Baaz Bikes, the startup specializing in electric bikes and batteries, has marked a major achievement by finalizing an $8 million Series A funding round. The funding was spearheaded by BIG Capital, a Singaporean investor, and attracted involvement from Rakuten Capital, the venture capital division of Japan's Rakuten Group. Noteworthy is the participation of current investors like Kalaari Capital, 9Unicorns, and Sumant Sinha, Chairman of ReNew, a renewable energy company, who also contributed to this funding round.

Baaz Bikes concentrates on serving gig workers and delivery staff linked with major platforms like Amazon, Zomato, and Zepto. The startup intends to utilize a significant portion of its recent funding to improve its range of products. Presently operational in South Delhi, Baaz Bikes has ambitious plans to expand its presence across the broader Delhi NCR region within the next 12 months.

Anubhav Sharma, Baaz Bikes' CEO, expressed excitement about the funding, emphasizing, "As advocates for sustainable transportation, our vision revolves around delivering top-notch products and fostering an advanced system that emphasizes safety and rider contentment. We take great pride in developing each product and service in-house to tackle critical concerns such as range limitations, accessible charging, and operational efficiency".

The startup's emphasis on electric bikes and interchangeable batteries resonates with the increasing demand for sustainable and effective transport solutions. With gig workers playing a vital role in today's delivery-focused economy, Baaz Bikes aims to meet their requirements by offering dependable and eco-friendly mobility choices. The infusion of funding is anticipated to drive Baaz Bikes towards accomplishing its expansion objectives and strengthening its position in the electric mobility industry.