The startup plans to use the funding to further boost Bounce’s expansion plans
The startup planned to work on improving its delivery models and expand to other major cities across India by 2020
Bounce provides premium bike rental services
Bengaluru-based dockless two-wheeler rental service Bounce has raised $3 Mn in venture debt from venture debt and speciality lending firm InnoVen Capital. Founded as Wicked Rides in 2014 by Vivekananda HR, Varun Agni and Anil G, the company offers premium motorcycle rentals under the Wicked Rides banner, with commute bikes under the Metro Bikes label, now rebranded as Bounce.
The startup plans to use the funding to further boost Bounce’s expansion plans and establish a pan-India presence.