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§ Private Profile · Mumbai, India
Agnostic EV charging platform providing hardware and software for electric vehicle charging infrastructure in India and Southeast Asia.
Kazam, based in Bengaluru, India, develops software and hardware solutions for electric vehicle charging infrastructure, operating an agnostic EV charging platform serving individual drivers, fleet operators, and venue hosts. The company provides charging station hardware, energy management software, and a mobile app, having powered over 25,000 charging stations across India and enabled 111+ GWh of energy for 1,000+ operators. Kazam has raised $14.3 million in equity funding across eight rounds, achieving a post-money valuation of $23.8 million as of July 2024, with investors including Avaana Capital, Alteria Capital, and Vertex Ventures. With approximately 160 employees as of August 2024, the company is expanding into Southeast Asian markets, including Malaysia, Thailand, and Indonesia. Kazam was founded in December 2020 by Akshay Shekhar and Vaibhav Tyagi.
Kazam has raised $18.0M across 3 funding rounds.
Kazam has raised $18.0M in total across 3 funding rounds.
Kazam has raised $18.0M across 3 funding rounds. Most recently, it raised $6.0M Series B in June 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 1, 2025 | $6M Series B | — | Avaana Capital | Announced |
| Aug 1, 2024 | $8M Series A | — | Avaana Capital | Announced |
| May 1, 2023 | $4M Series A | — | Avaana Capital | Announced |
Kazam is an electric vehicle (EV) infrastructure company founded in 2020 and headquartered in Bangalore, India, specializing in integrated hardware and software solutions for EV charging and battery swapping, primarily for 2-, 3-, and 4-wheeler vehicles.[1][2][3] It builds a hardware-agnostic platform including IoT-based smart charging stations, charge management software (CMS), a unified user app, roaming services, and battery swapping management systems (BSMS), serving charge point operators (CPOs), vehicle OEMs, EV fleets, utilities, residential communities, and individual users.[1][2][5] Kazam solves the lack of smart, affordable, and scalable charging infrastructure in emerging markets—especially for 2- and 3-wheelers, which dominate 80% of India's EV market—by enabling load balancing, real-time analytics, predictive maintenance, and interoperability across OCPP-compliant chargers, while promoting zero-emission mobility with over 5 million charging sessions across 80 cities in 10 countries.[1][4] The company has raised $12.54M in funding up to Series A-III stage, demonstrating strong growth momentum in the e-mobility sector.[2]
Kazam was founded in 2020 by a team of environmental enthusiasts with expertise in solar, energy, and consumer goods, including IITians who design and produce "Made in India" chargers.[3] The idea emerged from the need to democratize EV infrastructure in India, where most EVs are 2- and 3-wheelers lacking holistic charging solutions, prompting the development of India's first IoT-based smart charging stations for diverse locations like apartments, offices, malls, restaurants, and kirana stores.[1][3][4] Early traction came from in-house hardware production and partnerships like Meissa Reeve and RV Solutions, enabling B2B and B2C solutions with features like real-time analytics and all-weather resistance; the company quickly expanded to park+charge facilities and public stations, addressing energy management gaps.[3] Pivotal moments include securing $12.54M in funding, including an $8M round 10 months prior to mid-2025, and recognition as a global innovative energy startup.[1][2]
Kazam rides the global e-mobility wave, particularly the surge in 2- and 3-wheeler EVs in emerging markets like India, where these vehicles comprise 80% of EVs but lack infrastructure, amplified by government pushes for electrification and net-zero goals.[1][4] Timing is ideal amid falling battery costs, policy incentives for public charging, and urban demand for destination charging at malls and stores, positioning Kazam to capture the "Charging as a Service" market projected to grow significantly by 2035.[2] Market forces favoring it include interoperable networks, smart grid integration, and funding for EV infra in developing regions, where Kazam influences the ecosystem by enabling CPOs, OEMs, and fleets to scale zero-emission adoption, reducing emissions via optimized energy use.[1][5] As a Third Derivative portfolio company, it accelerates climate innovation in transportation and power electronics.[4]
Kazam is poised for explosive growth by expanding its hardware-agnostic platform globally, targeting more fleets, utilities, and solar-integrated stations amid rising EV adoption in Asia and beyond.[1][5] Trends like AI-driven energy management, 15-minute charging rivals (e.g., Exponent Energy), and interoperable roaming will shape its path, potentially boosting its 107K+ user base and funding trajectory post-Series A-III.[2][5] Its influence may evolve from India-focused innovator to a leading enabler of clean mobility ecosystems, influencing standards and reducing urban emissions at scale—cementing its role as the fueling pump of the future.[3]
Kazam has raised $18.0M in total across 3 funding rounds.
Kazam's investors include Avaana Capital.