Bounce tops 1 million battery swaps

Mumbai: Smart mobility firm Bounce said on Thursday it has achieved over a million battery swaps on its energy infra network, making it the first player in the domestic market to accomplish such a feat.

Backed by marquee investors such as Accel, Accel US, Sequoia Capital India, Falcon Edge, Qualcomm and Omidyar Network, among others, Bounce had last December announced the launch of its consumer e-scooter and battery-swapping network under the brand name Bounce Infinity.

Bounce said it is amplifying its battery-swapping network in line with its recently unveiled e-scooter Infinity E1. “We are glad to announce that our battery-swapping network has achieved over 10 lakh swaps. The government and policymakers have recognised battery-swapping and battery-as-a-service (BaaS) as the most effective solution to accelerate EV (electric vehicle) adoption in India by addressing the range anxiety,” said Bounce co-founder and CEO Vivekananda Hallakere.

Bounce Infinity has pioneered and revolutionised the battery swapping scenario and efficiently created India’s largest swappable battery infrastructure, he said. Hallakere added that the company’s distributed network approach has diverse advantages for consumers, ranging from cost-effective viability to proximity of accessing fully charged batteries every time. (PTI)