About Baaz
Baaz is a company based in Delhi (India) founded in 2019 by Sahil Malik, Abhijeet Saxena, Anubhav Sharma, Shubham Srivastava, and Karan Singla. Baaz has raised $13.18 million across 9 funding rounds from investors including ReNew, Alteria Capital and AdvantEdge. The company has 1 employees. Baaz operates in a competitive market with competitors including Trueno, TriEV, ionplus and EV4All, among others.
- Headquarter Delhi, India
- Employees 1
- Founders Sahil Malik, Abhijeet Saxena, Anubhav Sharma, Shubham Srivastava, Karan Singla
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Website baaz.bike
- Social LinkedIn X Instagram
- Legal Name Elec Torq Technologies Private Limited
- Date of Incorporation 14 Jan, 2019
- Jurisdiction Delhi, India
- Annual Revenue₹5.30 Cr
FY 2024 · +568% YoY
- Net Loss-₹8.47 Cr
FY 2024 · -160% margin
- EBITDA-₹7.00 Cr
FY 2024 · -132% margin
- Total Equity Funding$13.18M (USD)
in 9 rounds
- Latest Funding Round$2.29M (USD), Series A
Aug 2025
- InvestorsReNew
& 19 more
- Employee Count1
Associated legal entities of Baaz
Baaz operates through Elec Torq Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Elec Torq Technologies Private Limited CIN U29190DL2019PTC344312 | Active | 14 Jan 2019 | New Delhi, Delhi | ₹5.3 Cr | 317 | 4 | View details |
Funding Insights of Baaz
Baaz has successfully raised a total of $13.18M across 9 strategic funding rounds. The most recent funding activity was a Series A round of $2.29 million completed in August 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $13.18M
- Total Rounds 9
- Last Round Series A — $2.29M
- First Round $114,971
(Jun 2019)
- Investors Count 20
All 9 funding rounds of Baaz with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2025 | $2.29M | Series A | – | BIG Capital | |
| Aug 2024 | $18,039 | Series A | – | Alteria Capital | – |
| May 2024 | – | Debt – Venture | – | – | |
| May 2024 | $41,827 | Series A | – | Alteria Capital | – |
| Nov 2023 | $8M | Series A | – | Rakuten Capital, BIG Capital | |
| Feb 2022 | $2.01M | Seed | $5.94M | Kalaari Capital | |
| May 2021 | $500,000 | Seed | – | 100Unicorns | – |
| Apr 2021 | $206,507 | Seed | $1.44M | 100Unicorns | |
| Jun 2019 | $114,971 | Seed | $••••• | AdvantEdge, Calabasas Ventures |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2022 | $5.94M | •••••••• |
| Apr 2021 | $1.44M | •••••••• |
Last known valuation $5.94M (Feb 2022). 20 investors in total: 12 institutional and 8 angel.
Investors in Baaz
Baaz has secured backing from 20 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include ReNew, Alteria Capital and AdvantEdge.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture debt funding and structured finance for innovative startups in India. | 2018 | alteriacapital.com | Mumbai, India | |
Venture capital firm focused on technology, fintech, e-commerce, mobility platforms, and multiple sectors | – | capital.rakuten.com | Setagaya City, Japan | |
Investments in early-stage technology companies are made by Kalaari Capital. | – | kalaari.com | Bengaluru, India | |
Private equity focused on software companies | – | bigcapllc.com | Weston, United States | |
A startup accelerator offering funding and support to early-stage companies. | 2020 | 100unicorns.in | Mumbai, India | |
Venture capital funding and support for mobility and electric vehicle startups in India. | 2015 | advantedge.vc | Delhi, India | |
- | – | trifectacapital.in | - | |
Provides comprehensive web hosting services to support reliable online presence. | 2005 | nsj.co.jp | Nagoya, Japan | |
- | – | stormwateradvisors.tcc.mode | - | |
Utility-scale renewable energy generation and decarbonization solutions are provided. | 2011 | renew.com | Gurugram, India |
Investor details for Baaz
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Elec Torq Technologies Private Limited (Baaz)
Elec Torq Technologies Private Limited is the primary company behind Baaz. The board of Elec Torq Technologies Private Limited currently have 4 directors; the longest-serving is Anubhav Sharma, appointed in 2019.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anubhav Sharma DIN 08330199 | Director | 14 Jan 2019 | 7 yrs 8 mo | Elec Torq Technologies Private Limited |
| Gauransh Garg DIN 08330200 | Director | 14 Jan 2019 | 7 yrs 8 mo | Elec Torq Technologies Private Limited |
| Shubham DIN 08330201 | Director | 14 Jan 2019 | 7 yrs 8 mo | Elec Torq Technologies Private Limited |
| Banda Vamshi Krishna Reddy DIN 00458827 | Nominee Director | 08 Nov 2023 | 2 yrs 11 mo | Elec Torq Technologies Private Limited |
People of Baaz
11 people are tracked at Baaz (8 in leadership, 3 in team); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
Sahil Malik | Co-Founder | Leadership |
Abhijeet Saxena | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership | |
Shubham Srivastava | Co-Founder | Leadership |
Karan Singla | Co-Founder | Leadership |
| Director | Leadership | |
Parimeya Ranadive | Chief Product Officer | Leadership |
Aishwarya Agrawal | Head Of Software Engineering | Leadership |
Arpit Ujjwal | Lead Web Developer | Team |
Anish Maji | Visual Designer | Team |
Vikas Kumar Chopra | Sourcing Lead | Team |
Complete people profiles for Baaz
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Baaz
Figures of Elec Torq Technologies Private Limited, the primary company behind Baaz, for FY 2024. Revenue was ₹5.30 Cr (+568% year on year). Net loss was -₹8.47 Cr (-160% margin). EBITDA was -₹7.00 Cr (-132% margin). Revenue has grown at a compounded annual rate of +98% over three years.
- ₹5.30 CrRevenue · FY 2024 · +568% YoY
- -₹8.47 CrNet loss · -160% margin
- -₹7.00 CrEBITDA · -132% margin
- ₹4.5 LakhPaid-up capital
- 317Employees (provident fund records)
- +98%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Elec Torq Technologies Private Limited are on its company page.
Detailed financial statements for Baaz
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Timeline of Baaz
4 dated milestones of Baaz across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Baaz is founded.
- Funding First funding round of $115K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $2.3M.
Competitors of Baaz
Baaz operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Trueno, TriEV, ionplus and EV4All, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| gotrueno.com | 2020 | Mumbai, India | $89,066 | – | Electric scooter subscriptions are offered through an app-based platform. | |
| triev.in | 2022 | Varanasi, India | $21,638 | – | Electric vehicle subscription platform | |
| ionplus.in | 2022 | Ahmedabad, India | – | – | Operates an app-based platform for electric scooter rentals. | |
| ev4all.in | 2020 | Noida, India | – | – | An online platform for subscription-based electric two-wheeler rentals. |
Detailed competitors of Baaz
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Baaz
The website of Baaz (baaz.bike) receives about 3.5K visits a month.
- Monthly visits3.5K
▼ 47.6% vs previous month
Latest news on Baaz
Complete news archive for Baaz
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Similar companies to Baaz
10 companies that operate in the same segment as Baaz (Electric & Green Mobility), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765.74 M | – | – | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.71 B | – | – | |
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | – | – | |
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.15 M | USD 391.37 M | 1,620 | |
App-based platform offering electric kick scooter rental services | 2018 | Amsterdam, Netherlands | USD 211.85 M | – | – | |
Electric vehicles are manufactured and developed by Polestar. | 1996 | Goteborg, Vastra Gotaland, Sweden | USD 550 M | USD 3.06 B | 2,550 | |
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 1,247 | |
Multi-category electric vehicles are manufactured for diverse applications. | 1999 | Bedford, United States | USD 101.78 M | – | – | |
Autonomous aerial vehicles are provided for consumer and commercial uses. | 2014 | Guangzhou, Guangdong, China | USD 94 M | USD 58.15 M | 483 |
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Frequently Asked Questions about Baaz
Baaz was founded in 2019.
Baaz is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Anubhav Sharma is the current CEO of Baaz. They have also founded this company.
Baaz is a funded company, having raised a total of $13.18M across 9 funding rounds to date. The company's 1st funding round was a Seed of $114.97K, raised on Jun 2019.
Baaz has 1 employees.
The primary company behind Baaz, Elec Torq Technologies Private Limited, reported revenue of ₹5.30 Cr for FY 2024, up 568% year on year.
Baaz was founded in 2019 and is headquartered in Delhi, India. A mobility platform is operated to support gig workers in performing efficient last-mile deliveries using electric scooters. Services focus on sustainable urban logistics within the transportation sector, enabling access to eco-friendly vehicles for delivery operations across Indian cities. Key leadership includes co-founders and a director overseeing platform development and expansion.
Baaz has 20 investors. Key investors include ReNew, Alteria Capital, AdvantEdge, 100Unicorns, and Rakuten Capital.
The valuation of Baaz is $5.94M as of Feb 2022.
Baaz operates through Elec Torq Technologies Private Limited.
The legal entities of Baaz currently have 4 directors, including Anubhav Sharma, Gauransh Garg, Shubham and others.