Electric mobility platform Bijliride has achieved an Annual Recurring Revenue (ARR) of INR 45.6 crore, supported by monthly rental revenue of INR 3.8 crore. The company has also reported a 30% EBITDA margin across its operations, reflecting its focus on operational efficiency and sustainable business growth.
The company has attributed its financial performance to its franchise-based business model, which supports expansion into new markets through partnerships with local entrepreneurs. Bijliride currently operates 20 fully operational franchises across its network. These franchise partners collectively generate approximately INR 1 crore in monthly revenue, offering local business owners opportunities to participate in the electric mobility sector.
Bijliride’s franchise-led approach allows the company to expand its geographical presence without depending entirely on an asset-heavy operational structure. Through partnerships with regional operators, the company aims to improve market penetration, strengthen local operations and develop a sustainable business ecosystem around electric vehicle-based mobility services.
Commenting on the milestone, Shivam Sisodiya, Co-Founder and CEO of Bijliride, said that the company prioritises unit economics over aggressive cash spending. He stated that achieving INR 45.6 crore in ARR while maintaining a 30% EBITDA margin demonstrates the strength of its operational framework. He also highlighted that revenue generated by franchise partners reflects the company’s focus on creating business opportunities and supporting local entrepreneurs.
Alongside its financial growth, Bijliride has expanded its electric vehicle deployment for last-mile logistics operations. The company currently manages an active fleet of more than 6,000 electric vehicles dedicated to this sector. These vehicles support delivery and logistics activities while contributing to the adoption of zero-emission mobility solutions.
With its growing fleet, expanding franchise network and established revenue base, Bijliride is looking to strengthen its presence in Northern India. The company plans to focus on improving operational reliability and supporting better daily earnings for delivery executives through accessible electric mobility solutions. Its latest performance highlights the role of franchise-based business models in India’s commercial electric vehicle ecosystem.
