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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The EV maker is turning to gig-worker rentals to absorb its scooter output. But questions on cost, competition and execution make its latest pivot uncertain.
Bounce has pivoted. Again.
From a last-mile scooter rental company to an electric two-wheeler manufacturer, it is now pitching itself as a mobility platform for gig workers—renting out scooters to those delivering food, groceries and everything in between. This time, the idea is to combine both worlds: build the vehicle and run the fleet that earns from it.
It seems, at first glance, like a fairly solid plan. The gig economy has expanded sharply over the past five years, with delivery becoming a core layer of urban consumption. Millions of workers now depend on access to a two-wheeler to make …
A proposed Rs 12,000 crore incentive shifts the focus to components after the first scheme fell short. But raw material dependence, gaps in technology and China’s dominance remain.
The startup isn’t sure where its future lies—in electric motorcycles or the more recently announced electric scooter? Unsurprisingly, none of the products have amounted to anything so far.
The EV maker is back for fresh capital as its businesses fail to generate enough to sustain themselves.
