Self-drive Bike Rental Company Bounce To Enter E2W Segment, Plans To Launch First Product In December

Mobility Outlook Bureau
22 Nov 2021
10:36 AM
1 Min Read

The company plans to invest US $100 million in the EV business over the next one year.


Self-drive bike rental company, Bounce is planning to launch its own electric scooter. Named as Bounce Infinity, the vehicle will be launched on December 2, 021. Bookings for purchase begin the same day, and deliveries are slated for early next year. This advanced ‘Made in India’ scooter can be booked at a nominal amount of INR 499. The company will also introduce ‘Battery as a service’ option – the first of its kind in the Indian market, where customers will also have an option to purchase Bounce Infinity at an affordable price without the battery; they can use Bounce’s extensive battery-swapping network to be on the move, the company said in a press release. Customers will only have to pay for the battery swaps whenever they exchange an empty battery with a fully-charged one from Bounce’s swapping network. At the same time, customers can also have the option to purchase this smart electric scooter along with the battery pack.  Bounce had acquired a 100% stake in 22Motors in a deal valued at about $7 million in 2021. As part of the deal with 22Motors, Bounce acquired its manufacturing plant at Bhiwadi, Rajasthan and intellectual property. The plant can manufacture 180,000 scooters per year. Considering the potential of the Indian market, the company is planning to set up another plant in southern India.  

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