India-headquartered Bounce, a smart mobility startup works with the mission to make everyday commute time-saving, stress-free, convenient, and reliable. Now, the company has launched its first electric scooter for $480 (nearly ₹36,000). With this new electric scooter, Bounce intensifies the smart mobility industry in the country.
This announcement after two years after the startup raised $72 million from B Capital, the VC founded by Eduardo Saverin, the co-founder of Meta and Falcon Edge Capital along with other investors.
A few months back, Ola launched its first electric scooters – the Ola S1 and S1 Pro priced starting from $1,350. At its affordable price point, the Bounce Infinity E1 undercuts the heavily-backed rival with its offering.
Bounce Infinity E1 features
This electric scooter comes with the unique Battery as a service’ option. Called Bounce Infinity E1, this new electric scooter from the Bangalore-based startup features a swappable battery and is bundled with many other unique features such as hydraulic telescopic front suspension, tubular frame, and twin shock absorbers at its rear that are aimed at the Indian roads
This new electric scooter from the Indian company can work at a maximum speed of 65 kmph and last for up to 85 km on a single charge. It will be available in five different colours and can be customised for users. Buyers can have complete visibility about its performance and can trace the scooter and lock it from a remote location as well.
Powered by a 2kWh lithium-ion battery, this electric scooter can go from 0 to 40kph in just 8 seconds, claims the company. It can deliver a torque of 83Nm. The battery pack can be recharged in 4 to 5 hours via any regular electric socket. There are two riding modes – Eco and Power as well.
Other features include a round LED projector headlamps, stylish alloy wheels, smart detailing, flush rear foot pegs, and five attractive colour options – Pearl White, Sparkle Black, Comed Grey, Desat Silver, and Sporty Red.
Also, there are features such reverse mode, tow alert, digital instrument cluster, and cruise control. It gets a unique drag mode to movea along at the walking speed in the cast of puncture. Also, it has Bluetooth, charging status check, geofencing and more.
Bounce serious about EV business
As it supports swappable batteries, customers can swap it when it discharges from a nearby swapping station. Also, the company is focusing on setting up swapping stations across the country. It is eyeing to set it up at the gas stations and mom and pop stores in numerous cities. It aims to set up these facilities at every km, thereby creating the world’s largest battery swapping platform.
Already, Bounce has set up a manufacturing unit in Rajasthan, India and is in plans to set up another one as well. The company aims to invest $100 million in the electric vehicle business in 2022.
How much does it cost?
The price of the Bounce Infinity E1 varies from state to state. In the state of Gujarat, it is priced at $480 as mentioned above and it will vary based on the subsidy offered by the government. If buyers want to purchase the scooter with both the battery and charger, then it will cost $920 (nearly ₹68,999) while it can go down to $800 (nearly ₹59,999) with subsidy. Buyers who purchase the Infinity E1 without the battery need to pay to swap the battery each time at a swapping station.
India is the largest two-wheeler market right now and these account for over 80 percent of all vehicles sold over there. However, electric vehicles are in the nascent stages in the country and the EV makers are trying to make their path to popularise this segment as the nation wants to cut down on carbon emissions. The Bounce electric scooter is priced effectively and takes the running cost substantially down for users. It is touted that the Infinity E1 will help users save up to 40 percent as compared to conventional scooters.