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§ Private Profile · New Delhi, Delhi, India
Manufactures commercial electric scooters and operates a mobility platform with battery swapping for gig economy delivery workers.
Baaz Bikes is a New Delhi, India-based manufacturer and mobility platform provider that develops custom electric scooters and automated battery swapping networks for gig economy delivery workers. The company operates a B2B and B2C subscription model targeting the last-mile logistics sector, generating revenue through commercial vehicle deployments and charging infrastructure access. After pivoting to focus exclusively on commercial delivery during the global pandemic, the enterprise expanded its operational fleet from an initial 50 pilot units to over 500 active vehicles. The firm has secured significant capital to fund its geographical expansion, including a $2 million seed round and an $8 million Series A financing backed by lead investors Big Capital, Rakuten Capital, and Kalaari Capital. Baaz Bikes was founded in 2019 by Indian Institute of Technology Delhi alumni Anubhav Sharma, Abhijeet Saxena, Karan Singla, and Shubham Srivastava.
Baaz Bikes has raised $10.0M across 2 funding rounds.
Baaz Bikes has raised $10.0M in total across 2 funding rounds.
Baaz Bikes has raised $10.0M in total across 2 funding rounds.
Baaz Bikes's investors include Preetinder S Panjrath, Sumant Sinha, Kalaari Capital, Nicole Jang, Vani Kola, AdvantEdge VC.
Baaz Bikes has raised $10.0M across 2 funding rounds. Most recently, it raised $8.0M Series A in December 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 28, 2023 | $8M Series A | Preetinder S Panjrath | Sumant Sinha, Kalaari Capital, Nicole Jang | Announced |
| Feb 22, 2022 | $2M Seed Plus | Vani Kola | Sumant Sinha, Advantedge VC | Announced |