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These entrepreneurs are turning their fleet into e-scooters after Covid hit

A few months before the coronavirus pandemic outbreak, Bounce had become the world's fastest-growing bike-sharing firm, doing 120,000 rides per day. Last January, the Bengaluru-based firm’s valuation crossed $500 million after it raised $105 million in funding from investors such as Facebook co-founder Eduardo Saverin's B Capital and Accel Partners. It was scaling on par with global players, including US-based scooter-rental companies Lime and Bird. It had plans to expand in the country and also get into markets abroad. However, the Covid-19 pandemic pounded the mobility in.....

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