Ultric Franchise
Brand Information Snapshot
| Brand Name | Ultric |
|---|---|
| Industry Category | Automotive |
| Business Segment | Electric Vehicles / Commercial Vehicles |
| Founded Year | 2021 |
| Franchise Started Year | 2024 |
| Headquarters | India |
| Number of Franchise Outlets | 1–10 |
1. What is Ultric?
Ultric is a franchise brand operating in the automotive sector, specializing in electric vehicles (EVs) for commercial and passenger use. It offers electric mobility solutions through franchise outlets that provide sales, service, and customer consultation. The brand primarily serves businesses, fleet operators, and environmentally conscious consumers. It falls under the broader franchise category of sustainable transportation solutions.
The business concept focuses on providing technologically advanced, environmentally friendly vehicles that combine efficiency, safety, and local manufacturing expertise.
2. How the Business Works
Franchise outlets engage customers by showcasing electric vehicles, providing product demonstrations, and advising on fleet or individual purchases. Daily operations include managing showroom interactions, test drives, order processing, and coordinating service support. Revenue is generated through vehicle sales, installation of charging solutions, and after-sales services, supported by a structured service network and operational protocols.
3. Products or Services Offered
Franchise outlets offer:
| Electric Passenger Vehicles | Models designed for city and intercity travel, e.g., the Ultric Carino |
|---|---|
| Commercial Electric Vehicles | Vans, mini-trucks, and fleet solutions for goods and passenger transport |
| Charging Infrastructure Support | Guidance and sales of compatible charging solutions |
| After-Sales Service | Maintenance, parts replacement, and battery management services |
| Consultation Services | Fleet management advice, financing, and sustainability guidance |
Products focus on performance, safety, and eco-friendly operation.
4. How the Franchise Model Works
Franchise partners operate under the Ultric brand, delivering sales, service, and customer support for electric vehicles. Responsibilities include:
- Running a showroom and service center
- Conducting product demonstrations and test drives
- Coordinating orders and installations
- Providing after-sales support and maintenance
The franchisor provides training, technical support, marketing materials, and operational guidance to ensure standardization and customer satisfaction.
5. Franchise Cost and Investment Overview
| Estimated Investment | INR 5–10 Crore |
|---|---|
| Franchise Fee | Included within total investment; covers brand licensing and initial support |
| Setup Cost Components | Showroom construction, service bays, inventory procurement, staff recruitment, and marketing |
| Royalty / Recurring Fees | Typically covers ongoing operational support and brand services |
Investment covers full operational readiness of a franchise outlet including display and service capabilities.
6. Space and Infrastructure Requirements
| Space Requirement | 1,000–2,000 sq. ft. |
|---|---|
| Preferred Locations | Urban or semi-urban areas with high commercial and foot traffic, suitable for showrooms and service facilities |
| Infrastructure Needs | Showroom for vehicle display, service workshop, customer consultation area, storage for parts and inventory |
| Staffing Requirements | Sales consultants, service technicians, administrative personnel |
Space and facilities support both sales and after-sales services.
7. Training and Franchise Support
Franchisor support includes:
- Comprehensive training in EV technology and sales
- Guidance for showroom setup and service facility planning
- Marketing and promotional assistance
- Technical support for maintenance and service operations
- Ongoing operational guidance to ensure franchise success
These systems help franchise partners deliver consistent service and maintain brand standards.
8. Revenue Model and ROI Factors
Revenue is generated primarily through sales of electric passenger and commercial vehicles. Demand drivers include environmental regulations, fleet modernization, and growing interest in sustainable transportation. Additional revenue streams include service contracts, battery replacements, and charging solutions. Repeat business and fleet expansions contribute to ongoing revenue. Expected payback period is 1–2 years.
9. Brand History and Expansion
Ultric was established in 2021 as an indigenous electric vehicle manufacturer. Franchising began in 2024, targeting key Indian urban centers. The brand focuses on EV solutions for commercial and passenger markets, with plans for global expansion, including future commercial vehicle offerings and advanced EV technologies.
10. Key Advantages of the Franchise
- Access to a growing electric vehicle market in India
- Established indigenous brand with technological focus
- Comprehensive EV solutions including vehicles and after-sales services
- Structured operational support including training and marketing
- Low environmental footprint and sustainability-focused products
Franchise Investment Snapshot
| Field | Detail |
|---|---|
| Estimated Investment | INR 5–10 Crore |
| Franchise Fee | Included in total investment |
| Royalty Fee | Not specified; typically covers ongoing operational support |
| Space Requirement | 1,000–2,000 sq. ft. |
| Payback Period | 1–2 years |
| Number of Outlets | 1–10 |
11. Who Should Consider This Franchise
The franchise is suitable for:
- Entrepreneurs entering the automotive or electric vehicle sector
- Investors interested in sustainable transportation solutions
- Individuals with managerial and operational skills for showroom and service management
- Business owners seeking high-capital, growth-oriented opportunities in emerging markets
13. Similar Franchise Opportunities
- Mahindra Electric Vehicle Showroom Franchise
- OLA Electric Mobility Franchise
- Ather Energy Dealership Franchise
- Tata Electric Vehicle Franchise
- Hero Electric Showroom Franchise
These brands operate in the electric vehicle and sustainable mobility sector, offering comparable franchise models with showrooms, sales, and service networks.
Accepting franchise applications in 35 states & UTs
What investment is required for Ultric franchise?
Estimated investment ranges from INR 5–10 Crore, covering showroom setup, inventory, service facilities, and staffing. The franchise fee is included in this investment, with additional operational expenses dependent on outlet size and location.
How does the Ultric franchise operate?
Franchisees manage showrooms and service centers for electric vehicles, providing sales, demonstrations, test drives, and maintenance services. Operations follow franchisor guidelines to ensure consistent quality, customer support, and after-sales performance.
What space is required to start the franchise?
A minimum of 1,000–2,000 sq. ft. is required to accommodate vehicle display, service workshops, and customer consultation areas.
How long does it take to recover the investment?
The expected payback period is 1–2 years, depending on vehicle sales volume, service contracts, and effective operational management.
How can investors apply for the franchise?
Prospective franchisees submit an application including business plan and location proposal. Approval involves site evaluation, agreement execution, and completion of initial training and setup support before launching the franchise. ## 13. Similar Franchise Opportunities
