Disclosure

Risk Disclosure

Plain-language disclosure of the commercial, operational and regulatory risks a partner accepts.

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. Commercial risk

1.1No return is guaranteed. Earnings depend on actual collections, which can fall to zero in a month.
1.2Utilisation may drop due to driver churn, seasonality, demand shifts or vehicle downtime.
1.3Resale value of a retrofitted vehicle is not benchmarked and may be lower than expected.

2. Operational risk

2.1Battery degradation, motor failure and accident damage can materially reduce net income.
2.2Driver default, misuse or absconding can cause collection loss and recovery cost.
2.3Charging or swap infrastructure disruption reduces earning hours.

3. Regulatory and financing risk

3.1Retrofit certification, RTO re-registration and permit rules may change and delay deployment.
3.2Subsidy or government scheme benefits may be withdrawn or altered.
3.3Loan interest rates, insurance premiums and financier appetite for retrofit assets may move adversely.
3.4The partner confirms having read and understood this disclosure before signing any agreement.

4. General

4.1Governing law: the laws of India. Courts at Bengaluru, Karnataka shall have exclusive jurisdiction, subject to the Dispute Resolution Policy.
4.2Notices shall be delivered by email to the addresses recorded in the Registration Form and by registered post for termination or settlement notices.
4.3No provision of this document creates an employment, partnership or agency relationship beyond what is expressly stated.
4.4If any clause is held unenforceable, the remainder survives unaffected.
4.5This document, together with the Registration Form and annexed schedules, constitutes the entire understanding between the parties.