Bounce, formerly known as Metro Bikes, is India's first smart mobility solution, with a mission of making daily commute stress-free, time-saving, reliable and convenient.
Bounce offers dockless scooter sharing service, which allows users to pick up a scooter from anywhere, ride to their destination, and drop it off at any location.
Bounce was founded in 2014 by Vivekananda Hallekere, Varun Agni & Anil G. The company was previously known as Metro Bikes, and later changed it's name to Bounce. It has it's headquartered based in Bengaluru, Karnataka, India.
Bounce provides a stronger delivery model through innovations in technology, Book a ride on the app, Pick up the bike, Enter the OTP, Ride to the destination and move on!
Bounce’s technology-enabled solution offers low-cost transportation that can help cover short distances in the fastest time possible. Bounce’s product offering is particularly interesting as it uniquely fits multiple investment themes that we are excited about: tech-enabled solutions for mass India and shared-economy solutions across various categories (like lodging, transportation, and furniture).”
Bounce is backed by investors including Sequoia India, Accel Partners, InnoVen Capital, Qualcomm Ventures, & B Capital Group among others. The company raised $105M in a Series D financing on Jan 23, 2020. This brings Bounce's total funding to $194M to date. The new round gives the company a $520M in valuation. Bounce has also acquired ofo India on Nov 27, 2018.