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Bounce and Sun Mobility did not immediately respond to ET’s request for comments on the expected business from the partnership and the financial considerations of the deal.
“Customers, including third-party fleets will power them through Sun’s battery swapping network. This will enable the users of these electric 2-wheelers to utilise Sun Mobility’s vast and robust network across the country,” a joint statement from the two companies said.The two firms also aim to launch the solution in export markets, the statement added. Currently, Bengaluru-based Sun Mobility has over 600 battery-swapping stations across 19 cities in India, enabling over 1 million swaps and over 30 million kilometres each month.
Bounce Infinity’s range of Infinity E1 scooters has an impressive range of over 95 kilometers per swap. The company began as Wickedride Adventure, a rental service for high-end performance motorcycles in 2014, when it also pivoted to bicycle rentals. In 2016, it became a scooter-sharing service. In 2018, it again pivoted to a dockless scooter-sharing model and rebranded as Bounce.
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After the Covid-19 pandemic hit, with the scooter rental business severely hurt, the company again changed track to focus on manufacturing and selling electric vehicles under the brand Bounce Infinity.”Our collaboration with Sun Mobility is a crucial step in our mission to revolutionize urban mobility. By eliminating charging hassles with instant battery swaps, we’re making a clean commute not just accessible but affordable for people,” said Bounce Infinity CEO Vivekananda Hallekere.
Bounce Infinity currently operates with over 70 dealerships nationwide. It has sold over 10,000 scooters since its launch and is present in all the major metros as well as rural markets.
Founded in 2017, Sun Mobility is a joint venture between Sun Group and Maini Group. It is cofounded by Chetan Maini, previously founder of Reva Electric Car Company (now Mahindra Electric), Uday Khemka, vice chairman of Sun Group, and Ajay Goel, executive director of Sun Mobility.