Capital back in 20 months. Then 16 more on an asset you own.
Fleet Partners fund the vehicles. FiEV runs them. You receive a fixed monthly lease rental for 36 months, and the vehicle stays yours throughout.
You own the asset.
We keep it earning.
FiEV doesn’t buy vehicles — Fleet Partners do, and lease them to us. You hold the ownership and receive a fixed monthly lease rental. We handle riders, collections, maintenance and everything in between.
- 1You purchase EVs at ₹50,000 each, minimum 5 vehicles
- 2You lease them to FiEV under a 36-month agreement
- 3We deploy them to verified delivery riders and run the operation
- 4You receive ₹2,500 per vehicle, every month
- 5At end of term: retain the EV, or transfer it back for residual value
FiEV owns no vehicles. That is deliberate — capital stays with the people best placed to hold an asset, and we stay focused on utilisation, collections and operations.
Terms: ₹50,000 per EV · minimum 5 EVs · ₹2,500 per EV per month · 36-month lease · ₹7,500 estimated residual per EV. Residual applies only if you choose to transfer vehicles back to FiEV at end of term; you may instead retain them. Illustrative figures, subject to the signed lease agreement. Not an offer of securities or a guarantee of returns.
Get a detailed projectionClear division of responsibility.
Written into the agreement, so there is nothing to argue about later.
A commercial fleet asset, not a financial product.
The return isn’t financial engineering. A delivery scooter working six days a week at 85% utilisation generates around ₹5,610 a month in subscription revenue. Your lease rental is a share of that operating income — which is also why it depends on us actually keeping the vehicles on the road.
You hold the asset
Ownership stays in your name for the full term. You are leasing a vehicle you own, not lending money to a company.
Paid from operations
Lease rentals come out of rider subscription revenue collected in advance by UPI AutoPay, not from new partner capital.
You choose the exit
At 36 months, retain the vehicle or transfer it back for residual value. The decision is yours, not ours.
You are buying a vehicle, not a promise.
- 01
A real machine, on a real floor
Your capital buys a specific electric scooter, not a unit in a pool.
- 02
Registered in your name
Title sits with you from the day it is bought until the day you decide otherwise.
- 03
Deployed to a verified rider
We onboard the rider, run the KYC and put the vehicle to work.
- 04
Still yours at month 36
Keep it, or hand it back for residual value. That call is yours.
From first contact to a live partnership.
No pressure, no rush. Most partners take a few weeks between the first call and signing.
Submit your interest
Tell us how many vehicles you’re considering — through the form, or straight over WhatsApp.
Discovery call
We schedule a call within 3 working days to walk through the model, the numbers and your questions.
Agreement & purchase
You review the lease agreement, take independent advice, and purchase the vehicles once you’re satisfied.
Deployment & payouts
Vehicles go to verified riders. Monthly lease rental starts, with performance reporting throughout the term.
The things partners actually ask.
You do. Fleet Partners purchase and retain ownership of the EVs throughout the agreement. FiEV leases them from you and operates them — we deliberately hold no vehicles on our own balance sheet.
From subscription revenue. Each vehicle is targeted at 85% utilisation, generating roughly ₹5,610 per month in effective subscription income. Your lease rental is paid out of that operating revenue, not out of new partner capital.
Two options. You can retain the vehicle and keep ownership outright, or transfer it back to FiEV in exchange for its residual value, estimated at ₹7,500 per EV.
As the asset owner, the Fleet Partner is responsible for insurance, statutory compliance and major repairs or asset replacement. FiEV handles day-to-day operations, rider management, routine maintenance coordination and collections.
This is a commercial lease of a depreciating asset, not a deposit or a security. Returns depend on FiEV's ability to keep vehicles utilised and collections disciplined. Fleet utilisation below target, rider payment defaults, vehicle damage, theft, regulatory change and slower-than-expected market growth can all affect performance.
Please read the lease agreement in full and take independent financial and legal advice before participating.
Yes — five vehicles, which is ₹2,50,000 at ₹50,000 per EV.
Yes. A combined Fleet plus Franchise option exists for partners who want both asset ownership and local operational control. See the Franchise page or ask us.
Want a projection for your numbers?
Tell us how many vehicles you’re considering and we’ll send a detailed breakdown.