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Kazam raises $3.6 million to expand e-mobility software platform for EV charging and swapping

Electric mobility software platform Kazam has secured a $3.6 million investment in a round led by Avaana Climate Fund. Kazam plans to use the funds to extend its platform’s offerings to its existing customers by investing in technology and product teams. Co-founded by Akshay Shekhar and Vaibhav Tyagi, Kazam is an e-mobility software platform that enables EV charging and swapping operators in India and beyond. Kazam’s e-mobility enterprise software helps operators control, manage, and analyze 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 – digitizing the entire value chain from managing energy from the 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 to have 7,000 charging points under management and plans to integrate 60,000 charging and swapping stations with its operating system in the next 14-15 months. Kazam also plans to expand further into 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, including large e-commerce companies, 2W OEMs, and third-party logistics companies. With this investment, Kazam is set to expand its reach and enhance its offerings, driving the adoption of EV charging and swapping solutions in India and beyond.

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