Bounce: on the road to improving India’s daily commutes

By Matthew Kinsella

We’d like to congratulate Bounce, India’s first smart mobility solution, for their recent $72 million Series C raise. Our team is proud to support a company that’s building a transformative solution to address India’s mobility challenges through an efficient and economical model.

Through Bounce’s mission to make daily commutes stress free, reliable and convenient, it’s doing its part to solve India’s traffic congestion problem. The simple app allows users to pick up a keyless scooter anywhere and drop it off at any available parking spot once they reach their destination.

With this new funding, Bounce plans to add more than 50,000 electric scooters to its fleet, expand its presence nationally and continue strengthening its tech infrastructure. They’re also actively working with local and national governments to provide innovative solutions for seamless first and last mile connectivity.

We’re really proud to partner with such dynamic, energetic and forward-thinking entrepreneurs who solve hard problems like Vivek, Varun, and Anil. Vivek — you guys have come so far since we met in the Starbucks at the Mumbai airport 6 months ago and I can’t wait to see what the next several years bring!

The views expressed herein are solely the views of the author(s) and are not necessarily the views of Maverick Capital, Ltd. or any of its affiliates. They are not intended to provide, and should not be relied upon for, investment advice.