When Indian EV infrastructure meets global sustainability mandates, you get the kind of scalable cleantech that’s reshaping transportation worldwide. Kazam’s IFC-backed Series B is exactly the validation we love seeing for India-first energy innovation!
What is the news?
- Kazam, the electric mobility technology startup building digital infrastructure for the EV ecosystem, has raised $6.2 million in Series B funding led by International Finance Corporation (IFC), with participation from existing investors Vertex Ventures and Avaana Capital, bringing total funding to $19.2 million.
- The Chennai-based startup recorded $6 million in revenue in fiscal 2025, a fourfold increase over the prior year, and is targeting $12 million for FY26.
Why is it interesting?
- With partnerships spanning BigBasket, Zypp, Mahindra, Bajaj, Ather, TVS, Hero MotoCorp, and Ultraviolette, this demonstrates how Indian-built energy infrastructure can standardize global EV operations.
- Over the month of May alone, the startup’s platform powered 25 million electric kilometers across 80 cities and ten countries. With this latest round of capital, Kazam plans to deepen its technology capabilities and play a more central role in decarbonizing transportation infrastructure across Asia and beyond.
- As a founding member of the Unified Energy Interface (UEI), a government-backed protocol modeled after India’s digital payments architecture, Kazam is positioned to do for energy transactions what UPI did for payments, creating a plug-and-play standard across vendors and geographies.
- 4x revenue growth with EBITDA positivity in sight, plus over 68,000 charging points onboarded and 46,000 tons of carbon emissions avoided.
Read more: Electric mobility technology startup Kazam raises $6.2 million in a Series B funding round