) and ₹50 L (Enterprise Gold), plus GST. Site works such as load enhancement, transformer, wiring, flooring, meter and deposits are quoted separately after a survey. The page's calculator shows, for the Essential tier at 25 vehicles a day, about ₹1.3 L revenue a month, ₹72.9k profit after electricity and recovery in 1.7 years. What to watch: the revenue-share percentage is not published, and the calculator figures are stated before that share, so the partner's own income and payback cannot be worked out from the page. The brand says utilisation typically ramps up over 6–12 months and that the figures are not guaranteed. Bolt.Earth cut staff twice (Dec 2023 and Apr 2024, per Inc42), closed two business lines, and a 2022 court suit by Bolt Technology OU over its name ended in a 2024 settlement. Its network claims have also moved sharply: 36K+ charging points in Jan 2025 against 100,000+ chargers now, which we cannot reconcile. Bolt.Earth does not publish how many partner-owned stations are running. The company's losses and funding say nothing about what one station earns, so ask existing station owners for actual revenue-share statements and payout history before committing.

Why invest in Bolt.Earth?

- Four published tiers from ₹9.99 L to ₹50 L (excluding GST), with Bolt.Earth installing and running the station. - Tracxn lists about $29.6 M of equity raised by the company, most recently $5 M in Jan 2025; this is the company's funding, not partner returns. - Ujoy Technology is Active at the registrar with a filed AGM (30 Sep 2025) and FY25 accounts.

Bolt.Earth by the Numbers

Source marked on each figure

100,000+ chargers in 2,200+ cities

Chargers deployed · Oct 2026

Brand claim

610,000+ (franchise page also says 5.5 lakh+)

Active EV users · Oct 2026

Brand claim

36K+ 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 filing

about $29.6 M

Equity funding raised · 10 Oct 2026

Independent

Company Financials

Brand-level, publicly reported

The 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

Union Square VenturesPrime Venture PartnersITI Growth OpportunitiesVersion One VenturesSUN MobilityVirya Mobility

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 timelineShow

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

InstagramLinkedInYouTubeFacebookXApp

Company details source: MCA master data via Tracxn; named on the brand's contact page

Bolt.Earth Timeline

  1. 20 Jan 2017

    Revosauto Tech Private Limited incorporated

    Earlier Indian entity behind the Bolt.Earth brand.

    Source
  2. 5 Feb 2020

    Ujoy Technology Private Limited incorporated

    The entity named on the brand's contact page and terms.

    Source
  3. Oct 2023

    $20 M funding round announced

    Inc42 reported sources saying the round had actually closed in 2022.

    Source
  4. 29 Dec 2023

    Layoffs of about 15–35% of staff reported

    Cofounders said 15–20%; Inc42's sources said up to 35%.

    Source
  5. 6 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.

    Source
  6. 30 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.

    Source
  7. 16 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 data

How 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.

  1. 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.
  2. 2Ask for the one-time franchise fee in writing, and whether any part is refundable.
  3. 3Ask for the agreement term, renewal fee and exit or transfer terms.
  4. 4Ask whether you get an exclusive territory, and how large it is.
  5. 5Ask how the franchisor funds training and support while it's loss-making.
  6. 6Ask the brand to respond to each red flag listed under Reputation & News.
  7. 7Have a lawyer review the franchise agreement before paying anything.
  8. 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 whatShow

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

Not published

Supply Chain Support

Vendor sourcing, inventory & logistics

Not published

Technology / POS

Billing, inventory, and management software

Not published

Marketing Support

National & local marketing campaigns

Not included

Launch Support

Pre-opening setup and grand-opening assistance

Not published

Ongoing Field Support

Regular visits and operational coaching

Not published

Ongoing Support

Bolt.Earth says it installs and commissions the station with ASDL-certified technicians, runs day-to-day charging operations, handles maintenance and customer support, lists the station on its app and reports performance to the partner (brand says)

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 went

Frequently Asked Questions

What is the total investment for a Bolt.Earth franchise?
Bolt.Earth states an investment of ₹9.99 lakh–₹50 lakh. Bolt.Earth publishes four tiers priced "starting at" ₹9.99 L, ₹15 L, ₹25 L and ₹50 L, excluding GST. The ₹50 L figure is the floor of the top tier, shown here as the upper bound; the real total depends on the site. Site-specific upstream works (load enhancement, transformer, wiring up to the charger, cement flooring, EV meter and deposits) are quoted separately after a survey and are not included. The land or site is the partner's.
How long does Bolt.Earth say it takes to recover the investment?
Bolt.Earth states a payback of 20 months — the time for cumulative profit to equal the initial investment, as the brand claims it.

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