India: Bounce snags $6.5m from InnoVen for EV integration, expansion

App-based two-wheeler rental startup Bounce has raised $6.5 million from venture debt investor InnoVen Capital, taking its total debt funding from the latter to around $12 million. This is InnoVen’s third investment in Bounce in a span of 18 months.

The fresh funding will be used for electric vehicle (EV) integration, geographical expansion, and for operations, the company said on Monday.

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