Zapp and Bounce Infinity Partners for Manufacturing EV Scooters

Locally produced electric scooter company Bounce Infinity formed a strategic alliance with Zapp Electric Vehicles Group Limited, a British company, on Friday.

As per Bounce Infinity, the collaboration will utilise Bounce's vast production skills and global reach to bolster Zapp's objective of providing high-quality, eco-friendly mobility solutions. As per Zapp's requirements, Bounce Infinity will offer contract manufacturing services.

Additionally, Bounce Infinity will help Zapp EV get the licences required to homologate its goods for sale in India. After the Memorandum of Understanding becomes effective, the entire process must be finished in 120 days. The two businesses will investigate collaborating on a distribution strategy to increase Zapp's product availability throughout India.

Read also - Health-Tech Startup HealthPresso Appoints Mr. Manuj Sanduja as Co-Founder & CTO

Through contract manufacturing partnerships, Zapp's asset-light and capital-efficient business strategy is projected to offer adequate capacity to increase production without requiring large capital investments in a timely manner.

Recently, Bounce Infinity, which is expanding its battery swap network and has over 70 dealerships throughout India, signed an order with SUN Mobility for 30,000 scooters. In order to increase its reach, the company is also finalising deals with significant last-mile delivery, fast commerce, and food delivery businesses.

Swin Chatsuwan, Founder and CEO of Zapp EV, said: “Bounce’s manufacturing expertise and market presence in India is expected to accelerate Zapp’s commercial rollout in key urban areas. India is already one of the largest markets for two-wheelers, and the share of electric vehicles is forecast to reach 45% by 2030. The design attributes of the i300 make it an excellent solution for personal mobility with India’s growing purchasing power and urban densification.”

Vivekananda Hallekere, CEO and Co-founder of Bounce Infinity, said: “By combining our manufacturing strengths with Zapp’s innovative product lineup, we aim to make India a two-wheeler manufacturing hub for the entire world.”

About Bounce Infinity

Founded in 2014 by Vivekananda Hallekere, Bounce Infinity is a Electric scooetr manufacturer. The company develops electric scooters with features like regenerative braking, swappable batteries, anti-theft, and GPS tracking system. The platform develops vehicles like E1, E plus, and E1 LE. Also, it provides swappable batteries for electric two-wheelers.

Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:

Startup Success Stories: Discover inspiring tales of startups overcoming challenges and achieving success.

Funding Startup News: Stay updated with the latest news and trends in startup funding and investment.

Startup Insights: Dive into in-depth analyses of various industries and market trends to make informed business decisions.