Kazam, an Indian electric mobility software platform for charge-point operators and electricity grid management platform, has secured $3.6 million in a Series A funding round, led by Avaana Climate Fund with participation from Avaana Climate Fund, Third Derivative, Inflection Point Ventures, and We Founder Circle.
This recent round follows a recent ₹500K seed round in March led by Dell Technologies. To date, the startup has raised a total of $4.6 million in funding, according to Crunchbase.
The startup plans to leverage the new funding to enhance its platform’s offerings to existing customers, by investing in technology and product teams and also intends to double its workforce.
Headquartered in Bengaluru, Kazam was co-founded by Akshay Shekhar and Vaibhav Tyagi in 2021. It is an electric mobility software platform designed to assist charge-point operators, fleet operators, and electricity grid management.
It currently manages more than 7,000 charging points and plans to integrate an additional 60,000 charging and swapping stations into its operating system over the next 14-15 months. Since its launch, its operation has expanded to include the monthly management of 150,000-kilowatt hours (kWh) of power for its customers.
Already with an established international presence with clients in Europe, the Americas and the Asia-Pacific region, the startup has revealed its intention to expand into new international markets, including the United States.