We say upfront because the cash you put down for the E1 and ride one away from the dealership is vastly different from any other vehicle ownership.
There are two ways to own the Bounce Infinity E1. You either pay a full amount of ₹69,999 (Maharashtra ex-showroom) and take home the bike with a removable battery and its charger.
The other way is you pay a reduced amount and only take home the bike. Although you cannot start the EV without a battery right? Smart observation dear reader. Here’s where the battery-as-a-service subscription model jumps into your monthly billing cycle.
There are two battery subscription models. If you opt to pay ₹57,999 (Maharashtra ex-showroom) for the bike then the subscription price is ₹849 per month. Option 2 is ₹46,099 (Maharashtra ex-showroom) for the bike and you pay ₹1,249 per month for the battery subscription.
Both subscription models will give you access to Bounce’s swappable battery stations located around the major cities. Every battery swap will dent a ₹35 to your pocket. The value per battery swap can drop below ₹35 depending on the area, city and state but Bounce says it won’t go above ₹35 for now. Hold on to that calculator for now because the battery swap stations are not yet deployed in most cities and we didn’t even get access to the app which gives you useful features like geofencing, real-time tracking and battery swap station locations.