apital, Alteria Capital, and other prominent investors.
This new capital injection follows Kazam’s previous raise of $11.4 million from Avaana Capital Advisors and others. The funds will be directed towards strengthening Kazam’s technology and product development teams, expanding its platform offerings, and increasing its market presence.
Founded in 2020 by Akshay Shekhar and Vaibhav Tyagi, Kazam offers a sophisticated EV charging software platform designed to build smart and affordable EV charging networks. The company’s technology aims to simplify EV infrastructure with a comprehensive suite of software and hardware solutions, catering to charge point operators, fleet operators, and electricity grids. Kazam’s mission is to digitize the entire e-mobility value chain, encompassing grid energy management, EV fueling, and fleet operations.
Kazam’s platform supports a wide array of vehicles, including two-wheelers, commercial electric vehicles (CEVs), three-wheelers, and city buses, with over 25,000 charging points currently in operation. Recently, the company introduced LEV-DC, a fast-charging solution for electric two-wheelers and three-wheelers, capable of charging an electric scooter up to 80% in just 20 minutes.
In the past year, Kazam has collaborated with major players like BigBasket, Zypp, and Mahindra Logistics, facilitating over 1 million transactions and integrating more than 25,500 EV charging devices. The company’s network extends to key vehicle OEMs such as Bajaj, Ather, TVS, Hero MotoCorp, Mahindra, and Ultraviolette.
This latest funding round positions Kazam to enhance its capabilities and drive further growth in the burgeoning e-mobility sector.
