Bounce Infinity, the pioneering electric scooter manufacturer from India, has announced a substantial funding round, successfully raising a remarkable $40 million. This infusion of capital underscores the company’s transformative vision: to empower commuters across the nation with unparalleled accessibility and efficiency. Bounce Infinity is celebrated not only for being the first locally manufactured electric scooter equipped with removable batteries but also for introducing the innovative Battery as a Service (BaaS) model. This model allows users to conveniently swap drained batteries for fully charged ones at any of its expansive network of over 110 swap stations in Bengaluru alone. Since its inception in 2021, the scooter has rapidly penetrated the Indian market, embodied by its core ethos of making sustainable mobility a reality for everyday commuters.
The fresh capital will be directed toward expanding Bounce Infinity's swap station network, enhancing its customer service capabilities, and advancing research and development initiatives aimed at fostering continued innovation in the electric vehicle space. As part of Bounce, India’s first smart mobility ride-sharing solution, the company is committed to revolutionizing the commuting experience, hastening its growth trajectory that already sees over 100,000 rides daily with a robust fleet of 30,000 scooters. The accolades speak volumes—featured in the India Book of Records for the longest electric two-wheeler expedition, recognized as one of the “Most Promising Brands of 2022,” and lauded by numerous organizations. As Bounce Infinity continues to break barriers, it remains devoted to its mission: liberating Indian commuters from the constraints of high fuel costs and maintenance, and bringing the power of infinite mobility to the masses.
