Kazam Raises $6.2 Million to Scale Global EV Charging Network | IFC Leads Round

Kazam Secures $6.2 Million in Series B to Power Global EV Charging Infrastructure

Bengaluru-based EV tech platform Kazam has raised $6.2 million (Rs 51 crore) in its Series B round, led by International Finance Corporation (IFC) along with Vertex Ventures Southeast Asia & India, Avaana Capital, and Chakra Growth Capital. This fresh capital injection pushes Kazam’s total funding to $19.2 million, significantly bolstering its global EV infrastructure expansion efforts.

Key Highlights from Kazam’s Growth Journey

• Total Funding: $19.2 million
• Total Chargers Onboarded: 68,000+
• Charging Sessions Enabled: 5 million+
• Clean Energy Delivered: 45 GWh
• CO₂ Avoided: Over 46,000 tons
•  Global Reach: Active in 80 cities across 10 countries
•  FY25 Revenue: $6 million (4x FY24), targeting $12M this year
•  Clients: BigBasket, Zypp, Ather, Hero, Mahindra, Ultraviolette, TVS, Bajaj

What Kazam Does: EV SaaS for the Real World

Founded in 2020 by Akshay Shekhar and Vaibhav Tyagi, Kazam provides device-agnostic EV charging software for:

• Charging station operators
• Battery swapping providers
• Electric 2W/3W/4W and fleet operators
• OEMs and energy companies

Kazam’s tech ecosystem supports everything from two-wheelers and e-rickshaws to city buses and CEVs, cementing its role in India’s rapidly growing EV infra-tech segment.

Shareholding Post Series B Round:

The company is now valued at $51 million post-money, signalling strong investor confidence in India’s clean tech SaaS space.

What’s Next for Kazam?

With the new funding, Kazam aims to:

• Scale its digital EV infrastructure across 100+ cities
• Enter new international markets, especially in Southeast Asia and the Middle East
• Expand partnerships with major OEMs and fleet companies
• Double its active charging points and clean energy output by FY26

This fundraise is a signal boost for India’s EV software and charging segment, aligning well with the government’s national electric mobility vision and growing demand for sustainable energy solutions.

Final Word

As India emerges as a global EV production and adoption leader, Kazam’s tech-first, partner-driven approach puts it in a unique position to digitally power the country’s clean energy transition. With solid backers and real traction, Kazam could be the next breakout name in global EV infrastructure.