Investment of B Capital in Series E fund raise of Wickedride Adventure Services Private Limited (Bounce)

  • Deal
  • March 27, 2024

JSA advised B Capital in its primary investment in Series E fund raise of Wickedride Adventures Services Private Limited (“Bounce”). Bounce is a Bengaluru based e-mobility start-up focused on electric scooter and swappable-batter business. Its long term e-mobility plans include building a battery-swapping network which would allow Bounce to sell scooters without a battery, sharply cutting down the price tag.

Series E fund raise involved structuring to adjust the inter se shareholding of the investors, in compliance with applicable RBI rules & regulations, and other applicable laws.

Our Transaction Team Comprised Lead Partner – Manvinder Singh, Partner – Anant Mishra, Senior Associate – Archi Roy and Associate – Parnik Saxena.