Bengaluru-based Bounce covers 5 million rides in 10 months

Pic Credits: Inc42

Bounce, a two-wheeler rental startup, based out of Bengaluru, has claimed to reach a milestone of 60,000 rides per day in Bengaluru, cited yourstory. Also, the startup saw over 5 million rides, covering 30 million kilometers in a span of 10 months.

The achievement has made Bounce as one of the quickest-growing shared mobility startup in the world, competing with the global giants.  

The company said, “This 60,000 milestone was achieved with around 7,000 dockless scooters covering an average distance of seven to eight kilometre per ride. Bounce also remains one of the most affordable modes of commute offering users rides at Rs 5 per km.”

Bounce was founded by Vivekananda HallekereAnil Giriraju, and Varun Aghi in 2016, while its parent company Wicked Rides was founded in 2014. Bounce was launched to provide a smart mobility solution by giving its users the option of one-way rental, which lets the users rent the bike from anywhere, travel to their destination, and drop off the bikes at any location.

The bike-sharing startup is operational in Bengaluru, Mysore, Jaipur, Udaipur, Belagavi, Manipal, Jaisalmer, Gokarna, Hyderabad, and few other cities.

The company also expressed that the usage of public transportation in Bengaluru is seeing a steady increase with the introduction of last-mile bike sharing.

Vivekananda Hallekere, CEO and Co-Founder, Bounce said, “This feat would not have been possible without the contribution of each and every member of the Bounce community, both employees and users alike. We are steadily on our way to democratising mobility in India and making Bengaluru a public transport society”.

Bounce boasts of having more than 7,000 bikes and 11 lakh users.

Furthermore, the startup also said that it has been empowering women, who constitute more than 25 percent of its users. About eight percent of these rides are homemakers who use Bounce scooters for their day-to-day activities.

The startup also claimed that each Bounce bike approximately removes 6.5 bikes from the roads, reducing the number of vehicles and carriage space for seamless commuting.

Conclusively, other players in the similar category includes VogoONN BikesTazzo BikesWheelstreetMobycy, among others.

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