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Post-Budget Quote – Bounce Battery Swapping Policy For Electric Two Wheelers

Post-Budget Quote - Bounce Battery Swapping Policy For Electric Two Wheelers 1

Mr. Vivekananda Hallekere, CEO & Co-Founder, Bounce, said “We welcome Honourable Finance Minister’s progressive vision to facilitate faster adoption of electric vehicles in the country. With the Budget 2022 -2023 announcement on bringing out a robust battery swapping policy, this is a vindication of the path that we have pioneered for Bounce. Government and policymakers have recognised battery swapping as the most effective solution to accelerate EV adoption in India by addressing range anxiety and hesitancy in adoption as well as considering the pragmatic aspects of setting up charging infrastructure – for instance, space constraints in urban areas for dedicated charging stations. We believe this move can enable affordable and clean mobility at scale. At Bounce, we are nearing a million battery swaps already and the Hon’ble Finance Minister’s announcement ties in with our vision that clean, affordable mobility is a fundamental right.”

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