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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.

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Rebel Foods launches 15-min food delivery app ‘QuickiES’

EntrackrEntrackr · 5m ago
Rebel Foods launches 15-min food delivery app ‘QuickiES’
Medial

Rebel Foods launches 15-min food delivery app ‘QuickiES’ Cloud kitchen unicorn Rebel Foods is making a foray into the 15-minute food delivery segment to compete with foodtech giants like Zomato and Swiggy. In a LinkedIn post, EatSure co-founder and CEO Sagar Kochhar announced that Rebel Foods has launched its 15-minute food delivery app, QuickiES. Co-founded in 2011 by Jaydeep Barman and Kallol Banerjee, Rebel Foods operates a network of cloud kitchens and restaurants across multiple countries. It owns and operates several quick-service restaurant (QSR) brands, including Behrouz Biryani, Mandarin Oak, Oven Story Pizza, Sweet Truth, LunchBox, The Good Bowl, Firangi Bake, The Biryani Life, and Wendy’s. Rebel Foods claims to operate over 450 cloud kitchens across India, the MENA region, Indonesia, the UK, and 75 Indian cities. In FY24, the company’s revenue from operations increased to Rs 1,420 crore, while its losses narrowed by more than 42% to Rs 378 crore during the same period. The Mumbai-based startup has raised $773 million in funding to date from investors such as KKR, Temasek, Lightbox, Evolvence, and others. The instant food delivery market is becoming increasingly competitive, with Zepto launching a dedicated app for Zepto Cafe, promising 10-minute food deliveries. Meanwhile, Zomato-owned Blinkit has introduced Bistro, a standalone app for instant food delivery. Similarly, Swiggy has launched a standalone app, SNACC, for 15-minute food delivery. Zomato has also entered the quick food delivery segment, while emerging platforms like Swish, Magicpin, and Zing are gaining momentum.

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

EntrackrEntrackr · 8m 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.

Bounce’s revenue surges 6X to Rs 91 Cr in FY23; cuts losses

EntrackrEntrackr · 1y ago
Bounce’s revenue surges 6X to Rs 91 Cr in FY23; cuts losses
Medial

Electric scooter manufacturer Bounce grew six-fold in the fiscal year ending March 2023 while also reducing losses by 19% at the same time. Bounce’s revenue from operations surged to Rs 91 crore in FY23 from Rs 15 crore in FY22, its consolidated financial statements filed with the Registrar of Companies (RoC) show. Bounce Founded in 2014 by Anil G, Varun Agni, and Vivekananda Hallekere, Bounce initially focused on providing bike rental services. But in 2022, the company made a strategic shift to become an electric vehicle (EV) manufacturer. As a result, electric scooters contributed to 92% of the company’s total revenue in FY23. The rest of the income came from renting vehicles, the sale of spare parts, and software subscription charges. Bounce also made Rs 8 crore from interest on deposits tallying its total income to Rs 99 crore in FY23. Head to TheKredible for a complete revenue breakdown. Being an electric two-wheeler maker, the cost of procurement constituted 30% of the overall expenditure and burned Rs 89 crore during the previous fiscal year. Bounce’s employee benefit costs remained flat in the same period. Its legal/professional, advertising cum promotional, subcontractor, finance cost, amortization, and overheads took the overall expenditure to Rs 297 crore in FY23 from Rs 277 crore in FY22. Check TheKredible for the detailed expense breakup. Expenses Breakdown Total ₹ 277 Cr https://thekredible.com/company/bounce/financials View Full Data To access complete data, visithttps://thekredible.com/company/bounce/financials Total ₹ 297 Cr https://thekredible.com/company/bounce/financials View Full Data To access complete data, visithttps://thekredible.com/company/bounce/financials Employee benefit Employee benefit Legal professional Legal professional Advertising promotional Advertising promotional Subcontractor and manpower supply Subcontractor and manpower supply Finance cost Finance cost Depreciation Depreciation Others Others Cost of materials consumed To check complete Expense Breakdown visit thekredible.com View full data Bounce effectively managed to cut its costs, leading to a 19% reduction in losses to Rs 197 crore in FY23 from Rs 243 crore in FY22. Its ROCE and EBITDA stood at -82% and -142% respectively. On a unit level, it spent Rs 3.26 to earn a rupee in FY23. FY22-FY23 FY22 FY23 EBITDA Margin -524% -142% Expense/₹ of Op Revenue ₹18.47 ₹3.26 ROCE -60% -82% Bounce has raised around $200 million across several financing rounds. According to the startup data intelligence platform TheKredible, Accel is the largest stakeholder with 26.62% followed by Peak XV and B Capital. Go to TheKredible for the complete shareholding pattern.

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