Bounce plans to raise $200 mn to scale up its electric vehicle business

Bengaluru-based firm's vision is to make EV mainstream in India and sell at least 2 mn scooters on an annual basis in next few years

Bounce, the Bengaluru-based smart mobility solutions company which unveiling its first consumer electric scooter — Bounce Infinity E1, has plans to raise funding of around $200 million to scale up operations of its electric vehicle (EV) business.

The Bounce Infinity E1 is being offered with a unique ‘battery as a service’ option — the first-of-its-kind in the Indian market. 

“Fortunately, we are well-funded. We have the backing of our investors. We are also talking to new investors. But our vision is to make EV mainstream in India,” said Vivekananda Hallekere, chief executive officer and co-founder, Bounce. “This business will need at least