Team Startupcity

·  Kazam raises $6.2M Series B led by IFC, boosting total funding to $19.2M to expand its global EV infrastructure platform.

·   68,000+ charging points and 5M+ sessions powered, enabling 45 GWh energy delivery and avoiding 46,000 tons of carbon emissions.

·   Targeting $12M revenue in FY26, Kazam eyes profitability and international growth across 10 countries and 80+ cities.

Kazam, a software mobility technology startup that is committed to developing digital infrastructure for the EV ecosystem, raised $6.2 million in a Series B funding round. The Series B round was led by International Finance Corporation (IFC), with ongoing support from existing investors Vertex Ventures and Avaana Capital.

This fresh round of capital brings Kazam's overall funding to $19.2 million and will be utilized to take its energy transition platform global.

Founded in 2020 by Vaibhav Tyagi and Akshay Shekhar, Kazam is a key enabler of India's electric mobility revolution. Kazam has a device-agnostic platform that provides end-to-end software and hardware solutions specific to charging and battery-swapping operators, vehicle producers, fleet providers, and utilities effectively tackling the complexity of a fragmented EV infrastructure landscape.

With the IFC-facilitated funding, Kazam intends to expand its portfolio of interoperable energy management solutions and accelerate deployment in emerging economies. The company has already integrated more than 68,000 charging stations, enabled over 5 million charging sessions, and facilitated the delivery of 45 GWh of electricity preventing close to 46,000 tons of carbon emissions.

In fiscal year 2025, Kazam reported $6 million in revenue a fourfold increase from the previous year and is targeting $12 million in revenue for FY26. With EBITDA profitability on the horizon, Kazam is attracting partnerships with major industry players and fleet customers including BigBasket, Zypp, Mahindra, Bajaj, Ather, TVS, Hero MotoCorp, and Ultraviolette.

"EVs are important to drive India's economic growth and transition," said Wendy Werner, IFC Country Head for India and Maldives. "Kazam's strategy will enable scaling up of the EV ecosystem and increasing access to charging infrastructure, enabling clean transportation's broader adoption in the country."

Kazam is also a founding alliance member of the Unified Energy Interface (UEI) an open protocol supported by the government, designed along the lines of India's digital payments ecosystem. The UEI seeks to standardize energy transactions and enable effortless interoperability in EV charging and swapping batteries across vendors and geographies.

In May alone, Kazam's platform enabled 25 million electric kilometers in 80 cities and 10 countries. With new capital in its coffers, the startup plans to further deepen its technological advantage and become a top driver of decarbonizing transportation infrastructure in Asia and across the world.