E-mobility startup Kazam bags $8M in Series A3 funding
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Bengaluru-based e-mobility startup Kazam has secured $8 million in Series A3 funding, led by Vertex Ventures Southeast Asia and India, with participation from Avaana Capital and Alteria Capital.
The company intends to utilize the funds to scale its technology and product teams, strengthen its market presence, and enhance its offerings. Kazam is focused on addressing range anxiety in electric vehicles (EVs) through its software and hardware solutions, which support charge point operators, fleet operators, and electricity grids.
The e-mobility startup has experienced significant growth, with a 10x increase in monthly transactions and EV kilometers fueled in the past year. Kazam has forged partnerships with Bigbasket and Zypp ,integrated over 25,500 EV charging devices, and collaborated with Google Maps to provide navigation features for EV charge points. Co-founded by Akshay Shekhar and Vaibhav Tyagi in 2020, Kazam has established itself as a leading global charging platform for electric mobility, aiming to ease EV adoption and offer charging solutions at the fingertips of various stakeholders.