Baaz Bikes has secured $8 million in series A funding round. BIG Capital spearheaded the funding round, with involvement from Rakuten Capital, and ongoing support from existing investors including Kalaari Capital, 9Unicorns, and Sumant Sinha.
A significant portion of the funding will be allocated towards enhancing and expanding Baaz’s product portfolio and for adding more battery swapping stations, underscoring a dedication to maintaining forefront technological innovation within the EV ecosystem.
Presently, the company is active in South Delhi, and within the next 12 months, it aims to expand its presence across the Delhi and NCR region.
