Bounce Revenue, Valuation, Funding & Investors

Shanghai Phoenix Enterprise (Group) Co Ltd designs, develops, manufactures, and sells bicycles under the Phoenix brand name in China. Its production and sales of Phoenix brand bicycle products not only exported to Europe and the United States and other international markets.

Mahindra Last Mile Mobility is the Mahindra group company that houses its last-mile passenger and cargo vehicle business. The portfolio includes electric and internal-combustion three-wheelers under brands such as Treo, Zor and Alfa and small commercial vehicles including Jeeto. The business commenced as a separate operating company in 2023 after Mahindra & Mahindra transferred the relevant assets and activities. It designs, manufactures, markets and services vehicles used by drivers, fleet owners, small businesses and logistics operators for urban and regional transport. Revenue comes primarily from vehicle and parts sales, supplemented by after-sales and related services. The company has become a major Indian electric three-wheeler producer and uses institutional capital to expand manufacturing, product development, distribution and charging or service support. Mahindra & Mahindra remains the controlling shareholder.

Youon Technology Co Ltd is an international supplier and operator of urban green transportation systems. The company develops, manufactures, and sells public bicycle systems and public bicycle system information technology services. The company, through its IoT technology, provide comprehensive and three-dimensional green transportation services for the city. It is mainly specialized in public bicycles, public bicycle rental, public bicycle system, public bicycle rental system, public bicycle intelligent control system, and urban public bicycles. Geographically, the company generates the majority of its revenue from the Domestic market.

Piaggio is an Italian motor vehicle manufacturer based in Pontedera, founded by Rinaldo Piaggio in 1884, that produces two-wheeled motor vehicles and compact commercial vehicles under the Piaggio, Vespa, Aprilia, Moto Guzzi and Derbi brands. It is Europe's largest scooter and motorcycle maker, has been listed on the Italian stock exchange since 2006 and has been controlled since 2003 by the industrial holding Immsi, headed by Roberto Colaninno. The group grew through acquisitions, among them Derbi-Nacional Motor in 2001 and the Aprilia group, which owned Moto Guzzi, at the end of 2004. It reported revenue of EUR 1.994 billion in 2023 and EBITDA of EUR 250.8 million in 2025, down 12.5 percent from 2024. It manufactures in Italy, Vietnam, India and other countries and operates research centres in Pontedera and Noale.

Spironet is a Nairobi-based electric mobility company delivering customized e-bikes and scooters tailored to African markets. The firm assembles vehicles in Kenya using lithium-ion batteries and IoT-enabled controllers for fleet management in logistics, delivery, and public transport. Spironet partners with ride-hailing operators and governments in East Africa to deploy solar-charging stations, reducing urban emissions and operational costs compared to petrol alternatives.

Also is a micromobility company specializing in electric bicycles and supporting technology frameworks for small electric vehicles. Originating as a spinoff from Rivian in 2021, the Seattle-based firm targets consumer and commercial markets globally with products tailored to urban commuting, delivery services, and last-mile logistics in regions including North America and Europe.

Voi is a Stockholm micromobility operator founded in 2018 that rents shared electric scooters and bicycles in European cities. Riders use the company's mobile application to locate, unlock and pay for vehicles for short urban trips. Voi earns usage fees and sells ride passes, giving consumers an alternative to private cars for first- and last-mile travel. The company works with municipalities on licensing, parking, safety and fleet deployment and positions its service as part of the broader public-transport ecosystem. Its operating model combines connected vehicles, local fleet teams, maintenance, charging and software for managing availability and rider behavior. Voi has expanded across multiple European markets and continues to invest in vehicle durability, emissions reduction, equitable-access programs and integration with city transport systems.

Neutron Holdings Inc is a micromobility company that provides rentals of shared electric scooters (e-scooters) and electric bicycles (e-bikes) through its platform (the Rider App) to be used for short distances in various cities and municipalities around the world.

Bajaj Mobility AG is a manufacturer of premium motorcycles and two- and three-wheelers, bringing together performance-driven brands such as KTM, Husqvarna Motorcycles, and GASGAS, along with high-performance components under the WP brand. Focused on the premium segment, the company emphasizes innovation, engineering excellence, and brand positioning. Its Motorcycle segment, which generates the highest revenue, covers the development, production, and sale of motorcycles and components across international markets. The Bicycle segment, operated through PIERER New Mobility GmbH, includes brands such as Husqvarna E-Bicycles, GASGAS Bicycles, and FELT Bicycles, offering electric and conventional bikes. The company derives the majority of its revenue from Europe (excluding Austria).

TOGO is a Beijing-headquartered car-sharing operator providing minute-by-minute rentals of Smart Fortwo and Citroën C3-XR vehicles through a smartphone app. The service supports one-way point-to-point trips without fixed stations, covering fuel, insurance, parking in designated zones, and maintenance in all-inclusive rates. Active in major Chinese cities including Shanghai and Guangzhou, TOGO facilitates urban mobility for short-distance needs. Launched in 2015, it integrates with WeChat for seamless access and vehicle unlocking.

Martı is a Türkiye-based mobility technology company founded in 2019. It began with shared electric scooters and expanded into a broader urban-transport application offering ride-hailing, taxis, motorcycles, e-bikes and e-mopeds. Riders use the mobile service to find and pay for transportation, while registered drivers use the marketplace to accept trips. The company operates proprietary software and connected-device infrastructure for fleet management, payments, matching and trip operations. Martı earns revenue from ride commissions and usage charges across its mobility services. It became publicly listed on the New York Stock Exchange under the MRT ticker through a 2023 de-SPAC transaction. BECO Capital says it partnered with the company in 2019 before its Series A financing and remains its only Türkiye investment.

Yulu is a Bengaluru-headquartered micromobility provider offering dockless electric bikes and scooters for urban short-distance travel in India. Founded in 2017, the company operates in over 10 cities including Mumbai, Delhi, and Pune, with a fleet exceeding 20,000 vehicles equipped with IoT for real-time tracking and AI for demand prediction. Yulu's DeX line serves last-mile delivery for partners like Zomato and Swiggy, while battery-swapping stations ensure 24/7 availability. The service integrates with public transit systems to cut emissions in congested metros.

Berlin-headquartered TIER Mobility is a shared micromobility operator deploying e-scooters, e-bikes, and e-mopeds across more than 20 European cities. Founded in 2018, it powers vehicles with a proprietary energy network and focuses on climate-neutral operations to reduce urban car dependency.

LiveWire Group Inc is an all-electric vehicle company. It sells electric vehicles and related parts and accessories and apparel in the United States and certain international markets. The company's segment includes Electric Motorcycles and STACYC. Electric Motorcycles segment sells electric motorcycles, related parts and accessories and apparel in the United States and certain international markets; STACYC segment sells electric balance bikes for kids, related parts and accessories and apparel in the United States and certain international markets. LiveWire generates revenue from the sale of electric motorcycles, Parts, accessories and apparel. Majority of revenue is from USA.

Aima Technology Group Co Ltd is engaged in the research and development, production, and sales of electric bicycles, electric mopeds, and electric motorcycles.