Kazam Electrifies with Outstanding $8M Funding Round Empower
E-mobility startup Kazam raises an additional $8 million to spur growth. The Series A3 round was led by Vertex Ventures Southeast Asia and India. With participation from returning investors Avaana Capital and Alteria Capital, as well as other strategic backers. With this fresh infusion, Kazam will be powered to change the electric vehicle charging landscape.
Kazam Expands Electric Charging Empire with New Funding
Building on its previously raised $11.4 million with Avaana Capital Advisors and other investors, Kazam will now accelerate its growth. With an additional $8 million in Series A3 funding. The most recent investment shall be utilized toward increasing Kazam’s technological muscle. Further enriching its platform offerings, and building scale in the markets.
It will thus be dedicatedly working toward changing the electric vehicle charging ecosystem and creating a niche in the industry.
Revolutionizing EV Charging with Smart Solutions
Kazam, founded in 2020 by Akshay Shekhar and Vaibhav Tyagi, is at the forefront of the electric vehicle revolution. Its software platform aims to uncomplicate complexities in EV charging infrastructure and provide smart, affordable solutions to charge-point operators, fleet operators, and electricity grids.
In fact, its holistic approach spans from grid energy management to powering electric vehicles and fleet operations, essentially covering end-to-end in the e-mobility value chain.
Charging Solutions Power Up India’s EV Landscape
The company is driving the adoption of EVs in India through its versatile software platform. The Bengaluru-based startup provides a wide charging solution for two-wheelers, commercial EVs, three-wheelers, city buses; today, it supports more than 25,000 charging points across the country. I
In fact, its newest offering, LEV-DC—a fast-charging solution for electric two-wheelers and three-wheelers—is a game changer that can charge 80% in only 20 minutes. Kazam is growing its footprint rapidly to make electric mobility more accessible and convenient for Indian consumers.
Kazam Builds Strong Partnerships to Accelerate EV Adoption
The company is developing strategic partnerships or alliances that will bring extended reach and greater impact on the electric vehicle ecosystem. The company has had key strategic integrations with top giants of the industry such as BigBasket, Zypp, and Mahindra Logistics, among others, in the logistics space.
This now translates to over 25,500 EV charging devices across the country, enabling over 1 million transactions in the last one year. The list of its influence in major vehicle OEMs ranges from Bajaj to Ather, TVS, Hero MotoCorp, Mahindra, and Ultraviolette, further consolidating itself as one of the major frontrunners in the electric mobility space.