Bounce raises fresh funding to fuel electric vehicle integration, expansion

Bounce, a motorcycle and scooter sharing start-up, has raised a fresh $6.5 million funding from existing investor InnoVen Capital, Asia’s leading venture debt provider. This marks InnoVen Capital’s third investment in Bounce, in a span of 18 months, taking the total debt investment to $12 million, exclusively from the firm. Bounce said the new financing would fuel a deeper electric vehicle (EV) integration, multi-city expansion, platform play and help accelerate profitability. The new funding round comes after the company recently raised $105 million (Rs 750 crore) and the firm revealed plans to expand in this country and also get into