Bounce eyes $100mn investment in e-scooter mfg, battery swapping infra

Electric scooter rental startup Bounce is making investment of about USD 100 million (around Rs 742 crore) over the next 12 months across manufacturing of e-scooters and expanding the battery swapping infrastructure, its co-founder and CEO Vivekananda Hallekere said.

Speaking to PTI, Hallekere said the company will unveil its first e-scooter towards the end of the month and deliveries will start by February next year.

“We want to make EV mainstream…when we’re talking about transition to EVs, we want to make sure millions of vehicles can actually practically look at it and not worry about charging infra, range or battery related issues….We will have two variants and by November-end, we will start pre-booking and deliveries will start February-end,” he said.