Bangalore-based Bounce on Thursday priced its first electric scooter at as low as 36,000 Indian rupees ($480), considerably undercutting the heavily-backed rival Ola as the mobility war intensifies in the world’s second most populous nation. The startup, backed by B Capital and Falcon Edge, launched its first electric scooter called the Bounce Infinity E1 that…

Bounce’s first electric scooter features swappable battery, costs less than $500