Electric scooter and swappable-battery company Bounce Infinity raised $20 million in funds from its existing investors including Sequoia.
Bounce began as Wicked Ride, a high-end performance motorcycle rental service. It then shifted its focus to app-based scooter rentals and rebranded as Bounce. According to a source close to the company, the company intends to launch three vehicles this year. According to this person, the company is also looking to expand in the export market and has already sent shipments to South Africa, Kuwait, South America, Sri Lanka, and Nepal.