Bounce pledges to join EV100 initiative to have a 100% EV fleet by 2030

Bangalore, September 26, 2019: Bounce, world?s fastest-growing smart mobility player, today joins The Climate Group?s EV100 initiative and pledges to transition to a 100% EV fleet by 2030. Bounce is one of the 20+ companies to be part of this initiative. Bounce signed into the EV100 initiative at the Climate Week NYC as part of its sustainable growth mission. The company anticipates its fleet to be close to 2 million vehicles by 2030.

Climate Week NYC 2019 is being run in coordination with the UN and the City of New York, Climate Week continues to grow as the time and place for the world to showcase amazing climate action and discuss how to do more. Climate Week NYC opened alongside the UN Climate Action Summit where PM Narendra Modi and other global leaders joined to make plans to push for clean green energy sources. The Government of India has always been committed to reducing its carbon footprint by promoting the adoption of renewable sources of energy and electric vehicle through incentives. In accordance with this Bounce, is targeting to increase their EV fleet and reduce emissions to create sustainable mobility.

Jarnail Singh, India Director at The Climate Group said: ?We are excited to have Bounce on board EV100 and we hope this will encourage other companies to follow suit and pave way for cleaner transportation in the country. With the government providing exceptional support to electric mobility, companies should join in and accelerate change. Not only does electric mobility play a crucial role in reducing emissions, it also makes business sense. The Climate Group will continue encouraging businesses to take ambitious decisions to accelerate climate action.\"

Commenting on this development, Vivekananda H R, Co-Founder and CEO, Bounce said, ?Our aim is to provide clean, convenient and affordable commute options and to achieve this we are working towards electrifying a sizable portion of our fleet in the coming months. We are passionate about driving an ecosystem shift not just by ethical and sustainable options, but also by being a holistic solution provider in the Electric Vehicles space. Our EV vision ties into the Climate Groups? initiative to accelerate EV adoption globally. Through EV100, we can come together in a more structured and impactful manner to harness our collective strengths to propel sustainable transportation?

About EV 100:

EV100 is a global initiative by The Climate Group bringing together forward-looking companies committed to accelerating the transition to electric vehicles (EVs), to make electric transport ?the new normal? by 2030. Electric transport offers a major solution to climate change, as well as curbing air and noise pollution. Businesses can lead through their investment decisions and influence on millions of staff and customers worldwide. By joining EV100 they increase demand, drive mass roll-out, and make electric cars more rapidly affordable for everyone. Visit theclimategroup.org/EV100

About Bounce:

Bounce is India\'s first smart dockless urban mobility solution with a mission of making daily commute stress-free, time-saving, reliable and convenient. Founded in 2014 by Vivekananda H.R., Anil G and Varun Agni, this Bangalore based start-up aims to decongest the roads by encouraging commuters to choose public transport and provide a seamless first/last mile connectivity. With its patented key-less technology, Bounce users can pick-up/drop the bikes, bicycles or electric bikes anywhere in the city at any time. The company does about 150k+rides on a week on week basis. With strong presence in Bangalore & Hyderabad, the company looks to expand to other cities as well.

Company :-Verbly Integrated Communications

User :- Athira Radhakrishnan

Email :-athira@verblyinc.com

Mobile:- 9513837107