Baaz Bikes: Full-Stack Electric Vehicle Ecosystem for Gig Workers
Baaz Bikes is positioned as a full-stack electric vehicle ecosystem catering to gig workers. The organisation is preparing to initiate its Series B funding round, which will be led by BIG Capital, alongside participation from existing investor Kalaari Capital and Aravind Sanka. The board has approved the issuance of 6,105 Series B preference shares, each priced at Rs 75,716, aimed at raising Rs 46.22 crore, as revealed in regulatory filings obtained by Startup Superb.
Funding Contributions from Major Investors
In this funding round, BIG Capital is set to make a significant investment of Rs 38 crore. Kalaari Capital plans to contribute Rs 8 crore, while the remaining funds will be invested by Aravind Sanka. This Series B round appears to be part of a broader fundraising strategy, with the potential for additional capital inflow as it progresses.
Valuation and Future Projections
Startup Superb estimates this transaction values Baaz Bikes at approximately Rs 325 crore (around $34 million) on a post-money basis. This valuation may fluctuate if further capital is raised during this ongoing funding round.
Utilisation of Fresh Funds
The proceeds from this funding will be allocated for capital expenditure, product development, and working capital needs, according to the company’s filings. Baaz Bikes aims to expand its operations and enhance its service offerings in the electric mobility space.
About Baaz Bikes
Founded by Anubhav Sharma and Shubham Srivastava, Baaz Bikes operates a comprehensive electric mobility platform dedicated to gig workers. The company offers electric scooters on a subscription basis for delivery partners associated with platforms such as Zomato, Swiggy, Zepto, and Amazon. Their subscription model includes various battery swaps, allowing delivery partners to bypass the initial purchase costs associated with electric vehicles.
Previous Funding Rounds
Prior to this current Series B round, Baaz Bikes successfully raised around $12 million (approximately Rs 100 crore), including an extended Series A funding round in July 2025. The company is strategically aligning itself with the increasing demand for electric two-wheelers, particularly in the last-mile delivery sector where partners require cost-effective and dependable mobility solutions.