E-mobility startup Kazam raised $8 million in Series A3 funding backed by Vertex Ventures Southeast Asia and India.
Important investors including Avaana Capital and Alteria Capital participated in the round.
According to a press release from Kazam, the additional funding will be utilised to strengthen its platform services, grow its market presence, and support its technological and product teams.
Kazam, an EV charging software platform, was co-founded in 2020 by Vaibhav Tyagi and Akshay Shekhar.
It creates intelligent and reasonably priced EV charging networks. With its software and hardware solutions, the platform eliminates the headaches associated with EV infrastructure and is intended for use by fleet operators, charging station operators, and electrical grids.
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The startup’s goal is to digitise every step of the e-mobility value chain, including fleet operations, EV fuelling, and grid energy management.
The Bengaluru-based startup states that its software supports over 25,000 charging stations and allows a wide variety of vehicles, such as city buses, two-wheelers, and three-wheelers powered by commercial electric vehicles (CEVs).
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It just introduced LEV-DC, a quick charge option that can reach 80% of an electric scooter’s battery life in 20 minutes for electric two- and three-wheelers.
In the past 12 months, Kazam has collaborated with BigBasket, Zypp, Mahindra Logistics, and other third-party logistics to integrate over 25,500 EV charging units and facilitate one million transactions.
The company further stated that TVS, Hero MotoCorp, Bajaj, Ather, Mahindra, and Ultraviolette are just a few of the well-known OEMs it works with.
About Kazam
Kazam,ecosystem is being established in the field of electric vehicles (EVs). Super App (Fuelling Marketplace of EVs) for all of a driver’s charging needs Organisations may handle any charging hardware to control, evaluate, analyse, and manage fleets of cars using agnostic ERP software.
