Indian electric vehicle (EV) charging platform, Kazam, raised $3.6 million in Series A led by Avaana Climate Fund where Third Derivative and existing investors Inflection Point Ventures and We Founder Circle also participated.
Founded in 2021 by Akshay Shekhar and Vaibhav Tyagi, Kazam manages 150,000 kilowatt hour (kWh) of electricity per month and has over 7,000 charging points under management. The company’s aim is to integrate 60,000 charging and swapping stations with its operating system in the next 14-15 months.
Kazam’s vision is to build a scalable and intelligent EV charging platform for India and beyond, driving data-led intelligence to grid, fueling, and fleet operations. Kazam’s solution aims to make EV charging seamless and smart, with an emphasis on providing a better experience for the end-user.
The platform offers features such as dynamic pricing based on real-time data and the ability to book a charging slot in advance. Kazam’s technology also allows fleet operators to manage their charging requirements and monitor their EV fleets more effectively.
With the Indian government’s push for EV adoption and the rise of electric vehicles in the country, Kazam’s solution is well-timed to meet the growing demand for EV charging infrastructure. The company’s innovative approach to managing charging and swapping stations has the potential to make EV charging more accessible and user-friendly, helping to drive the adoption of EVs in India and beyond.
