India's first smart mobility solution company, is all set to launch its first
electric scooter – the Bounce Infinity. Pre-bookings for the Bounce Infinity
will begin soon, with deliveries expected to start by January 2022.
Bounce Infinity boasts a smart, removable Li-ion battery, which customers can
take out and charge as per their convenience and requirement. Moreover, with
the Infinity, Bounce is offering a unique ‘Battery as a service’ option – the
first of its kind in the Indian market. Here, customers have the option to
purchase the Bounce Infinity at a highly affordable price without the battery
and use Bounce’s battery swapping network instead. Customers pay for the
battery swaps, whenever they exchange an empty battery with a fully-charged one
from Bounce’s swapping network. This pushes the running costs of the scooter
down substantially, by as much as 40 per cent compared to conventional
batteries can account for anywhere between 40 and 50 per cent of an electric
scooter’s cost, removing the price of the battery makes the acquisition of an
electric scooter easy on customer pockets. This will drive faster adoption of
electric scooters in the Indian market. In parallel, Bounce is rapidly building
a wide battery-swapping network, which will serve both its retail customers and
its successful ride-sharing business.
had acquired a 100 per cent stake in 22Motors in a deal valued at about US$7
million in 2021. As part of the deal with 22Motors, Bounce acquired its
manufacturing plant at Bhiwadi, Rajasthan and intellectual property. The
state-of-the-art plant has a capacity to manufacture 180,000 scooters per year.
Considering the potential of the Indian market, the company is planning to set
up another plant in southern India.
Bounce has set aside US $100 million to be invested in the EV business
over the next one year.