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Bounce launches 15-min charge scooter at Bharat Mobility Expo

EntrackrEntrackr · 6m ago
Bounce launches 15-min charge scooter at Bharat Mobility Expo
Medial

Bounce Electric has launched its latest electric scooter, featuring LFP (Lithium Iron Phosphate) batteries, in collaboration with Clean Electric at the Bharat Mobility Expo 2025. This scooter aims to transform urban mobility with fast charging, longer battery life, and convenience. The new Bounce Electric scooter charges fully in just 15 minutes, minimizing downtime. It includes a Type 6 connector for compatibility with public fast-charging stations and offers 2 kWh and 4 kWh variants, providing ranges of 80 km and 160 km. According to the company, the LFP batteries last twice as long as traditional NMC batteries and are portable for convenient charging at standard outlets. Existing Bounce scooter users can upgrade to the new technology. A live demo at Bharat Expo will showcase its rapid charging capability and ability to cover 60 km in 15 minutes. Bounce is making progress toward achieving an annualized revenue of Rs 150 crore in FY25, which would be more than a four-fold increase compared to FY23 collection figures. Bounce claims to be the only OEM in the EV industry to offer an uptime guarantee, along with options for choosing battery sizes and types, with access to battery-swapping services from multiple providers.

VoltUp raises $8 Mn in seed funding round

EntrackrEntrackr · 5m ago
VoltUp raises $8 Mn in seed funding round
Medial

VoltUp, a mobility-as-a-service (MaaS) platform and battery-swapping startup, has raised $8 million (Rs 67 crore) in a seed funding round, comprising equity and debt, which was led by EM Impact Capital. The Mumbai-based company had previously raised $10 million in the pre-seed round, bringing the total fund raised to $18 million with participation from prominent Family Office, HDFC Bank, cKers, Grip Invest and GetVantage. Founded in 2019 by Siddharth Kabra, VoltUp is a battery-swapping platform that is designed for electric 2-wheelers and 3-wheelers. Operating in 14 cities, VoltUp’s technology-first approach integrates AI and data analytics to optimize station locations, monitor battery performance in real-time, and predict user demand, offering a safer, more efficient, and time-saving alternative to traditional charging. With a core focus on safety, health, and efficiency (SHE), VoltUp claims to deliver a more sustainable mobility experience, making densely populated cities smarter and more connected. Through its Mobility-as-a-Service (MaaS) network, the startup empowers delivery agents, gig workers, and small businesses with reliable electric 2-wheelers powered by proprietary swappable battery technology. VoltUp plans to accelerate its MaaS offerings, integrating seamlessly with multiple electric vehicle platforms for two- and three-wheelers. It claims that its revenue has grown by over 4 times in the last 12 months and plans to deploy 1,000 new battery-swapping stations across 20 urban centres, supporting a growing customer base while promoting EV adoption and reducing range anxiety. Over the next two years, VoltUp aspires to invest in assets worth over $85 million, including swapping stations, batteries, and expanding the MaaS platform leading to additional job creation and bolstering India’s transition to sustainable mobility.

Transition VC leads $1.7 Mn round in Dynolt Technologies

EntrackrEntrackr · 4m ago
Transition VC leads $1.7 Mn round in Dynolt Technologies
Medial

Transition VC leads $1.7 Mn round in Dynolt Technologies Deeptech startup Dynolt Technologies has raised $1.7 million in its seed round led by Transition VC. Marquee angel investor Yashowardhan Shah also participated in the round. The proceeds will be used to expand its footprint in mobility through higher power chargers with wide bandgap semiconductors for fast charging stations. It also plans to enter new sectors like solar and hydrogen with its solutions for high frequency inverters and DC-DC converters application. Founded in 2022 by Rajesh Sura and Teja Kumar, Dynolt develops power electronics solutions for clean energy sectors such as e-mobility, energy storage, renewables, and hydrogen. In the e-mobility space, Dynolt claims to have deployed more than 14,000 power converters across the country which have collectively surpassed more than 30 million charging cycles. It enables efficient control of the power converters using embedded software and makes Dynolt’s products scalable and reusable across various domains expediting product development cycles. The Bengaluru-based startup’s clients include EMO Energy, Sandhar, Bounce, International Battery Company, Numeros Motors, Yulu, Yuma Energy, and River, which have adopted the company’s solutions at scale. The firm’s current product line includes power converters for on-board/off-board chargers for two- and three-wheeler EVs and swapping stations.

EV firm Bounce on track to report over Rs 150 Cr revenue by FY25

EntrackrEntrackr · 7m ago
EV firm Bounce on track to report over Rs 150 Cr revenue by FY25
Medial

Bounce, an electric scooter manufacturer, is making progress toward achieving an annualized revenue of Rs 150 crore in FY25. This will be a more than four-fold increase compared to FY23 figures. With several long-term contracts secured across various sectors, the company is on track to achieve the aforementioned revenue in FY25, according to sources familiar with the development. "Bounce Electric achieved positive EBITDA in September 2024, its average revenue run-rate in October stood at Rs 200 crore," said one of the sources aware of the financial numbers of the company. This would be a significant turnaround for the Bengaluru-based company, which reported an operating revenue of Rs 36 crore in FY24. According to sources, it closed last fiscal year with Rs 35.88 crore revenue and Rs 44 crore loss. This shows that the company’s collection fell 60.6% in FY24 from FY23 when it recorded Rs 91 crore in revenue. The downfall in scale was guided by phase 2 battery compliance rule. Bounce lost 6 months of production and it didn’t launch any scooter in the first half of the last fiscal year (FY24). This took a toll on the company’s collection in the last fiscal year. For background, Bounce posted Rs 91 crore in FY23 alongside losses of Rs 197 crore. While the company made Rs 35.88 crore from the sale of scooters, the remaining Rs 51 crore came from the custom manufacturing for Belrise which specializes in component manufacturing for automotive and white Goods Industries. Its audited financial results for FY24 have yet to be filed. At the start of FY22, Bounce shifted its focus to electric scooter manufacturing by acquiring 22Motors. Entrackr exclusively reported about it. This pivot appears to have paid off, as the firm managed to grow its scale multifold as compared to its previous model. As per sources, Bounce’s growth is guided by its focus on providing a strong electric solution for B2B companies in logistics, e-commerce, and quick commerce. Its “plug-and-play” EV model simplifies the transition to electric vehicles by handling all operational costs and maintenance. Detailed queries sent to Bounce on Thursday last week didn't elicit any response. Bounce claims to be the only OEM in the EV industry to offer an uptime guarantee, along with options of choosing battery sizes and types, with access to battery-swapping services from multiple providers. Before this pivot, Bounce raised approximately $200 million across several financing rounds. According to the startup data intelligence platform TheKredible, Accel is the largest stakeholder with a 26.62% share, followed by Peak XV and B Capital. Visit TheKredible for the complete shareholding pattern.

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