The company said the funds will support fleet expansion, entry into new cities and infrastructure for delivery workers across the country.
Bounce manufactures electric scooters and rents them to gig workers serving quick commerce and food delivery platforms. The company operates thousands of scooters in multiple cities.
“Bounce is often seen as an EV manufacturer. That is only part of the story,” said Vivekananda Hallekere, CEO and co-founder.
He said the company is building the infrastructure that supports India’s online commerce. He said every quick commerce order, food delivery and last-mile package depends on a gig worker who needs electric mobility, which the company provides.
He added, “We build the vehicles and we run the fleet. That combination of manufacturing and years of fleet operations experience is what sets us apart and is very hard to replicate”.
The company said it follows a vertically integrated model. It designs and manufactures its own scooters and operates them as a fleet. It said this gives it control over cost and scale.
Founded in 2014, Bounce previously operated more than 30,000 scooters across India.
Bounce is backed by investors including Accel, B cap, Qualcomm and Peak XV.
(With inputs from bl intern Tejaswini S)
Published on March 2, 2026