Bounce

The bounce rate is always higher by volume than value as lower ticket sizes generally tend to bounce more

Firm competes with electric two-wheeler makers such as SoftBank-backed Ola Electric, Ather Energy, Hero Electric, Bajaj's Chetak, TVS Motor Com­pany, and Boom Motors

With this partnership, Greaves Retail becomes the first company to have hopped on to the Bounce Infinity battery-swapping network

Vehicle will be offered with a unique 'Battery as a service' option--the first in Indian market; firm is setting up another plant in the south, has kept $100 million for EV biz over the next one year

The scooter with battery and charger is priced at Rs 68,999 (Delhi Ex-showroom)

The company also said that it is looking to set up another plant, in South India, considering the potential of the domestic market

To survive the Covid-induced downturn, bike-sharing start-up Bounce changed its strategy and jumped on the EV bandwagon

Bounce has crossed six million km on its electric scooters fleet, using a network of kirana owners, who have enabled over 150,000 battery swaps

The SoftBank-backed ride-hailing firm had seen a massive slump during the lockdown but is now seeing close to 100 per cent recovery in key cities

While Yulu is fulfilling 1,000 orders in a day, Bounce has tied up with over 13 start-ups to help them deliver essentials

This marks InnoVen Capital's third investment in Bounce, in a span of 18 months

It is now in Bengaluru and Hyderabad, besides six smaller cities, including Mangaluru and Vijayawada. It now aims to enter Maharashtra, Gujarat, Rajasthan and the NCR

The firm has won a competitive bid to provide its dockless scooter-sharing service at the railway stations in Karnataka making it the first such startups to win such a deal

Bounce has already crossed 100,000 rides per day in Bengaluru; this puts it at par with global players such as scooter-rental companies Lime and Bird

Start-up clocks 60,000 rides per day; this puts it at par with global players such as scooter-rental companies Lime and Bird

Raises $72 million in a series C financing round led by B Capital Group and Falcon Edge Capital; would use capital to expand its presence nationally and strengthen its technology.