Energy-tech startup Kazam, which is based out of Bengaluru, has raised $6.2M in a Series B funding round. The International Finance Corporation, a member of the World Bank, leads this round, with continued support from Vertex Ventures and Avaana Capital.
Founded in 2020 by Vaibhav Tyagi and Akshay Shekhar, Kazam offers an integrated network of over 50,000 EV charging points that can be easily set up across different platforms. It includes hardware-agnostic software that efficiently controls and monitors energy and payment flow at charging hubs or for EV fleets.
The latest infusion will fuel Kazam’s expansion across markets with its energy transition tools to accelerate adoption of sustainable mobility, the company said in a press release.
Kazam claims to have facilitated over 5 million charging sessions with 68,000 chargers already onboard.
This infusion marks Kazam’s second fundraise within just 9 months. Earlier, it raised $8M in august last year. It also reported a 4X revenue growth in FY25, reaching $6M from $1.5M.
