Kazam, an emobility player, today, raises USD 8 million in its Series A3 funding round, led by Vertex Ventures Southeast Asia and India. The funding round also saw participation from Avaana Capital, Alteria Capital, and several other notable investors.
With the fresh influx of capital, Kazam plans to bolster its technology and product teams, enhance its platform offerings, and expand its market presence.
“We are thrilled to have the support of Vertex Ventures SEA & India and our other esteemed investors as we continue our mission to democratise and digitise EV infrastructure,” said Akshay Shekhar, Co-Founder and CEO of Kazam. “We have grown 10x on our monthly transactions and EV km fuelled in the last 12 months. This investment will enable us to accelerate our growth, innovate further, and maintain our leadership position in the e-mobility sector.”
Nikhil Marwaha, Senior Executive Director, Vertex Ventures Southeast Asia & India said “Kazam's full-stack platform offers best-in-class solutions for OEMs, fleet operators and asset owners to effectively manage their EV charging infrastructure needs. With EV adoption in India expected to rise manifold, Kazam’s ‘charging in a box’ solution becomes extremely critical to debottleneck the creation of a reliable EV charging network. The Kazam team is extremely customer-oriented, and this is clearly visible through all our interactions with their customers.”
Adding to this, Swapna Gupta, Partner, Avaana Capital said “Kazam with its dogged focus on easing EV adoption has successfully built one of the largest global charging platforms for electric mobility in a very short period. Addressing range anxiety, Kazam has created a reliable energy management platform for OEMs, CPOs, Utilities, Fleet Operators, and Online Commerce, offering charging at their fingertips.”
The company currently fuels over 15 million EV kilometres per month, with 10 per cent of its contributions coming from international clients across the Global South.
In addition, Kazam has recently partnered with Google Maps to enhance EV charging infrastructure across India by integrating navigation features for EV charge points and providing detailed information about charger types, making EV charging even more accessible and convenient for users.
