Avaana Climate Fund leads $3.6 Mn round in EV startup Kazam

Electric mobility software platform Kazam has picked up  an investment of $3.6 million in a round led by Avaana Climate Fund.

The company plans to utilise the raised funds to extend offerings of the platform to its existing customers by investing in technology and product teams, Kazam said in a press release.

Co-founded by Akshay Shekhar and Vaibhav Tyagi, Kazam is a device agnostic e-mobility software platform that enables EV charging and swapping operators in India and beyond with its e-mobility enterprise software that helps operators control, manage and analyse their fueling assets. With the new expansion of the platform, operators can generate revenue demand via Kazam’s collaboration with multiple tier-1 EV OEMs.

According to Kazam, it has been building its flagship EV fueling platform and now aims to build a one-stop e-mobility software platform - digitising the entire value chain from managing energy from grid to fueling an EV to managing a fleet.

Kazam’s software to manage fueling for EVs are used by a range of vehicles including 2W, CEV 3W, city buses for local transport and more. Kazam claims that it has 7,000 charging points under management and has an immediate plan to integrate 60,000 charging and swapping stations with its operating system in the next 14-15 months. It also plans to expand further in the international markets like the USA where it currently has partnerships with two charge point operators managing 3,000 vehicles.

In India, Kazam enables over 60 charge point operators inclusive of large e-commerce companies, 2W OEMs and third-party logistics companies.