Kazam Secures $6.2 Million in Series B Funding
Deal News | Jun 23, 2025 | Vertex Venture Management Pte
Kazam, an India-based EV energy-tech company, has successfully raised $6.2 million in its Series B funding round from the International Finance Corporation (IFC) and existing investors Vertex Ventures SEA & India and Avaana Capital Advisors. The funding aims to accelerate Kazam's expansion across new markets and enhance the adoption of sustainable mobility solutions. As part of its mission to build scalable digital infrastructure for electric vehicles (EVs), Kazam is pivotal in supporting the global transition towards clean mobility. The new investment brings Kazam's total capital raised to $19.2 million. With support from IFC, Kazam plans to improve the electric mobility ecosystem, expand charging infrastructure, and reinforce clean transportation across India and beyond. Forthcoming financial goals include growing revenue to $12 million in the fiscal year 2025 and achieving EBITDA positivity. Kazam has already deployed over 68,000 chargers, supporting more than 5 million charging sessions and facilitating 45 GWh of energy, significantly contributing to CO2 reductions.
Sectors
- Electric Vehicles (EVs)
- Venture Capital
- Renewable Energy
Geography
- India – Kazam is an India-based company with significant operations and impact in the Indian EV market, supporting the country's energy transition goals.
- Global – Kazam's expansion plans and its operations across 10 countries underline its global impact and ambition in the EV infrastructure sector.
Industry
- Electric Vehicles (EVs) – The article discusses Kazam's role in the electric vehicle sector, focusing on building infrastructure for EVs to support the global transition to clean mobility.
- Venture Capital – The article highlights the Series B funding round led by venture capital entities including Vertex Ventures and Avaana Capital, focusing on investment in sustainable technology solutions.
- Renewable Energy – Kazam is involved in the transition to clean, renewable energy through EV infrastructure development, contributing to reduced carbon emissions.
Financials
- $6.2 million – The amount raised by Kazam in its Series B funding round.
- $19.2 million – The total capital raised by Kazam, including current and past financing rounds.
- $12 million – Kazam's targeted revenue for the fiscal year 2025.
- 68,000 – The number of chargers Kazam has onboarded.
- 45 GWh – The amount of energy facilitated by Kazam.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kazam | Target Company | Company | An EV energy-tech company focused on building digital infrastructure for electric vehicles at scale. |
| International Finance Corporation (IFC) | Investor | Company | A member of the World Bank Group, IFC provides investment and advisory services to support private sector development in developing countries. |
| Vertex Ventures SEA & India | Investor | Company | A venture capital firm investing in high-growth technology companies across Southeast Asia and India. |
| Avaana Capital Advisors | Investor | Company | A venture capital firm focusing on investments in growth-stage technology companies, primarily in India. |