While India runs to a cleaner and more sustainable future, electric vehicles (EVs) are no longer a distant dream – they become a national necessity. Yet one of the largest roadblocks for the adoption of massive EV remains invisible: the lack of robust, scalable and interoperable digital infrastructure to provide the energy that drives them with power, to monitor and optimize it.
Entered Kazam, an energy-set platform established on Bengaluru that has quietly emerged as a crucial enabler in the EV ecosystem of India. Kazam, founded in 2020 by Akshay Shekhar and Vaibhav Tyagi, dissolves the backend complexity of EV that a smart, device-agent software layer connects-alles connecting chargers and fleets to battery exchange networks and energy companies.
And now the startup is ready to scale that mission even further.
$ 6.2 mn series B boost from Global Backers
In an important milestone for the Indian EV landscape, Kazam collected $ 6.2 million in series B financing, led by the International Finance Corporation (IFC), a member of the World Bank Group. The round also saw continuous participation of the early believers of Kazam – Altex Ventures Southeast – Asia and India and Avaana Capital.
The financing was reported for the first time by Intrackkr and officially confirmed by the company in a recent press release.
This newest infusion brings the total capital of Kazam to $ 19.2 million, of which $ 13 million has been collected in earlier rounds. Early backers also include chakra ventures, with a consistent voice of trust from the venture system.
Build the operating system for the EV infrastructure of India
While flashy EV brands get newspapers, Kazam is focused on the less glamorous, but critically important infrastructure that keeps the EV -eco system in motion. Think of Kazam if building the “operating system” for EV -chargers and battery management – a uniting platform that connects various players in the mobility space.
In the core, the software platform of Kazam OEMs, loading point operators, fleet managers and utilities allows EV loading infrastructure to manage, monitor and analyze in real time. And it is not only for one brand or hardware-it is fully device-agent, which makes seamless integration over use cases possible.
From EV startups such as ZYPP and Ultraviolet to caranals such as Mahindra, Hero Motocorp and Bajaj, Kazam feeds the digital backbone of the mobility transformation of India. Even e-doromkerijplatform BigBasket uses Kazam's tools to manage its EV-supply fleets.
Numbers that signal growth and trust
The impact of Kazam is not just theoretical. The startup claims that he has drilled more than 68,000 chargers throughout the country and has made more than 5 million loading sessions possible – a metric that places it under the front runners in EV Energy Tech.
The business model also seems to be shooting at all cylinders.
In FY24, Kazam clocked $ 1.5 million in income. In FY25, that number jumped 4x to $ 6 million – a stunning jump in just one year. What's more impressive? The startup now focuses on $ 12 million in income and looks at the EBITDA position within this tax year, a rare performance in the still setting EV sector.
What is the following? Worldwide capital, local expansion
With IFC that comes in, this round not only brings new capital – it brings worldwide validation. The involvement of the International Finance Corporation indicates a strong approval of Kazam's vision to lead the energy transition in emerging markets such as India.
In the coming months, Kazam is planning to use the financing to deepen its presence on the market, to expand its technological suite and scale partnerships with OEMs, fleet operators and players of energy distribution. The focus remains firm on building a scalable infrastructure that can adapt to the rapidly evolving EV -Routa card of India.
Why this is important for India's startup and climate goals
The EV sector in India is at a turning point. Although consumers' awareness is growing and the government is stimulating, the Backend Infrastructure-especially software-driven solutions are always overtaking. Players such as Kazam are uniquely positioned to bridge this gap by making a smarter, more connected EV -Ecosystem possible.
Moreover, this financing round comes at a time when sustainability -focused startups worldwide investors, not only for their impact, but also for their economic potential. Kazam is a clear case of how Indian startups combine climate tech innovation with commercial viability.
The rise of Kazam reflects a deeper shift in the Startup story of India-Van building consumer-oriented technology to building critical infrastructure for national goals such as clean mobility.
While India sets his sights on the goals of Net-Zero and prepares for a Future from Green Energy, startups such as Kazam do not only lay the digital basis. With its latest fundraising, Kazam is more than just charged – it flows ahead.