Total amount raised
$12.5 Millions
Latest funding date
8/1/2024
Location
Kazam has successfully raised significant funding over multiple rounds, establishing itself as a key player in the electric vehicle charging industry. The company offers a comprehensive suite of EV charging solutions and energy management services.
Keep reading to explore the intricacies of Kazam's fundraising journey and the investors backing this innovative platform.
What Is Kazam?
Kazam, founded in 2020, is headquartered in Bengaluru, India. The company specializes in providing electric vehicle charging solutions and energy management services.
Co-founded by Vaibhav Tyagi and Akshay Singhal, Kazam has quickly established itself as a key player in the EV industry. Their offerings include a range of charge points, a content management system, and an app for booking charging stations.
With a growing team, Kazam continues to innovate and expand its services to meet the increasing demand for sustainable energy solutions.
How Much Funding Has Kazam Raised?
- Seed Round
- Amount Raised: ₹70M
- Date: June 2021
- Lead Investors: Inflection Point Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and develop initial product offerings.
- Seed Round
- Amount Raised: ₹500K
- Date: March 2023
- Lead Investors: Dell Technologies
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance technology infrastructure.
- Non-Equity Assistance
- Amount Raised: -
- Date: April 2023
- Lead Investors: -
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To gain strategic support and resources without diluting equity.
- Series A
- Amount Raised: $3.6M
- Date: May 2023
- Lead Investors: Avaana Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand market reach.
- Non-Equity Assistance
- Amount Raised: -
- Date: June 2023
- Lead Investors: PETRONAS FutureTech
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To leverage industry expertise and resources for growth.
- Series A
- Amount Raised: $8M
- 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, improve platform services, and broaden market reach.
Total Amount Raised: $11.6M
Current Valuation: Not publicly disclosed
Key Investors
- Vertex Ventures Southeast Asia & India
- Details: Vertex Ventures Southeast Asia & India is a venture capital firm that invests in high-growth technology companies in Southeast Asia and India. They provide strategic guidance and support to their portfolio companies.
- Investment Focus Areas: Technology, innovation, scalable solutions.
- Notable Investments: Grab, Patsnap, FirstCry.
- Avaana Capital
- Details: Avaana Capital is an investment firm focused on sustainability and impact investments. They aim to address critical issues like climate change and resource efficiency through their investments.
- Investment Focus Areas: Sustainability, climate action, resource efficiency, social impact.
- Notable Investments: Ecolife, Intello Labs, FarMart.
- Alteria Capital
- Details: Alteria Capital is a venture debt fund that provides financing to high-growth startups in India. They focus on supporting companies with strong growth potential.
- Investment Focus Areas: Venture debt, technology, healthcare, consumer services.
- Notable Investments: Dunzo, Lendingkart, ZestMoney.
- Inflection Point Ventures
- Details: Inflection Point Ventures is an angel investment platform that connects startups with investors. They focus on early-stage investments and provide mentorship and strategic support.
- Investment Focus Areas: Early-stage startups, technology, consumer services.
- Notable Investments: BharatPe, OYO, Milkbasket.
- Dell Technologies
- Details: Dell Technologies is a multinational technology company that provides products and services in computing, networking, and storage. They also invest in innovative startups through their venture arm.
- Investment Focus Areas: Technology, computing, networking, storage.
- Notable Investments: Nutanix, DocuSign, MongoDB.
What's Next for Kazam?
As Kazam continues to grow, the opportunities ahead are vast. The company is poised to strengthen its technology and product teams, improve platform services, and broaden its market reach. With partnerships like the one with Google Maps, Kazam aims to enhance EV charging infrastructure, supporting over 15 million EV kilometers each month.
Future fundraising seems promising given Kazam's rapid growth and recent $8 million Series A3 funding. This momentum could attract further investments to scale operations and technology. However, challenges such as scaling operations, maintaining a competitive edge, and addressing range anxiety remain. Navigating these hurdles will be crucial for Kazam's sustained success in the evolving e-mobility sector.
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