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FAME-II Scheme Extended To July 2024 To Support Electric Vehicle Industry. (Representative image)The FAME-II plan was launched in 2019 with a three-year budget outlay of Rs 10,000 crore.For the electric vehicle (EV) industry, the Centre has extended the Faster Adoption and Manufacturing of Electric Vehicles (FAME-II) scheme.The scheme, which was supposed to end on March 31, 2024, has been extended until July 31, 2024, by four months.Business Standard reported that the goal of this extension is to avoid any interruptions…

Electric scooter maker Bounce said on Friday it had let go about 4% of its workforce. This is a new round of layoffs at the company after its shared mobility business took a hit soon after the Covid-19 outbreak in 2020, leading to multiple rounds of employee terminations in 2020 and 2021. “We did go through an internal restructuring and had to let go of a few folks. Less than 4% to be precise,” a spokesperson for Bounce said. It did not disclose the number of employees that have been fired. Before the pandemic, Bounce…

Bengaluru-based electric vehicle startup Bounce announced its partnership with the central government's e-governance service delivery network CSC to strengthen its presence across rural markets. The company said under the collaboration, Bounce will sell its product offerings through the Common Service Centre (CSC) network. CSC, a special purpose vehicle of the ministry of electronics and IT, allows Village-Level Entrepreneurs (VLEs) the option to launch a rural e-store. CSC Rural e-Mobility promotes the use of EVs…

The stations will house 2Ws, 3Ws, and other OEMs, and the user can search for the nearest battery-swapping station using the Bounce app. Using the app, the customer can unlock a fully charged battery from the charging pod and switch it with the used one. The battery replacement procedure normally takes three minutes.Bounce Infinity electric scooterBounce Infinity launched its Infinity E1 EV scooter in India last year with the battery-as-a-service option. EVs with swappable batteries can quickly swap out a drained battery…