Baaz Bikes (ElecTorq Technologies) has received $2 million in its pre-Series A led by Kalaari Capital. Existing Investors like AdvantEdge, 9Unicorns and Sumant Sinha (CMD-Renew Power) also participated in this round.
Founded by Anubhav Sharma and Shubham Srivastava, Baaz Bike is a mobility platform which helps gig Workers to efficiently make deliveries with least cost by its in-house designed Cost Efficient Bikes (Baaz Bikes) provided by the Local Bike Rental Partners.
Baaz already lives in two zones of Delhi with its swapping infrastructure and its riders clocking close to 100,000 green kms every month.
The New Delhi-based startup claims that it has swapped batteries 3,000 times and has over 300 interested partners growing daily.