How Much Did Kazam Raise? Funding & Key Investors

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 (IFC)
   • Participating Investors: Vertex Ventures Southeast Asia & India, Avaana Capital Advisors, Chakra Growth Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand market reach, scale EV charging and battery swapping infrastructure, and enhance technology offerings globally.
2. Series A3
   • Amount Raised: USD 8,000,000
   • Date: August 2024
   • Lead Investors: Vertex Ventures Southeast Asia & India
   • Participating Investors: Avaana Capital, Alteria Capital
   • 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 through the PETRONAS FutureTech accelerator programme.
4. Series A
   • Amount Raised: USD 3,600,000
   • Date: May 2023
   • Lead Investors: Avaana Capital (Avaana Climate Fund)
   • Participating Investors: Third Derivative, Inflection Point Ventures, We Founder Circle
   • 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 70,000,000 (approximately USD 850,000)
   • Date: June 2021
   • Lead Investors: Inflection Point Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To build foundational technology and infrastructure for EV charging services.

Total Amount Raised: USD 19,200,000 (as confirmed by Kazam and multiple sources following the June 2025 Series B close).

Current Valuation: Not publicly disclosed

Key Investors

• International Finance Corporation (IFC)
  • Details: IFC is the private sector arm of the World Bank Group, focusing on private sector development in emerging markets. IFC led Kazam's Series B funding round in June 2025.
  • Investment Focus Areas: Infrastructure, clean energy, sustainable mobility.
  • Notable Investments: Kazam, Byju's, Flipkart.
• 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 in August 2024 and co-invested in the Series B.
  • Investment Focus Areas: Technology, innovation, early-stage startups.
  • Notable Investments: Kazam, Grab, Patsnap.
• Avaana Capital
  • Details: Avaana Capital is a venture capital firm that invests in sustainable and scalable businesses through its Avaana Climate and Sustainability Fund. They led Kazam's Series A round in May 2023 and have continued as a follow-on investor through Series A3 and Series B.
  • 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 led Kazam's seed funding round in June 2021 and participated in the May 2023 Series A round.
  • Investment Focus Areas: Technology, consumer products, healthcare.
  • Notable Investments: Kazam, BharatPe, Milkbasket.
• Alteria Capital
  • Details: Alteria Capital is a venture debt firm providing growth capital to startups. They participated in Kazam's Series A3 funding round in August 2024.
  • Investment Focus Areas: Venture debt, growth-stage startups, technology.
  • Notable Investments: Kazam, and various Indian growth-stage startups.

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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