Bengaluru-based last-mile mobility solutions company, Bounce announced on Saturday that their Bounce Infinity electric scooter will be available in India soon. The Infinity EV is “Made in India,” according to the company, and includes “improved state-of-the-art equipment and sophisticated features.” The EV manufacturer will begin taking pre-orders for the scooter in India soon, with delivery beginning in January 2022.
While the company has not yet revealed the scooter’s official price, it is expected to be revealed in the first week of December.
Bounce Infinity Electric Scooter
An intelligent, detachable Li-ion battery is included with the Bounce Infinity scooter. This battery pack can be taken out and charged whenever it is needed. On its first e-scooter in the country, the EV company is also offering a unique ‘Battery as a Service’ option, which it claims is the first of its kind in the Indian market.
Customers will be able to purchase the scooter “without the battery” in this option, making it extremely economical. Customers will then be able to use Bounce’s battery-swapping network and only pay for battery swaps when they exchange an empty battery for a fully charged one from Bounce’s network and skip the long wait times associated with charging. This approach is most likely to reduce the cost of the scooter by at least 40% when compared to purchasing a battery-powered vehicle.
The official specifications of the new Infinity EV have yet to be released by the company.
Bounce admits that it is fast expanding its battery-swapping network, which will benefit not just its retail customers, but also its profitable ride-sharing business, as well as other clients. In an EV industry that is becoming increasingly saturated, its Infinity scooter will compete against rivals such as Ola’s S1 e-scooter.
Meanwhile, the EV startup has revealed that it has acquired a 100% shareholding in 22Motors in a deal valued at approximately US$7 million in 2021. The EV maker has acquired 22Motors’ production site and intellectual property in Bhiwadi, Rajasthan, as part of the deal. This plant has a production capacity of 180,000 scooters per year. The corporation has stated that it intends to build a new plant in southern India and to invest $100 million in its EV business over the next year.
