Bengaluru-based startup Bounce intends to transform itself into 100% electric vehicle fleet

E-scooter sharing player Bounce said on Friday it intends to add 4,000 more e-scooters to its fleet by February.

Currently, electric vehicles (EVs) form 50% of the Bounce fleet in Bengaluru and Hyderabad, it said a statement.

The Bengaluru-based startup said it intends to transition to a 100% EV fleet by the third quarter of 2021. quite 10,000 vehicles of its fleet to incorporate the company’s in-house designed bikes, it added.

Bounce aims to form its rides carbon neutral by 2022.

“When Covid impacted business, we took advantage of the period to accelerate our EV adoption strategy. we’ve built strategic partnerships with several OEMs within the electric and battery space to realize this green vision,” said Vivekananda Hallekere, CEO and Co-founder of Bounce.

In a previous couple of months, Bounce saw a gentle rise within the number of daily rides and now has reached 35% of its pre-Covid numbers, the statement said.

Bounce said it’s resumed operations in many cities and Tier-II markets like Hassan, Mysuru and Vijayawada besides Bengaluru and Hyderabad.

Prior to the Covid-19-induced lockdown, Bounce said it did about 130,000 rides on a day today. With a robust presence in Bengaluru and Hyderabad, the corporate looks to expand to other cities also, the statement added.

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