/ -- Bounce, India's first and fastest growing dockless bike sharing player, has reached a significant milestone of 60,000 rides per day in Bengaluru. Within 10 months of inception, the brand has done over 5 million rides, covering 30 million kilometres. This makes Bounce one of the fastest growing shared mobility start-ups in the world, scaling on par with global players such as Lime (1MN in 5 months across 2 states in U.S.) and Bird (10 MN in one year across 100+ cities).
According to the Transport Department, Bengaluru is home to over 76 lakh private vehicles, as per a late 2018 report. With the introduction of last mile bike sharing, the usage of public transportation has seen a steady increase. This 60k milestone was achieved with around 7,000 dockless scooters covering an average distance of 7-8 kms per ride. Bounce also remains one of the most affordable modes of commute offering users rides at 5 Rupees per km.
Bounce's achievement stands testament to its commitment to democratise mobility through technology. Over the last few months, Bounce has not only grown phenomenally, it has also made a meaningful impact to the city of Bengaluru:
Bounce has been empowering women, who constitute more than 25% of its users. About 8% of these rides are homemakers using Bounce scooters for their day-to-day activities
Bounce is reducing congestion as each Bounce bike approximately removes 6.5 bikes from the roads. This reduces not only the number of vehicles on the roads, but also the carriage space for seamless commuting
Commenting on the achievement, Vivekananda H.R., CEO and Co-Founder, Bounce, said, "We are absolutely stoked by this milestone. This feat would not have been possible without the contribution of each and every member of the Bounce community, both employees and users alike. We are steadily on our way to democratising mobility in India and making Bengaluru a public transport society."
About Bounce: