EV Firm Bounce Raises ₹36 Crore from Accel and B Capital to Expand EV Rental Ecosystem

Electric mobility startup Bounce has secured fresh capital from its existing investors as it prepares for the next phase of expansion, as per Inc42 report.  

The Bengaluru-based company is increasingly focusing on building infrastructure for the gig economy through its electric vehicle rental ecosystem. 

Fresh Funding from Existing Investors 

Bounce has raised ₹36 crore ($3.9 million) in a funding round backed by Accel India and B Capital. As part of the transaction, the company allotted 37.6 lakh Series F CCPS shares to the investors, according to filings with the Ministry of Corporate Affairs.  

Cofounder and CEO Vivekananda Hallekere said the current round forms part of an ongoing strategic fundraise from existing investors, with the company planning to secure an additional ₹10 crore, which could take the total round size to ₹46 crore (about $5 million). 

Focus on Gig Economy EV Infrastructure 

The new capital will support Bounce’s shift from earlier ventures such as bike-sharing and electric scooter manufacturing towards expanding its full-stack B2B EV rental platform designed for last-mile delivery operations.  

The company also operates a Battery-as-a-Service (BaaS) model and provides scooters to gig workers at ₹1 per kilometre. Hallekere stated that Bounce has expanded its scale by 25 times in less than a year. 

Partnerships and Business Evolution 

Bounce has been building partnerships to strengthen its electric mobility ecosystem. In 2024, the company signed a $45 million agreement with Sun Mobility to deploy 30,000 electric scooters across cities including Bengaluru, Hyderabad, Mumbai, Pune and Delhi NCR, using battery-swapping technology.  

In 2025, it partnered with Swiggy to deploy scooters for delivery partners starting in NCR and Bengaluru. 

Read More: Himachal Pradesh Introduces Rule Requiring EV Charging Stations in New Buildings Across Commercial and Public Projects! 

Conclusion 

With new funding and strategic partnerships, Bounce is positioning itself to expand its EV rental infrastructure for delivery services while exploring AI-driven initiatives within the gig economy ecosystem. 

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