Indian EV firm raises $3.6m to expand e-mobility platform

Photo credit: Kazam

Kazam, an electric mobility software platform that works with charging point operators, fleet operators, and electricity grids, has raised US$3.6 million in a funding round led by Avaana Climate Fund.

Funding details

• Funding amount: $3,600,000
• Lead investors: Avaana Climate Fund
• Stage: Series A
• Source

The company’s goal is to create a comprehensive e-mobility platform that manages the entire EV process, from grid energy management to EV fueling and fleet management.

It plans to integrate its operating system with 60,000 charging and swapping stations within the next 14 months to 15 months and expand its presence in international markets such as the US.

Kazam aims to establish an identity for its fueling operators by providing a white-label software suite that manages the entire energy flow – from the grid to the vehicle and its consumption.

The company said its business has expanded, now managing 150,000 kWh of electricity per month, with 10% of its business coming from international clients in the US, Europe, and Asia Pacific.

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