VC Fund Investments
S'ware platform for charge point operators Kazam raises $3.6 M led by Avaana Capital
Kazam, a Bengaluru-based electric mobility software platform for charge-point operators, fleet operators, and electricity grid management, has raised USD 3.6 million in an investment round led by Avaana Climate Fund. Other investors in the Series A round include Third Derivative and existing investors Inflection Point Ventures and We Founder Circle. With over 7,000 charging points under management, Kazam plans to integrate 60,000 charging and swapping stations with its operating system in the next 14-15 months. It also plans to expand to the US, where it currently has partnerships with two charge-point operators managing 3,000 vehicles. In India, it enables over 60 charge-point operators. Kazam was founded by Akshay Shekhar and Vaibhav Tyagi in 2021. Its business has grown to managing 150,000 kilowatt hour (kWh) of electricity per month. The company has international clients in the US, Europe, and the Asia-Pacific region. Its software is used by two-wheelers, commercial EV three-wheelers, and city buses for local transport.
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