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{{more citations needed|date=July 2020}}

'''Bounce Scooter Share''', or simply '''Bounce''', is an Indian smart mobility{{clarify|date=July 2020}} company, and the operator of the only dockless self-drive [[Scooter (motorcycle)|scooter]] service in [[India]].<ref>{{Cite web|title=Indian Bike Rental Startup Bounce Raises $105 Million In New Round Of Funding|url=https://www.moneycontrol.com/news/technology/auto/indian-bike-rental-startup-bounce-raises-105-million-in-new-round-of-funding-4851721.html|access-date=2021-09-16|website=Moneycontrol|language=en}}</ref> The company’s fleet uses a patented{{citation needed|date=July 2020}} keyless technology which lets a user pick up the nearest Bounce scooter and drop it off at any legal parking zone near their destination. The company offers its dockless scooters for hire in [[Bangalore|Bengaluru]] and [[Hyderabad]], and docked scooters in smaller cities like [[Belgaum]], [[Mysore]], [[Hubli]], Hassan and [[Vijayawada]].<ref name=":2">{{Cite web|title=Bounce enters Hyderabad with dockless scooters|url=https://www.thehindubusinessline.com/economy/logistics/bounce-enters-hyderabad-with-dockless-scooters/article30329628.ece|access-date=2020-07-13|website=@businessline|language=en}}</ref><ref name=":0">{{Cite web|url=https://bounceshare.com/?gclid=CjwKCAjw1f_pBRAEEiwApp0JKGt0J36cA50z3ja-W6XA4Houxw1EdrREWLsdkMhkUpSCU2QRwYyDsBoCddYQAvD_BwE|title=Bounce - Self Drive Bike Rental {{!}} Rent A Bike|website=bounceshare.com|access-date=2019-07-30}}</ref>

== History ==
Bounce’s parent company, WickedRide Adventure Services Pvt. Ltd., was co-founded in 2014 by Vivekananda Hallekere, (CEO and co-founder) Anil G, (COO and co-founder) and Varun Agni (CTO and co-founder),<ref>{{Cite web|last=Urs|first=Anil|title=Wicked Ride launches utility bike rental service|url=https://www.thehindubusinessline.com/news/wicked-ride-launches-utility-bike-rental-service/article8036963.ece|access-date=2020-07-13|website=@businessline|language=en}}</ref><ref>{{Cite web|last=Patwa|first=Prasannata|date=2020-01-24|title=This Motorcycle Lover Turned His Passion Into Business|url=https://www.entrepreneur.com/article/345477|access-date=2020-07-13|website=Entrepreneur|language=en}}</ref> initially as a luxury bike rental service under the name, WickedRide. The company claims that it was the first and the largest luxury bike rental company in India.{{citation needed|date=July 2020}} In 2016, they launched Metro Bikes, to provide last and first mile connectivity to people looking to use public transport or to commute within the city. In September 2018, after a beta stage, they renamed this service to Bounce and with a fleet of 200 scooters introduced a dockless and keyless bike sharing service to the city of Bengaluru.<ref>{{Cite news|last=Srinivasan|first=Supraja|title=Metro Bikes rebrands itself as Bounce post Rs 84-crore funding|work=The Economic Times|url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/metro-bikes-rebrands-itself-as-bounce-post-rs-84-crore-funding/articleshow/65331527.cms|access-date=2020-07-13}}</ref>

In 2019, they launched operations in Hyderabad with 2000 dockless scooters and plan to introduce electric scooters to the market soon.<ref name=":2" /> In March 2020, Bounce claims to have started doing more than 130,000 rides a day and to have clocked more than 10 million rides since inception in September 2018.<ref>{{Cite web|title=Deal Street: Bounce Raises $6.5 Million In Debt Funding, Chqbook.com Gets $5 Million|url=https://www.bloombergquint.com/business/deal-street-bounce-raises-65-million-in-debt-funding-chqbookcom-gets-5-million|access-date=2020-07-13|website=BloombergQuint|language=en}}</ref> The company also claims to have grown into the world's fastest-growing bike-sharing start-up.<ref>{{Cite news|last=Abrar|first=Peerzada|date=2019-07-31|title=Bengaluru's Bounce becomes world's fastest-growing bike-sharing start-up|work=Business Standard India|url=https://www.business-standard.com/article/companies/bengaluru-s-bounce-becomes-world-s-fastest-growing-bike-sharing-start-up-119073100559_1.html#:~:text=Bengaluru%27s%20Bounce%20becomes%20world%27s%20fastest-growing%20bike-sharing%20start-up,-Peerzada%20Abrar%20%7C%20Bengaluru&text=Bounce%20on%20Tuesday%20said%20that,start-up%20in%20the%20world|access-date=2020-07-13}}</ref>

In January 2020, Bounce raised ₹692.39 {{H:title|in the Indian numbering system, crore is equivalent to ten million|crore}} (approximately USD 92 million) in a [[Series D round]] led by [[Facebook]] co-founder [[Eduardo Saverin]]’s VC fund B Capital, and is currently valued at over USD 520 million.<ref>{{Cite web|date=2020-01-23|title=Accel, B Capital lead Series D funding round in Bounce|url=https://www.vccircle.com/accel-b-capital-lead-series-d-funding-round-in-bounce|access-date=2020-07-13|website=VCCircle|language=en-US}}</ref>

== Ofo acquisition ==
In 2018, the company took over assets of Chinese bike-sharing [[Unicorn (finance)|unicorn]] [[Ofo (company)|Ofo]] in India. With this acquisition, Bounce claimed to explore new [[Vertical market|verticals]] and deepen its presence in the mobility space.<ref>{{Cite web|date=2018-11-27|title=Bounce Buys Chinese Bike Rentals Startup Ofo's India Assets|url=https://inc42.com/buzz/bounce-buys-chinese-bike-rentals-startup-ofos-india-assets|access-date=2020-07-13|website=Inc42 Media|language=en-US}}</ref><ref>{{Cite web|title=Bounce Launches its Own Electric Scooter E1 Infinity|url=https://cartechnewz.com/bounce-launches-its-own-electric-scooter-e1-infinity|access-date=2021-12-04|website=CarTechNewz Media|language=en-US}}</ref>

== Integration with mass rapid transport ==
In 2019, Bounce won a competitive bid to provide its dockless scooter-sharing service at the railway stations in [[Karnataka]].

The company introduced its operations across 13 Bengaluru railway stations and helped passengers in the city with first and last-mile connectivity.<ref>{{Cite news|last=Abrar|first=Peerzada|date=2019-12-27|title=After metro, Bounce's scooters to be available at railway stations|work=Business Standard India|url=https://www.business-standard.com/article/companies/after-metro-bounce-s-scooters-to-be-available-at-railway-stations-119122700856_1.html|access-date=2020-07-13}}</ref>

==References==
{{reflist}}

[[Category:Indian companies established in 2014]]
[[Category:Transport companies of India]]

Bounce Scooter Share - Revision history

UpdateBot at 13:10, 6 February 2022