Kazam

Overview

Kazam is an electric vehicle (EV) charging infrastructure startup based in Bengaluru, India. Founded in 2020 by Akshay Shekhar and Vaibhav Tyagi, Kazam focuses on developing smart, affordable, and scalable EV charging networks. As of June 2025, Kazam has raised a total of $14.3 million over multiple funding rounds, with key investors including Vertex Ventures, Avaana Capital, and Chakra Growth Capital.

Recent Developments

June 2025: Kazam raised $6 million in a Series B funding round led by Vertex Ventures, with additional investments from Avaana Capital and Chakra Growth Capital. The funds are earmarked for expansion and enhancing technology offerings.
March 2025: Recognized as one of the world’s most innovative energy startups, Kazam was listed in the prestigious SET100 List 2025 and became a finalist for the SET Award 2025.
January 2025: At the Bharat Mobility Expo, Kazam launched the LEVDC Fast Charger and an Energy Management System, reflecting its commitment to transforming India's EV infrastructure.
Late 2024: Kazam expanded its operations internationally, with strategic partnerships in Southeast Asia, including a collaboration with QuickCharge in Malaysia.
August 2024: Raised an $8 million Series A3 funding round led by Vertex Ventures Southeast Asia and India, focusing on expanding its product and technology teams.
April 2023: Partnered with Yuma Energy to integrate battery-swapping units across its EV charging hubs in India, enhancing the convenience for commercial EV drivers by reducing downtime.

Attribute	Information
Founding Date	2020
Headquarters	Bengaluru, India
Founders	Akshay Shekhar, Vaibhav Tyagi
Revenue	₹13.1 crore as of FY 2023-24
Profits	-₹10.23 crore as of FY 2023-24
Key Investors	Vertex Ventures, Avaana Capital
Industry	EV Charging Infrastructure
Number of Employees	226 as of March 2025

Early History

Kazam was founded in 2020 amidst the growing need for accessible and affordable electric vehicle charging infrastructure in India. Co-founders Akshay Shekhar and Vaibhav Tyagi leveraged their experiences in the energy and tech sectors to establish Kazam as a key player in the nascent EV market. Their vision was to create a comprehensive platform combining hardware and software solutions for EV charging systems. Initial funding was sought and obtained through various rounds, enabling Kazam to build its foundational infrastructure and expand operations rapidly.

Company Profile and Achievements

Kazam has positioned itself as a pivotal player in India's push towards sustainable energy solutions. Its business model integrates both hardware and software, offering diverse solutions such as:

Charging Stations: Kazam's network includes a mix of fast and slow chargers designed for various vehicle types, including two-wheelers, three-wheelers, and commercial vehicles.
Software Solutions: Their charging management software (CMS) and Energy Management System (EMS) allow operators to optimize and manage energy use efficiently.
Strategic Partnerships: By collaborating with automotive giants like TVS, Hero MotoCorp, and Mahindra, Kazam aims to broaden its impact and accessibility.

Key achievements include the successful deployment of over 68,000 charging points and reducing approximately 46,000 tonnes of CO₂ emissions.

Current Operations and Market Position

Currently, Kazam operates over a vast network of chargers across India and has expanded into Southeast Asia. The company continues to innovate and improve its products and services, positioning itself as a leader in the EV infrastructure sector. With a robust full-stack platform combining hardware with deep software capabilities, Kazam maintains a competitive edge. The company is committed to further expansion, both geographically and in terms of its technological offerings, to uphold India's EV ecosystem.

Kazam Ev Tech Pvt Ltd Reviews

Kazam has received generally positive feedback from industry stakeholders, often highlighted for its innovative solutions and responsive customer service. Strategic partners and clients have commended the company for its technological integration and commitment to sustainable mobility. However, like any growing startup, it faces challenges related to scalability and infrastructure development.

Kazam Founder

Akshay Shekhar and Vaibhav Tyagi are the co-founders of Kazam. Both bring substantial experience from the tech and energy industries, driving the company's vision to advance India's electric mobility sector. Their leadership has been instrumental in securing key investments and partnerships, facilitating Kazam's rapid growth and market presence.

Conclusion

Kazam has emerged as a crucial player in India's shift towards electric mobility. By offering comprehensive solutions that bridge the gap between EV hardware and management software, the company enhances the accessibility and reliability of EV infrastructure. Looking forward, Kazam aims to expand its global footprint while continuing to innovate in the EV market, potentially setting industry standards for sustainable transportation solutions.