How to Start EV Charging Stations Business in India in 2022 - Investocker

EV Charging Stations Business: Petrol and diesel prices are increasing day by day. Today its price has reached more than ₹ 100 per liter. Due to this people are buying more electric vehicles. If we talk about the year 2021, then there were more than 3 lakh electric vehicle sales.

But everything has some limitations. And similarly, there is a limitation on Electric Vehicles in India too. And that limitation is the Electric Vehicle Charging Stations. Let me understand you by giving an example.

Example

A friend of mine bought the Best Sporty Look Electric Car. And the features of that Electric Car were also amazing. I praised that EV Car, saying, “This Electric Car looks great”. So he replied saying, “This EV Car is good, but it has a limitation, I can’t drive it for long-distance, because there are not many Electric Vehicle Charging Stations available in India”. 

Example

So I thought, this can become a New Business in India. So why not tell people about this New Business of Electric Vehicle Charging Stations? So that it will be easy for them to Start a New Business. So, for this reason, today I have brought a New Business Idea, which is the “Electric Vehicle Charging Stations Business in India”. 

What We’re Going to Know from this Post?

In this post, we will know what are the basic requirements to Start an Electric Vehicle Charging Stations Business? Which location should it be? How many Types of Charging Stations will be required? Where can I get the Franchise for Electric Vehicle Charging Stations? What are the government rules for Start Electric Vehicle Charging Stations Business in India?

How much Investment will be required for the EV Charging Stations Business in India? And how much profit will there be in the Electric Vehicle Charging Stations Business? And after doing all this, how can you do Marketing of EV Charging Stations Business? 

Basic Requirements to Start an EV Charging Station Business in India 

First of all, What is the basic requirement for an Electric Vehicle Charging Stations Business? All you need for this business is some space, a good location, and a charging station. It does not require any minimum area. This means that you can start this business in any area. 

Best Location for EV Charging Stations Business

If we talk about the location, then you can put the charging station in the parking lot of a movie theater, corporate office, or in the parking lot of the mall, near a crowded place, so that people can use it as much as possible. 

And you can partner with any housing society to install it in the parking lot. For this, you will need a civil structure, entry, exit point, and proper parking space.

Chargers Required for the Electric Vehicle Charging Stations Business 

Now know which charger will be needed for the EV Charging Stations Business in India? The EV charging station will require three fast charger units and two slow charger units. 

There are three types of fast chargers, CCS 50 kW, Chademo 50 kW, and type AC charger 22 kW. Apart from this, you need two slow chargers. And that’s two slow chargers, Bharat DC 001, and Bharat AC 001, both of a minimum of 10 kW. And every EV Charging Station should have a transformer, and proper Civil Work.

 How to Start an EV Charging Stations Business in India?

Now the question in your mind would be How to Start an EV Charging Stations Business? For this, you will have to take a Franchise. Talking about India, there are many other companies like Tata Power, Charge + Zone, which give you the installation of the Electric Vehicle Charging Stations. 

EV Charging Stations Business in India
EV Charging Stations Business in India

Then I will tell you what will come in the setup, and how much it will cost. For Franchise, you have to apply on the company’s portal. And after that, the company will check all your documents and set up the Electric Vehicle Charging Stations. Also Read: Top 3 Best Toy Manufacturing Business Idea for Villagers

Government License & Rules to Start the EV Charging Stations Business in India

The best thing about this EV Business is that no Government License is required to start a business. But still, let me tell you the basic Government Rules to start the EV Charging Stations Business in India. 

First of all, you need to get EV Charging Station clearance from “DiSCOM“, which is required to operate it. “DiSCOM”, checks whether all your equipment is working perfectly or not? And is the safety rating correct or not? For this, “DiSCOM” sends an Electric Representative or Inspector to you to check everything.

Another Government Rule for EV Charging Stations Business is that your EV Charging Stations should be at least three kilometers away from other EV Charging Stations. Also Read: Bank Jobs vs IT Jobs, Which is Better, Full Comparison 2022

Investment in EV Charging Stations Business 

Now, we know How much Investment is required to start an Electric Vehicle Charging Station Business? As I told you that many such companies in India provide Electric Vehicle Charging Stations setup. 

So to start this business, you will have to invest around 40 to 50 lakhs in the Franchise. An EV Charging Station must have three fast chargers and two slow chargers. For this CCS 50 KW, you have to pay around 15 lakh rupees, which is a DC charger. Chademo 50 kW, this one will also cost you 15 lakhs, and it is also a DC charger. 

The third charger is a Type 2 AC charger, with a minimum of 22 kW, which you will get for 1.5 lakh rupees. And the next two chargers that fall in the medium and slow category are Bharat DC 001, 15 kW, which you will get for about 2.5 lakh rupees. And Bharat AC 001, 10 kW, which you will get for 70 thousand rupees. 

After this, you will have to get an Electric Connection and a separate Transformer for the Charging Stations, which costs around Rs 7 lakh. And I told you that you will need basic civil work. And its cost will be around 3 lakh rupees. 

Profit in an EV Charging Station Business in India 

You knew about the Investment in an EV Charging Stations Business, and now know How much is the Profit in it? Your profit margin will depend on how many EV Charging Stations you get installed. 

About Rs 2 to 3 per electric unit is available in profit margin. If we calculate according to this, then you will generate revenue of about 15 to 20 lakhs in a year. As electric vehicles increase, so will your revenue. Also Read: Top 5 Best Jobs Based on Communication Skills

How to do Marketing for Electric Vehicle Charging Stations in India?

In the end, we will see How you can do Marketing well for this Business? So for this, you can market your Electric Vehicle Charging Stations Business through an Application or Website. 

Apart from this, you can open your food store or grocery store near the Charging Stations. So that people coming to EV Charging Stations can buy something from your Food Store or Grocery Store. And with the help of that, you can grow both your store and Electric Vehicle Charging Stations Business. 

Apart from this, you can install a small category charger in your residential society for the future, and promote your other big charger. With the help of this, you can spread awareness about your EV Charging Stations Business to more people. This is a new business, because of this, you will get less marketing cost in it. 

How did you like this business idea, do let us know in the comments. And if you have any business ideas in your mind too, then write to us in the comment. And share with your friends. (EV Charging Stations Business)