Argus Partners | View firm profile
Argus Partners is pleased to announce that it has advised Accel on its Series F investment in Bounce (WickedRide Adventure Services Private Limited), a full-stack B2B electric vehicle rental platform focused on last-mile delivery for India’s gig economy.
Bounce has raised INR 36 Crore in this round, from its existing investors B Capital, and Accel.
Founded in 2014 by Vivekananda Hallekere, Anil G., and Varun Agni, Bounce began as a bike rental platform before pivoting to electric scooter manufacturing following its acquisition of 22Motors in 2021.
The fresh capital will be used to support Bounce in its next growth phase, to scale EV infrastructure for India’s gig economy, focused on last-mile delivery.
The team at Argus Partners advising Accel consisted of Anantha Krishnan Iyer (Partner), Shubham Tiwary and Nivrithi Kumar (Associates).
Read more at: Inc42.