How Much Did Kazam Raise? Funding & Key Investors

Kazam has successfully raised funding over six rounds, with the latest being a Series B round involving four investors, including the International Finance Corporation. The company is backed by a total of 13 investors, with notable names such as Vertex Ventures and Chakra Growth Fund.

Keep reading to explore the intricacies of Kazam's fundraising journey and the investors backing this innovative platform.

What Is Kazam?

Kazam is a startup that provides IoT-enabled charging software and hardware for electric vehicles. Founded in Mumbai, Maharashtra, India, the company operates in the automotive, electric vehicle, and Internet of Things industries. Kazam has an employee count ranging from 101 to 250.

Additionally, Kazam is a global technology enabler for e-mobility and energy management. The company offers a range of products and solutions, including EV charge points, a comprehensive charge management system (CMS), a mobile app for discovering and booking chargers, roaming solutions, EV leasing management, and a battery swapping management system (BSMS). Kazam is also based in Bengaluru, India, and serves a global market.

How Much Funding Has Kazam Raised?

1. Series B
   • Amount Raised: USD 6,200,000
   • Date: June 2025
   • Lead Investors: International Finance Corporation
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand market reach and enhance technology offerings.
2. Series A
   • Amount Raised: USD 8,000,000
   • Date: August 2024
   • Lead Investors: Vertex Ventures Southeast Asia & India
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To strengthen technology and product teams, and broaden market reach.
3. Non-Equity Assistance
   • Date: June 2023
   • Lead Investors: PETRONAS FutureTech
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To gain strategic partnerships and non-monetary support.
4. Series A
   • Amount Raised: USD 3,600,000
   • Date: May 2023
   • Lead Investors: Avaana Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate growth and innovation in the e-mobility sector.
5. Seed
   • Amount Raised: INR 500,000
   • Date: March 2023
   • Lead Investors: Dell Technologies
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop initial product offerings and market entry.
6. Seed
   • Amount Raised: INR 70,000,000
   • Date: June 2021
   • Lead Investors: Inflection Point Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To build foundational technology and infrastructure.

Total Amount Raised: USD 18,300,000

Current Valuation: Not publicly disclosed

Key Investors

• Vertex Ventures Southeast Asia & India
  • Details: Vertex Ventures Southeast Asia & India is a venture capital firm that focuses on early-stage investments in technology and innovation-driven companies. They led Kazam's Series A3 funding round.
  • Investment Focus Areas: Technology, innovation, early-stage startups.
  • Notable Investments: Kazam, Grab, Patsnap.
• International Finance Corporation
  • Details: International Finance Corporation (IFC) is a member of the World Bank Group and focuses on private sector development in developing countries. They participated in Kazam's Series B funding round.
  • Investment Focus Areas: Infrastructure, manufacturing, agribusiness.
  • Notable Investments: Kazam, Byju's, Flipkart.
• Avaana Capital
  • Details: Avaana Capital is a venture capital firm that invests in sustainable and scalable businesses. They participated in Kazam's Series A3 funding round.
  • Investment Focus Areas: Clean energy, e-mobility, technology.
  • Notable Investments: Kazam, Ecolibrium Energy, Intello Labs.
• Inflection Point Ventures
  • Details: Inflection Point Ventures is an angel investment platform that supports early-stage startups. They participated in Kazam's seed funding round.
  • Investment Focus Areas: Technology, consumer products, healthcare.
  • Notable Investments: Kazam, BharatPe, Milkbasket.
• Dell Technologies
  • Details: Dell Technologies is a multinational technology company that provides products and services in the IT sector. They participated in Kazam's seed funding round.
  • Investment Focus Areas: IT infrastructure, cloud computing, data storage.
  • Notable Investments: Kazam, Nutanix, SecureWorks.

What's Next for Kazam?

As Kazam continues to expand its technology and product teams, the company is poised to capitalize on the growing demand for reliable EV charging infrastructure. With partnerships like the one with Google Maps, Kazam aims to enhance its platform services and broaden its market reach, supporting over 15 million EV kilometers each month. This significant opportunity positions Kazam to attract further investment, potentially leading to future fundraising rounds that will fuel its growth and innovation in the e-mobility sector.

However, the path forward is not without challenges. Kazam must manage rapid growth and scale its operations efficiently while ensuring the reliability and accessibility of its EV charging solutions. Competition from other players in the e-mobility space and regulatory hurdles in different markets could also pose obstacles. Despite these challenges, Kazam's strategic partnerships and technological advancements provide a solid foundation for continued success and expansion.

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