Venture Debt Funding for Delhi-Based EV Startup
Baaz Bikes, operated by ElecTorq Technologies, has secured venture debt funding from Alteria Capital Fund. The investment amount remains undisclosed. Khaitan Legal Associates represented Baaz Bikes in this transaction.
The legal team from Khaitan included Senior Associate Sanjana Dasgupta and Associate Surbhi Burman.
About Baaz Bikes
Baaz Bikes, headquartered in Delhi, is focused on developing a comprehensive electric vehicle (EV) ecosystem specifically tailored for gig economy riders. The company aims to enhance the efficiency and sustainability of last-mile delivery and other gig-based services through its innovative EV solutions.
About Alteria Capital
Alteria Capital is a leading venture debt fund in India, providing financing solutions to high-growth startups. The firm offers flexible debt capital to companies at various stages of development, enabling them to scale their operations without diluting equity. With a focus on sectors such as technology, healthcare, consumer brands, and electric mobility, Alteria Capital supports the growth of innovative companies with strategic funding and industry expertise.
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