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The company ships to South Africa, Nepal, Kuwait, South America, and SriLanka. The company can sell the scooter without the battery, which can bring the price down significantly. Innoven Capital, B Capital, Accel, Falcon Edge, Qualcomm, Maverick Capital, Chirate, and Omidyar Network are investors in Bounce.
In all, the iQube range now spans five variants, with the company lowering the price barrier and making its most popular e-scooter attractive to a larger pool of customers – those on a budget, and those wanting all the bells and whistles from their electric scooter.
Given the sluggish demand and higher input cost in the recent past, how is the pricing scenario? Have price hikes impacted the farmer sentiments? The commodity costs went through the roof during the pandemic and the year after, it is very unfortunate to see prices increase for everything, including tractors.
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