Kazam Secures $6.2 Million in Series B Funding

Bengaluru-based EV energy-tech platform Kazam has successfully garnered $6.2 million in Series B financing from the International Finance Corporation (IFC), along with support from current investors Vertex Ventures Southeast Asia & India and Avaana Capital. Startup Superb had previously reported on this Series B round.

This funding round has elevated Kazam’s total investment to $19.2 million, which includes $13 million in equity raised from earlier rounds led by Avaana Capital, Vertex Ventures, and Chakra Ventures.

The capital infusion is intended to power Kazam’s expansion into various markets while providing tools for energy transition to boost the adoption of sustainable mobility, as mentioned in a press release by the company.

About Kazam

Founded in 2020 by Akshay Shekhar and Vaibhav Tyagi, Kazam is establishing a versatile digital infrastructure platform. This platform empowers EV charging and battery-swapping operators, vehicle original equipment manufacturers (OEMs), fleets, and power utilities to efficiently manage and analyse their charging assets.

Impressive Platform Metrics

Kazam’s platform has reportedly onboarded more than 68,000 chargers and has facilitated over 5 million charging sessions to date.

Additionally, Kazam’s revenue experienced a remarkable growth of 4X, jumping from $1.5 million in FY24 to $6 million in FY25. The company is now aiming for a revenue target of $12 million with a positive EBITDA this fiscal year.

Key Partnerships

Kazam collaborates with notable companies such as BigBasket, Zypp, Mahindra, Bajaj, Ather, TVS, Hero MotoCorp, and Ultraviolette.