Automobile Business

This EV startup eyes $100mn investment in e-scooter mfg, battery swapping infra

November 7, 2021
RAKSHA ARUN
Electric scooter rental startup Bounce is making investment of about USD 100 million (around ₹742 crore) over the next 12 months across manufacturing of e-scooters and expanding the battery swapping infrastructure, its co-founder and CEO Vivekananda Hallekere said.

Speaking to PTI, Hallekere said the company will unveil its first e-scooter towards the end of the month and deliveries will start by February next year.

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