Kazam which is a Bangalore-based start-up for EV charging has raised ₹30 crores in a funding round that was led by Avaana Climate. Kazam offers charging solutions for EVs (electric vehicles). In this round, We Founder Circle, Derivative, and Inflection Point Ventures also participated.
Kazam further offers software as well as hardware elements to charge EVs. It is planning to pay more attention to its software business by leveraging its funds. This will bring complete digitization in the value chain and would help manage energy and fleet.
Kazam was established in 2020 and currently has 7,000+ charging points and is planning to integrate 60,000+ swapping and charging stations in the coming 14-15 months. Apart from that, it is also planning to increase its market internationally in the U.S.
In India, Kazam has already enabled more than 60+ charge-point operators, which include two-wheeler OEMs, big e-commerce firms, as well as third-party firms managing logistics businesses.