EV subscription startup Baaz Bikes to raise Rs 46.22 crore Series B led by BIG Capital
The company's board has approved the issuance of 6,105 Series B preference shares at Rs 75,716 each, according to regulatory filings reviewed by Entrackr.
- Raised
- ₹46.22 Cr
- Stage
- Series B
- Status
- Reported
Baaz Bikes is set to raise Rs 46.22 crore in a Series B funding round led by BIG Capital. The company’s board has approved the issuance of 6,105 Series B preference shares at Rs 75,716 each, according to regulatory filings reviewed by Entrackr.
BIG Capital will invest Rs 38 crore, and existing investor Kalaari Capital will put in Rs 8 crore. Aravind Sanka will invest the remaining amount.
Entrackr estimates the transaction values Baaz Bikes at around Rs 325 crore ($34 million) post-money. That figure could change if the company raises more capital in the ongoing round, which appears to be part of a larger fundraise.
Baaz Bikes was founded by Anubhav Sharma and Shubham Srivastava. It operates a full-stack electric mobility platform focused on gig workers, providing electric scooters on a subscription basis to delivery partners who work with platforms such as Zomato, Swiggy, Zepto and Amazon.
The subscription also covers multiple battery swaps. That helps delivery partners avoid the upfront cost of buying an electric vehicle.
The company’s filings say the fresh proceeds will go towards capital expenditure, product development and working capital.
Before this round, Baaz Bikes had raised approximately $12 million (around Rs 100 crore), including its extended Series A in July 2025.
The company is building its business around the growing demand for electric two-wheelers in the last-mile delivery segment, where delivery partners depend on affordable and reliable mobility solutions.
