Policy

Revenue Sharing Policy

How collections are computed, what is deducted, how payouts are timed and how statements are published.

This document is a draft template prepared for internal review. It must be examined, adapted and executed under the guidance of a qualified advocate practising in India, and stamped as required under the applicable State Stamp Act before it becomes binding.

1. Basis of computation

1.1Revenue means rentals actually collected and cleared in the reporting month. Billed-but-uncollected amounts are excluded.
1.2Deductions are limited to the line items disclosed in the monthly statement: charging, maintenance, insurance, GPS, loan EMI, management fee and applicable taxes.
1.3No return is guaranteed. Earnings vary with utilisation, driver performance and operating costs.

2. Statement and payout

2.1A downloadable statement per vehicle is published in the partner portal within 7 working days of month end.
2.2The statement carries vehicle details, registration number, driver name, rental days, revenue, each cost head, net profit, partner payout, utilisation, downtime, cumulative ROI and carbon saved.
2.3Payouts are remitted by the 10th working day to the registered bank account. Disputes must be raised within 15 days of statement publication.

3. General

3.1Governing law: the laws of India. Courts at Bengaluru, Karnataka shall have exclusive jurisdiction, subject to the Dispute Resolution Policy.
3.2Notices shall be delivered by email to the addresses recorded in the Registration Form and by registered post for termination or settlement notices.
3.3No provision of this document creates an employment, partnership or agency relationship beyond what is expressly stated.
3.4If any clause is held unenforceable, the remainder survives unaffected.
3.5This document, together with the Registration Form and annexed schedules, constitutes the entire understanding between the parties.