Electric mobility platform Bijliride has reported an Annual Recurring Revenue (ARR) of Rs 45.6 crore, supported by monthly rental revenue of Rs 3.8 crore. The company, which focuses on electric vehicle rentals for last-mile logistics, also reported an operational EBITDA margin of 30%, highlighting its focus on sustainable business growth and profitability.
6,000+ EV Fleet Supports Last-Mile Logistics
Bijliride currently operates a fleet of over 6,000 electric vehicles deployed across the last-mile logistics segment. Its SaaS-powered rental platform caters to individual and enterprise customers, offering solutions such as:
- Electric two-wheeler rentals
- Battery swapping services
- On-road assistance and support
- Enterprise fleet management
The company aims to strengthen its position in the growing electric mobility and delivery ecosystem.
Franchise-Led Model Drives Business Expansion
The company currently operates 20 franchises, which collectively generate Rs 1 crore in monthly revenue for franchise partners.
Bijliride follows an asset-light, franchise-led expansion strategy, allowing regional operators to participate in its growth while limiting capital-intensive expansion.
Co-founder and CEO Shivam Sisodiya stated that the company’s strategy prioritises strong unit economics and operational profitability rather than growth driven primarily by cash expenditure.
Bijliride Targets Northern India Expansion
Founded in 2021, Bijliride plans to consolidate its presence across northern India, focusing on providing electric vehicles to delivery executives and last-mile logistics operators.
The company has also outlined an ambitious target of reaching one million users by 2030.
With Rs 45.6 crore in ARR, a fleet exceeding 6,000 EVs and a growing franchise network, Bijliride is positioning itself to capture opportunities in India’s expanding electric vehicle rental and last-mile delivery market.
