A Series A funding round led by Big Capital, based in Singapore, has raised $8 million for Baaz Bikes, an electric vehicle ecosystem catering to gig workers.
NineUnicorns, Kalaari Capital, and Rakuten Capital were among the participants in the round. In February of last year, Kalaari led the $2 million Baaz Bikes Pre-Series A round.
The new funding will be used to improve and expand product offerings, with a primary focus on safety and scalability in the gig economy.
Baaz Bikes was founded by Anubhav Sharma and Shubham Srivastava. It offers gig workers at companies like Zomato, Zepto, Swiggy, and Amazon subscription-based scooters. Several battery changes are covered by the subscription each month.
At the moment, the platform serves more than 30 swapping stations and more than 500 drivers in the South Delhi area. It intends to increase its presence in the Delhi and NCR region over the next 12 months.
Its rivals include eBikeGo, Bounce, Fae Bikes, Yulu, and Zypp Electric.
