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Bounce Launches EV Rentals for Gig Workers

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Bounce Rolls Out EV Rentals for Gig Workers

In the latest development, Bounce Infinity has introduced their E-vehicle a rental model for gig workers across India. The new service, dubbed Bounce Daily, is in pilot testing in select localities around Bengaluru and Delhi NCR. It addresses gig workers working with e-commerce, food and quick commerce companies such as Swiggy, Zomato and Zepto. They also plan to roll out this model in other top metro cities in the next few months.

The pilot plan consists of a fleet of 500 company-owned electric scooters. They are provided on lease to gig workers, who use it daily to facilitates deliveries and other related jobs. The ‘rent-to-own’ model is one of the most remarkable offerings; users will also be able to do convert daily rental payments into EMIs. The system offers gig workers the potential to own the vehicle in the long run, contingent upon meeting minimum lease lock-in requirements.

As per Varun Agni, co-founder and CTO, Bounce Infinity, this initiative is aimed at more than just providing vehicles; it is about enhancing the experience and support for gig workers. As per Agni, the customer service for OEMs is essential to the success of B2B during an incident, whether it is an accident or mechanical and electrical failure. Bounce intends to set itself apart by assuming complete accountability for vehicle maintenance and also offering on-site maintenance support at the point of delivery. This contrasts with many traditional OEMs, which don’t have this flexible servicing infrastructure.

Bounce Infinity, which had built its early and best-known business on personal-use EV scooter rentals, has now completely moved to the gig economy. The company now makes and sells electric scooters geared toward delivery people and other gig economy workers. The company now has four mid-speed scooters on sale – Bounce Infinity E1X, E1+, Infinity E1 (Standard) and Infinity E1 LE (Limited Edition), which fall in the 45-70 kmph segment.

The company, also, is working on new low speed electric scooter with no. of models to be launched in the range, which will operate at speeds of up to 25kmph. Gig workers are particularly attracted to these models because of their relatively low operational costs, ease of operation, and the absence of legal roadblocks like having to obtain a driving license. The lower end of the range requirements for short-distance deliveries in urban environments also suits low-speed EVs perfectly.

Bounce has a manufacturing facility located in Bhiwadi, Rajasthan, which can produce up to 20,000 scooters per month. Yet current usage is only about 7-10% of this capacity. Still, around 85,000 of Bounce’s electric scooters are currently active on aggregator platforms in India, suggesting rising demand and trust among users.

Agni points out that the move to EVs in the delivery space is a huge opportunity. Several large delivery companies, for instance, have already pledged to fully electrify their fleets by 2030 to 2035. As many have quickly adapted to online food and grocery deliveries, with the average delivery radius down to a mere 2-3 kilometers, they expect demand for short-range, efficient, and affordable EVs to flourish in the years to come.

Bounce Infinity’s FY24 revenue stood at Rs 88.7 crore, however, the company also posted a loss of Rs 79.4 crore in the same period. The company is hopeful for the year ahead, and expects its revenue to exceed Rs 100 crore in FY25. The company is now projecting it will be EBITDA-positive by the end of this financial year, signalling a possible turnaround in its financial health.

With this announcement, Bounce Infinity’s long-term vision of taking a massive leap forward in the gig economy space along with the electric mobility revolution, has been initiated. With flexible ownership solutions and end-to-end support, the company is leaning into this role of the one-stop mobility enabler for gig workers who are powering the on demand economy across the rapidly urbanising landscape in India.

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Sourabh Gupta

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MG’s Cyberster: India’s Upcoming Premium Electric SUV Set to Launch in July 2025

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MG Cyberster: India’s Premium Electric SUV Coming July 2025

A Bold Step Into India’s Luxury EV Market

So, MG is about to bring out something pretty cool — the Cyberster, a premium electric SUV, expected to launch around July 2025. It’s their way of stepping up in India’s electric vehicle game and offering something that’s not just green, but also stylish and packed with tech.

EVs are getting popular here, and MG wants to be part of that wave, especially for folks who want a good-looking, comfy ride that’s loaded with modern features.

Striking Design Meets Cutting-Edge Technology

We don’t have all the info yet, but the Cyberster looks sharp. Think sleek and sporty, something that’ll catch eyes on the road.

Inside, expect lots of screens, smart features, and safety tech — basically, everything you’d want to make your drive smooth and fun. Whether it’s a quick city run or a weekend escape, this car’s aiming to make every trip enjoyable.

Performance That Packs a Punch

If you’re paying for a premium electric SUV, you want it to perform, right? While details are still under wraps, MG usually doesn’t disappoint. Expect a good driving range and enough power to make driving fun.

And with fast charging, you won’t be stuck waiting around forever — a big plus for busy folks.

What the Cyberster Means for Indian Consumers

This car means more choice for buyers who want a premium EV. The market is heating up, and it’s great because it gives you options that fit your style and budget.

MG is known for giving good value, so this might be a premium ride without the crazy premium price tag.

Growing Competition: A Win for Buyers

More companies entering the EV space means the competition’s getting fierce — Tata, Mahindra, Hyundai, and now MG all want your attention.

That means better cars, better prices, and more charging stations popping up, making EVs easier to own.

MG’s Vision for India’s EV Future

The Cyberster is just the start for MG. They’re clearly aiming to be a big player in India’s EV scene by giving buyers stylish, tech-packed cars.

As India moves toward greener transport, cars like this will help make electric vehicles the new normal.

 

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Sourabh Gupta

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India’s EV Market Heats: More Players, More Competition

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India EV market competition

The Electric Vehicle Battle Is Just Getting Started

You know how things are changing fast with electric vehicles here in India? Well, it’s no longer just a couple of companies in the game. Tata and Mahindra have been leading for a while, but now Maruti, Toyota, and Hyundai are jumping in too. It’s turning into a proper race, and that’s great news for anyone thinking about buying an EV.

More players mean more choices, and when companies compete, it usually means better deals and cooler cars for us.

New Entrants Bring Fresh Energy

Maruti Suzuki is like the go-to brand for most Indian families because their cars are affordable and reliable. Now, if they start selling EVs, it’s going to make electric vehicles a lot more reachable for everyday folks.

Then you have Toyota and Hyundai, which have been working on electric cars globally for years. They’re bringing that know-how to India, which means better technology and cars designed to handle our roads and conditions.

This fresh blood is going to push everyone to do better, which is a win for all of us.

What This Means for Consumers

For buyers, this is the best time to consider an EV. You’ll get a wider choice of vehicles — from simple and affordable models to fancy ones packed with features.

Also, with so many companies competing, expect better batteries that last longer, faster charging times, and prices that won’t scare you away.

Charging stations will become more common, making it easier to own and use an EV without stress.

Challenges for Established Players

Tata and Mahindra have done well so far, but now the heat’s on. They’ll need to keep improving their cars and customer service to stay ahead.

More competition means prices might get friendlier, and cars will keep getting better, which is good news for everyone.

The Road Ahead: A Win for India’s Green Future

All this competition will speed up EV adoption, which means cleaner air and less pollution.

With more companies investing in EVs, we’ll see more charging points, better batteries, and more jobs related to green technology.

The future looks electric, and it’s shaping up to be an exciting ride.

 

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Sourabh Gupta

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Tata Motors Sets Sights on Dominating 50% of India’s EV Market

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Tata Motors Aims for 50% Share of India’s EV Market

A Bold Ambition in a Growing Industry

Tata Motors isn’t just aiming to be in the EV race — they want to lead it. A recent ET Auto report says Tata wants to grab half of India’s electric vehicle market, which is a pretty big deal.

India’s EV scene is growing fast. More people are thinking about electric cars because petrol prices keep climbing, and folks want cleaner air. With all this happening, Tata’s shooting for the top spot, wanting to hold a massive share of the market.

Where Tata Motors Stands Today

Right now, Tata is the go-to name when it comes to EVs in India. The Nexon EV is one of the best-selling electric SUVs in the country. They’ve also got other models like the Tiago EV and Tigor EV that cover different budgets and needs.

But Tata knows it can’t just sit back and relax. Other brands like Mahindra, MG, and Hyundai are also pushing hard. Tata’s got to keep coming up with new stuff and get better if they want to stay ahead.

How Tata Plans to Achieve Its 50% Goal

So, how do they plan to take over half the market? They’ve got a few things lined up:

Expanding Its EV Lineup

Tata’s working on some cool new electric cars like the Harrier EV, Curvv EV, and the fancy Avinya. These options will give customers more choices, whether they prefer something small and practical or large and luxurious.

Building More Charging Stations

One of the biggest worries about EVs is charging. Tata’s working with Tata Power to set up more chargers across cities and towns. The easier it is to charge, the more people will want to buy EVs.

Making Batteries in India

Batteries are the priciest part of EVs, and importing them adds to the cost. Tata wants to make batteries right here in India, which should help bring prices down.

Going After Fleets and Government Buyers

Tata’s not just focusing on people buying cars for themselves. They’re also selling EVs to taxis, delivery companies, and government fleets. That’s a smart move because these buyers buy in bulk.

Challenges Ahead

It won’t be a smooth ride, though. Tata still has some bumps to cross:

  • Battery supply might not always keep up with demand.
  • Other companies are catching up fast.
  • Not all towns have enough charging points yet.
  • Convincing people outside cities to switch to EVs takes time.

The Road Ahead

Tata wants to own half of India’s EV market, and while that’s a huge goal, they have the right plan and the brand to pull it off. For buyers, this means better cars and more choices soon. For India, it’s a cleaner, greener future.

 

Article By
Sourabh Gupta

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