Kazam Raises $6 Mn in Series B Funding to Expand EV Charging Network

Electric mobility startup Kazam has secured Rs 51 Cr (~$6 Mn) in its Series B round led by Vertex Ventures, with participation from Avaana Capital and Chakra Growth Capital.

• Key Investments:
  • Vertex Ventures invested $4.9 Mn via its funds.
  • Avaana Capital contributed $1.01 Mn.
  • Chakra Growth Capital added $0.9 Mn.
• Post-Funding Stakeholding:
  • Vertex Ventures holds 22.88%.
  • Avaana Capital owns 17.02%.
  • Chakra Growth Capital retains 1.51%.

A regulatory filing confirmed Kazam’s issuance of 36,410 Series B shares at $165.06 per share.

Use of Funds:
The capital will fuel smart charging network expansion, growth initiatives, and corporate activities.

About Kazam:
Founded in 2020 by Akshay Shekhar & Vaibhav Tyagi, Kazam powers 25,000+ charging points for 2W/3W, commercial EVs, and e-buses.