Top 10 EV Charging Station Franchise in India: Investment, Cost and Benefits

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by H. Karan Kumar

11 Dec 2023

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The rise of EV Charging Stations in India is a significant move towards eco-friendly travel. These stations are places where electric cars recharge, ensuring they are ready to go. With more people using EVs, starting charging stations is a good business opportunity. It makes financial sense with smart plans and low costs and helps the environment, making the business look good. This article looks into the growing world of EV charging stations in India, exploring important players, things entrepreneurs need to think about, and the chance to run a franchise, all pointing towards a future that cares for our planet.

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List of Top 10 EV Charging Station Franchise Cost and Price in India 2024

Franchise Name	Founded In	Franchise Since	Investment	Franchise Fee	Space Requirment
Tata power	1911	N/A	₹30-40 Lakhs	₹2.5 Lakhs
Charzer	2020	2020	₹5-6 Lakhs	No Fee
Delta Electronics India	2016	2018	₹5-10 Lakhs	₹50,000-1 Lakhs	800-1000 Sq. Ft.
Fortum India	2012	2015	₹8-10 Lakhs	₹2-3 Lakhs	300-600 Sq. Ft.
Charz Up	2022	2022	₹10-15 Lakhs	₹2-5 Lakhs	250-500 Sq. Ft.
Mass Tech	1993	2014	₹8-15 Lakhs	₹2-5 Lakhs	300-600 Sq. Ft.
Exicom	1994	N/A	₹10-15 Lakhs	₹2-3 Lakhs	300-500 Sq. Ft.
Okaya	1998	N/A	₹15-20 Lakhs	₹2-4 Lakhs	300-600 Sq. Ft.
ABB India	1998	N/A	₹8-15 Lakhs	₹2-4 Lakhs	300-600 Sq. Ft.
Alpha EV	2020	2020	₹10-15 Lakhs	₹1-2 Lakhs	400-500 Sq. Ft.

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What is an (Electric Vehicle) EV Charging Station?

An Electric Vehicle Charging Station is designated where electric vehicles can recharge their batteries. It provides the necessary electrical power to charge the vehicle, ensuring it is ready for use. These stations come in various types, such as fast chargers or slow chargers, and play an important role in supporting the growing use of electric vehicles for eco-friendly and sustainable transportation.

Top 10 EV Charging Station Providers in India

Given below are the Electric Vehicle Charging station Providers and Franchise in India

1. Tata Power Franchise

Tata Power is a well-known company in India’s vehicle industry, operating since 1911. They’re prominent for manufacturing electric vehicle charging stations. With over 1,000 charging points in 180 cities, including Delhi, Hyderabad, and Mumbai, Tata’s EV network spans 15+ states. The franchise requires an investment of ₹5-20 Lakhs and a space of 250-500 Sq. Ft.

PROS:

Established Reputation: Tata Power is a well-known and reputable company in the Indian vehicle manufacturing industry, founded in 1911.
Extensive Network: With over 1,000 charging points in 180 cities and coverage in 15+ states, Tata’s EV charging network is widespread, serving major cities like Delhi, Hyderabad, and Mumbai.
Smart Charging: Tata Power offers Smart Charging through its mobile app, which is compatible with various EV makes and models.

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2. Charzer Franchise

Charzer, a Bangalore startup, focuses on affordable 3.3 kV portable Kirana chargers for small businesses, malls, and more. Founded in 2020, Charzer offers a franchise without a fee, requiring an investment of ₹5-6 Lakhs. The franchise concept allows owners to earn extra income when users plug in the charger.

PROS:

Affordable Solution: Charzer offers portable Kirana chargers at an affordable price, catering to small shops, restaurants, malls, and societies.
Earning Potential: Franchise owners can earn extra income when users plug in the charger, providing a potential revenue stream.

3. Delta Electronics India Franchise

Delta is a leading EV charging provider in India since 2018, offering DC Quick Chargers and AC EV Chargers. With an investment of ₹5-10 Lakhs and a space requirement of 800-1000 Sq. Ft., Delta provides a versatile charging solution along with a Site Management System.

PROS:

Sales Leadership: Delta is recognized as India’s top EV charging provider in terms of sales.
Versatile Offerings: Delta provides a wide range of charging equipment, including DC Quick Chargers and AC EV Chargers, along with a Site Management System.

4. Fortum India Franchise

Fortum, a Finnish clean energy company, operates in over 40 countries and is expanding its EV infrastructure in India. Established in 2012, Fortum India requires an investment of ₹8-10 Lakhs for its franchise, covering a space of 300-600 Sq. Ft.

PROS:

Global Presence: Fortum, a Finnish clean energy company, operates in over 40 countries.
Public Charging Points: Fortum India owns over 70 public charging points across 40 locations in India.

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5. Charz UP Franchise

Charz UP, a 2022 startup, focuses on creating a sustainable EV charging network powered by 100% green energy. The franchise, requires an investment of ₹10-15 Lakhs and a space of 250-500 Sq. Ft, aims to make electric transport more affordable in India.

PROS:

Green Energy Focus: Charz UP emphasizes a charging network powered by 100% original green energy.
Innovative Technology: The franchise aims to create a functional and sustainable charging network using innovative technology.

6. Mass Tech Franchise

Founded in 1993, Mass-Tech is a leading manufacturer of industrial battery chargers and control panels. Since 2014, they’ve ventured into EV charging stations, collaborating with major OEMs like TATA Motors. The franchise requires an investment of ₹8-15 Lakhs and a space of 300-600 Sq. Ft.

PROS:

Diversified Products: Mass-Tech manufactures a range of industrial battery chargers and control panels, including EV charging stations.
OEM Collaboration: Mass-Tech collaborates with major EV manufacturers like TATA Motors, Mahindra, Volvo, and KPIT.

7. Exicom Franchise

Exicom specialises in EV charging solutions for public and home use. Founded in 1994, they provide multi-standard fast DC chargers supporting various standards. The franchise, with an investment of ₹10-15 Lakhs and a space requirement of 300-500 Sq. Ft. aligns with India’s goal of becoming an electric vehicle nation by 2030.

PROS:

Comprehensive Charging Solutions: Exicom provides charging stations for various vehicles and supports both public and home charging.
Advanced Technology: The Harmony multi-standard fast DC charger supports multiple charging standards.

8. Okaya Franchise

Okaya offers a complete range of EV solutions, including chargers, swapping, and charging stations. Okaya’s franchise requires an investment of ₹15-20 Lakhs and a space of 300-600 Sq without revealing the franchising year. Ft.

PROS:

Complete EV Solutions: Okaya offers EV chargers, swapping stations, and EV charging stations.
International Standards: Okaya EV Chargers comply with internationally accepted standards.

9. ABB India Franchise

Global leader ABB, with over 14,000 DC fast chargers in 80 countries, collaborates with EV Motors India. The franchise, with an investment of ₹8-15 Lakhs and a space of 300-600 Sq. Ft., focuses on providing connected services for efficient charging solutions.

PROS:

Global Leadership: ABB is a global leader in electric mobility with over 14,000 DC fast chargers installed in 80 countries.
Connected Services: ABB chargers come with connected services for efficient management.

10.1C EV Charging

Being a new-age startup 1C EV charging is bringing innovative EV charging ideas to life. While addressing the biggest issues with the charging stations like easy charging station accessibility, and common QR codes for EV charging, 1C is partnering with other giants like, IOCL.

PROS:

Quality met affordability: 1C EV charging is dedicated to providing affordable EV charging solutions but it never compromises on the quality.
Wide range of Products: Along with a diverse range of rated power EV chargers, 1C EV charging provides software support, mobile charging, and much more.
Easy to be profitable: 1Charging has a user-friendly business model which makes it easy to be profitable.

11. Alpha EV Franchise

Based in Pune, Alpha EV, established in 2020, concentrates on producing EV charging stations. The franchise requires an investment of ₹10-15 Lakhs and a space of 400-500 Sq. Ft., emphasizes the simplicity of life through widespread AC chargers across India.

5. Charz UP Franchise

PROS:

Green Energy Focus: Charz UP emphasizes a charging network powered by 100% original green energy.
Innovative Technology: The franchise aims to create a functional and sustainable charging network using innovative technology.

6. Mass Tech Franchise

PROS:

Diversified Products: Mass-Tech manufactures a range of industrial battery chargers and control panels, including EV charging stations.
OEM Collaboration: Mass-Tech collaborates with major EV manufacturers like TATA Motors, Mahindra, Volvo, and KPIT.

7. Exicom Franchise

PROS:

Comprehensive Charging Solutions: Exicom provides charging stations for various vehicles and supports both public and home charging.
Advanced Technology: The Harmony multi-standard fast DC charger supports multiple charging standards.

8. Okaya Franchise

PROS:

Complete EV Solutions: Okaya offers EV chargers, swapping stations, and EV charging stations.
International Standards: Okaya EV Chargers comply with internationally accepted standards.

9. ABB India Franchise

PROS:

Global Leadership: ABB is a global leader in electric mobility with over 14,000 DC fast chargers installed in 80 countries.
Connected Services: ABB chargers come with connected services for efficient management.

10.1C EV Charging

PROS:

Quality met affordability: 1C EV charging is dedicated to providing affordable EV charging solutions but it never compromises on the quality.
Wide range of Products: Along with a diverse range of rated power EV chargers, 1C EV charging provides software support, mobile charging, and much more.
Easy to be profitable: 1Charging has a user-friendly business model which makes it easy to be profitable.

11. Alpha EV Franchise

PROS:

Experienced Team: Alpha EV has a management team with over 35 years of experience in the industry.
AC Chargers Range: Alpha EV focuses on AC chargers with a wide range for various locations in India.

>PROS:

Experienced Team: Alpha EV has a management team with over 35 years of experience in the industry.
AC Chargers Range: Alpha EV focuses on AC chargers with a wide range for various locations in India.

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EV Charging Station Business Opportunity?

Running an EV charging station business is a wise investment due to the growing demand for electric vehicles (EVs). In 2019, there were already 7.2 million EVs on the road, and experts predict a substantial increase to over 125 million by 2030. This surge underscores the necessity for readily available charging infrastructure.

The financial soundness of EV charging stations is evident through effective money-making strategies. Charging customers based on sessions and offering monthly memberships ensure consistent income, while turning these stations into advertising spaces adds to their profitability. The potential for profit is noteworthy, especially with the projected $14.7 billion global market for EV charging by 2027.

Low operational costs further boost the attractiveness of this business. Charging stations primarily rely on electricity, a more cost-effective option compared to traditional fuels. Strategically placing stations in busy locations like shopping malls and highways guarantees a steady flow of customers, maximizing profitability.

Beyond financial gains, supporting EVs demonstrates a commitment to environmental responsibility, elevating a business’s goodwill and brand image. Governments worldwide are actively investing in EV infrastructure, providing incentives that make entering this market even more appealing. Considering these factors, establishing an EV charging station business offers a promising and sustainable opportunity for entrepreneurs.

Infrastructure Requirements for setting up EV Charging Station in India

Setting up an electric vehicle (EV) charging station requires meeting specific infrastructure needs:

Safety and Efficiency Equipment: Install gear like substation tools, transformers, and safety devices to make sure the charging station works safely and efficiently.
Powerful Electrical Setup: Put in 33/11 KV cables and related gear for meters and lines. This makes sure the electrical system is strong and dependable.
Safe Parking Area: Create a safe parking spot where customers can park their cars securely while charging.
Different Charger Models: Set up chargers that meet both global and local standards. These include rapid chargers, fast chargers, and slow chargers. Each type of charger has different abilities to charge vehicles.
Security Measures: Use enough safety measures to protect the charging area. This ensures a safe place while vehicles are getting charged.

Set up Considerations of EV Charging Station in India

To establish an EV charging station in India, follow these steps:

I. Choose Electric Vehicle (EV) Charger Type:

When setting up an EV charging station, decide on the type of charger you want to offer—fast, rapid, or slow. The choice depends on the station’s location. For instance, fast chargers near highway restaurants suit users who prefer a quick recharge during journeys, while overnight charging at hotels caters to those staying overnight.

II. Understand EV User Needs:

Consider the needs of EV users in the location. Tailor the charger mix accordingly to meet the preferences of users in that area. This ensures your charging station aligns with the demands of the local EV community.

III. Check Government Policies for EV Charging Stations:

Examine the EV charging policies of the state</a > where you plan to set up the station. Some states offer favorable policies, such as subsidized electricity rates for charging stations. Understanding and complying with these policies ensures uninterrupted, reliable, and cost-effective power for EV users.

IV. Choose the Right Partner That Offers EV Charging Station Franchise:

Select a reliable partner who not only installs the charging station but also promotes it effectively. A good partner ensures visibility among EV users, operates and maintains the station efficiently throughout its lifespan, contributing to the station’s success.