Smart mobility firm Bounce Infinity on Thursday said it has commenced rollout of its first consumer e-scooter E1 from the Bhiwadi facility in Rajasthan and deliveries of the vehicle will start from April 18. The company also said it is looking to set up a new half-a-million per annum capacity manufacturing facility for e-scooters in South India later this year.
Bounce Infinity is backed by marquee investors such as Accel, Accel US, Sequoia Capital India, B Capital, Falcon Edge, Qualcomm, Chirate, Omidyar Network, Maverick Capital, among others. It had launched E1 with dual options in swappable battery – scooter with Battery-as-a-Service (BaaS) — and scooter with battery and charger. It had also announced that deliveries of the e-scooter will commence from early 2022.
Also read:
With the rollout of Bounce Infinity E1 from our plant, we are thrilled that the first batch of our electric scooters will soon make its way to eagerly awaiting customers across the country, said Vivekananda Hallekere, Co-Founder and CEO, Bounce Infinity. With current capacity at the Bhiwadi plant exceeding 2,00,000 scooters annually, the facility will serve as the company’s national manufacturing hub, catering to demand from across the country, the company said.
The BaaS option the first-of-its-kind in the Indian market pushes down the acquisition cost of the scooter substantially, by as much as 40 percent as compared to conventional electric scooters, it claims.
(Edited by : Anand Singha)
First Published: Apr 7, 2022 4:11 PM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
2024 Lok Sabha Election | Which way the wind blows in the second phase
Apr 26, 2024 6:09 PM
Election Commission registers case against BJP's Tejasvi Surya for alleged violation of poll code
Apr 26, 2024 5:08 PM