Bounce is the latest entrant to join the two-wheeler e-mobility bandwagon. The company is planning to launch its first product called the Bounce Infinity very soon. This ‘Made in India’ electric two-wheeler will aim to leverage the current rising demand for electric two-wheelers in the market. The company claims that the scooter will get all the latest and intelligent features. To counter the range anxiety issue, which is linked to every electric vehicle, Bounce will make use of battery swapping. This provides the customers with the convenience of charging their battery on the go. Bounce mentioned that they would soon start with the pre-bookings. Meanwhile, the deliveries will start from January next year.
Battery Swapping As The Backbone Of Bounce
The growing number of EVs on the roads does demand a robust and wide charging infrastructure. But as it stands, India is miles away from the requirement. The charging infrastructure is still nascent, with a very limited number of stations in a few cities. Keeping this in mind, Bounce will leverage the concept of battery swapping. In this mode, the customer can carry extra charged batteries with themselves. And when the currently used battery runs out, they can easily swap it with a fully charged one.
This is a more convenient way and is much less time-consuming as well. Furthermore, Bounce will set up its battery-swapping station, where the customer need not carry the charged battery and can simply replace the currently used one by visiting one of these battery swapping stations. Bounce claims that the use of the battery swapping concept makes the running cost of electric scooters 40 per cent less than conventional petrol scooters.
The Road Ahead
Bounce recently acquired a 100 per cent stake in 22Motors in a deal worth USD 7 million. As a part of this deal, Bounce has acquired the company’s manufacturing plant that has a capacity to manufacture close to 1,80,000 scooters per year. To further streamline its manufacturing, the company is planning to set up a new plant in Southern India. Given the rising demand for EVs in the market, Bounce has set aside over USD 100 million to invest over the next year.
Also Read: Bounce electric scooter to debut this month.
