Bounce plans to invest Rs 742 cr to manufacture electric scooters | Bounce plans to invest Rs 742 cr to manufacture electric scooters


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Bounce plans to invest Rs 742 cr to manufacture electric scooters

New Delhi: Electric scooter rental company Bounce plans to invest in expanding the infrastructure for electric scooter manufacturing and battery swapping over the next year. Giving this information, the company’s co-founder and chief executive officer (CEO), Vivekananda Hallekere, said that for this, the company will invest $ 100 million (Rs 742 crore) over the next 12 months. Hallekere said the company will launch its first e-scooter later this month and its supply will start from February next year.

“We want to bring electric vehicles (EVs) powered by electricity to mainstream. When we talk about the transition to electric vehicles, we want to make sure that these vehicles can be used in a practical way. Also, customers don’t have to worry about charging infrastructure, battery capacity, and related issues. We will have two versions and by the end of November we will begin advance reservations and deliveries will begin at the end of February.




www.indiatv.in

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