Funding · Mobility & Logistics

EV startup Bounce raises ₹36 Cr from existing investors for gig economy infrastructure

By Startup Enthusiast · 2 March 2026

What they do

Bounce is an EV startup that provides scooter rentals and B2B EV infrastructure for India’s gig economy

It raised ₹36 Cr ($3.9 Mn) in a Series F round led by existing investors Accel and B Capital

The company plans to use the funds to scale its B2B EV rental ecosystem and expand its Battery-as-a-Service platform

Bounce raised ₹36 Cr ($3.9 Mn) in a Series F round led by Accel and B Capital.
The funding is part of an ongoing strategic raise from existing investors, with an additional ₹10 Cr expected from another investor.
Vivekananda Hallekere, Bounce’s CEO, said the capital will support the company’s next growth phase.
Bounce is shifting focus from bike-sharing and EV manufacturing to scaling infrastructure for India’s gig economy.
The startup offers a full-stack B2B EV rental ecosystem, primarily for last-mile delivery.
It also has a Battery-as-a-Service (BaaS) platform and offers scooters at ₹1 per km to gig workers.
Bounce has grown 25 times in scale in under 12 months.

Bounce provides electric scooters for gig workers and last-mile delivery services.
It operates a Battery-as-a-Service (BaaS) platform, allowing users to rent batteries instead of buying them outright.
The company offers scooters at ₹1 per km to gig workers, reducing their operational costs.
Bounce’s B2B model targets logistics and delivery companies, providing them with scalable EV infrastructure.
The startup has partnered with Sun Mobility to deploy 30,000 escooters using battery-swapping technology.

Bounce plans to raise an additional ₹10 Cr from another existing investor, bringing the total to ₹46 Cr.
The company aims to scale its B2B EV rental ecosystem and expand its Battery-as-a-Service platform.

Accel (lead) — A venture capital firm based in India and the US, known for investing in early-stage tech startups.
B Capital (lead) — A venture capital firm focused on investing in high-growth startups in India.

Product: Electric vehicle rental and infrastructure for last-mile delivery and gig economy workers
Customers: Gig economy workers and delivery service providers seeking affordable electric vehicle access
How it makes money: B2B EV rental ecosystem offering full-stack rental infrastructure for delivery partners
What sets it apart: Shifted focus from bike-sharing and manufacturing to scaled B2B EV rental specifically designed for gig delivery workers