Electric Mobility Startup Bounce Raises $5 Million in Internal Funding Round

Electric mobility startup Bounce has raised $5 million in an internal funding round from existing investors including Accel, B Capital, and Qualcomm Ventures, founder Vivekananda Hallekere announced. The company, which manufactures electric scooters and manages fleets, pivoted from rentals after the Covid-19 pandemic impacted its business. For fiscal year 2025, Bounce's revenue declined to Rs 64.2 crore, but its net loss narrowed to Rs 28.6 crore. The funds will support fleet expansion and operational improvements.