Kazam raises $6.2 million to expand EV infrastructure
The fresh capital will help Kazam expand its digital EV infrastructure offerings across markets and support the global shift towards sustainable transportation, founder and CEO Akshay Shekhar told TOI.
The latest round brings Kazam's total funding to $19.2 million, including $13 million in equity financing from earlier rounds led by Avaana Capital, Vertex Ventures, and Chakra Ventures. "Kazam is building the digital infrastructure for EVs at scale, a critical piece in the global shift to clean mobility," said Akshay Shekhar, CEO and Cofounder, Kazam.
Kazam witnessed significant growth, achieving revenues of $6 million in FY25, four times its FY24 revenues, and is targeting $12 million this fiscal year. The company onboarded over 68,000 chargers, enabled more than 5 million charging sessions, and facilitated over 45 GWh of energy, avoiding an estimated 46,000 tons of carbon dioxide. Over May, the Kazam platform powered 25 million electric kilometres across 80 cities and ten countries.
Founded in 2020, Kazam provides device-agnostic solutions for charging and battery swapping operators, OEMs, and fleet operators.
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