Baaz Bikes raises $2 mn in funding round led by Kalaari Capital

Baaz says it aims to solve the critical problems faced by gig delivery workers, i.e., long range requirements, rising petrol costs, lack of capex to buy bikes and heavy downtime due to maintenance

Baaz Bikes (ElecTorq Technologies) on Tuesday announced that it has received $2 million in Pre-Series A led by Kalaari Capital. Existing Investors like AdvantEdge, 9Unicorns and Sumant Sinha (CMD of Renew Power) also participated in this round. The company’s focus is to become a mobility platform that provides gig delivery workers access to its in-house designed cost-efficient EV ecosystem (Baaz Bikes and Baaz Swap Network). Baaz aims to solve the critical problems faced by gig delivery workers, i.e., long range requirements, rising petrol costs, lack of capex to buy bikes and heavy downtime due to maintenance.

"Aimed at assisting gig workers