Many people have an interest in starting a business someday in their life. However, a majority of them are never able to convert it into a reality. The common reason why people hesitate to initiate a business is the lack of finance for making a business investment. Even if they can arrange finance, they still hesitate, as they do not find a potential business model with quick and regular returns for their investments.
However, there are business models that do not require massive capital investments and have the efficiency to generate regular returns for the investment. One of such ideas is to buy an e- rickshaw or electric- rickshaw. E- Rickshaw manufactured by electric vehicle companies is an ideal option to make a business investment.
These vehicles come with superior advantages to make them a perfect low-cost business investment that can provide timely returns. The low purchase cost is accompanied by the low cost of operations. Additionally, they have low maintenance and repair costs, as the electric rickshaw battery does not need regular replacements. These vehicles can generate a regular inflow of cash from day one of commencement. There are many advantages to purchasing an e-rickshaw such as:
Low purchase cost – The purchase cost of E-rickshaw is very less as compared to other vehicles running on fossil fuels.
Low maintenance cost- There is low maintenance or repair cost for operating these e-vehicles.
Low running cost- The operating cost of these vehicles is as low as 40 paise per km providing scope for high-profit margin.
A regular inflow of income- These vehicles will generate revenue from the day of their commencement as transportation vehicles.
Timely return of investment- A regular flow of income will cover the investment made on their procurement in a relatively short time.
Availability of loan facility- There is an availability of loan options to procure e-vehicles.
Potential chance of business growth- There is an excellent chance to expand the business operation owing to the regular inflow of profits.