Kazam Secures $8 Million in Series A3 Funding Led by Vertex Ventures to Accelerate E-Mobility Expansion

Date:

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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Salud Beverages: Redefining the Ready-to-Drink Segment with a Bold Urban Lifestyle

Interview of Ajay Shetty, CEO & Founder of Salud...

Country Delight Secures Rs 200 Crore Debt Funding from Alteria to Fuel Expansion.

Country Delight, a Gurugram-based dairy and daily essentials D2C...

Hala Mobility Secures Rs 51 Crore in Pre-Series A Funding to Expand Urban EV Fleet

Hala Mobility, an EV-as-a-Service platform, has successfully raised Rs...

Bipin Shah, Former Titan Capital Partner, Launches Founder-Focused Micro VC Firm Zeropearl

Bipin Shah, previously the managing partner at Titan Capital,...