Baaz Bikes Aims Expansion To Scale Its EV Ecosystem The startup has closed Series A funding round and a substantial part of the funding will be deployed towards the refinement and enhancement of Baaz's product portfolio

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.


A full-stack EV ecosystem tailored for gig workers, Baaz Bikes (ElecTorq Technologies), announced the completion of its Series A funding round. It secured a total of $8 million, the round was led by Singapore-based BIG Capital, with participation from Rakuten Capital, Japan-based Rakuten Group's venture capital arm, along with existing investors like Kalaari Capital, 9Unicorns and Sumant Sinha.

"We are excited to announce the successful completion of our Series A round, marking another pivotal moment in our journey. This not only validates our mission to empower gig workers but also propels us to new heights where we can make a broader impact. As champions of sustainable mobility, our vision revolves around delivering high-quality products and nurturing an advanced ecosystem that prioritizes safety and rider satisfaction. We take immense pride in ensuring every product and service we offer is meticulously crafted in-house to address key concerns like range anxiety, charging accessibility, and operational efficiency," said , Anubhav Sharma, CEO, Baaz Bikes.

"We are delighted to join Baaz Bikes in its journey to empower the gig workers earn better livelihood with a solution that is both robust and rugged to tackle the infrastructure challenges that hinder widespread adoption of EV solutions. We are firm believers that EV adoption can only be done in a closed loop environment given the constraints of charging infrastructure; in this regard Baaz Bike has the perfect solution to maximize asset and infrastructure utilization," said, Preetinder S Panjrath, CFO, BIG Capital.

Baaz Bikes is transforming the gig economy with its electric scooters and a cutting-edge automated battery swapping Infrastructure known as Baaz Swap. Currently, Baaz is already live in the South Delhi region. In the next 12 months, Baaz will expand its footprints throughout Delhi and NCR region by amplifying its Baaz Swap Infrastructure, promising an even wider accessibility for gig workers. A substantial part of the funding will be deployed towards the refinement and enhancement of Baaz's product portfolio, with a steadfast commitment to keeping the EV ecosystem at the forefront of technological innovation.

Entrepreneur Staff

Entrepreneur Staff


Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Related Topics


Here's What Entrepreneurs Expect from RBI Guidelines for P2P Lending Platforms

Some entrepreneurs think it will provide legal sanctity to P2P lending platforms


7 Ways to Create a Seamless Marketing Campaign Across All Platforms

Achieving cross-platform harmony requires strategic goal-setting, customized content optimization, and a mix of paid and organic efforts.

Business Ideas

55 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.


The Miley Cyrus Approach To Marketing — Why It's a Radically Different Method For Achieving Brand Impact

In case you missed it, Miley Cyrus recently won her first Grammy. In her acceptance speech, she told a story that is a great learning lesson for business owners and marketers alike, especially those who find themselves burned out and exhausted in this current environment.

Business News

Who Owns The Rights to Your AI-Generated Content? Not, It's Not You. Uncover The Scary Truth That Puts AI Users At Risk.

The realization that copyright laws do not protect AI-generated material might come as a shock to many.

News and Trends

Nvidia Becomes World's Third Largest Company

This positions Nvidia only third behind tech giants such as Microsoft and Apple