Battery swapping picks up after govt’s Budget announcement

The government’s Budget announcement on battery swapping has encouraged many electric vehicle start-ups to expand their battery stations network and offer swappable batteries in their EVs apart from fixed batteries. Swappable batteries are suitable for two-wheeler or three-wheelers.

Bounce, a start-up based in Bangalore, makes electric two-wheelers and is also in the shared mobility business with dockless bikes. It will soon offer their existing swapping network they have installed for their mobility business to other equipment makers, CFO and co-founder of Bounce Anil Girirajan told The Telegraph.