Kazam, an EV charging and energy-management platform, has closed FY25 at ₹40 crore in revenue, registering 3.5x year-on-year growth. The company is on course to achieve a ₹100 crore annual run-rate by Q4 2025.
Founded in 2020 by Akshay Shekhar and Vaibhav Tyagi, Kazam is an EV charging and energy-management platform building India’s comprehensive digital EV energy layer. The company combines charger hardware, brand-agnostic orchestration software, and user-facing apps to deliver a single turnkey solution for home charging, fleet electrification, public charging networks, and grid-aware energy management.
Its device-agnostic orchestration platform connects chargers, vehicles, and the grid across homes, fleets, depots, and public networks, making energy flow simpler, smarter, and more reliable.
Kazam has now onboarded over 120,000 chargers and enabled more than 7 million charging sessions, representing a 76% surge in charger integrations and a 60% rise in energy sessions over just the last six months. The platform currently orchestrates over 9,000 MWh of energy transactions monthly, a 60% increase since June 2025, spanning 100+ charger brands and managing charging across homes, workplaces, residential societies, fleet depots, bus operations, and public CPO networks.
The company has evolved into a single turnkey platform for the EV hardware–software–energy management stack, offering partners and users a seamless, interoperable solution. Kazam today partners with 14+ OEMs, including the recently announced network integration with Maruti Suzuki, with industry leaders in quick commerce; ONGC, energy network across regional DISCOMs, 150+ RWAs in Delhi, Bengaluru, Hyderabad and Pune, 45 bus depots, and multiple e-bus and corporate fleet operators. Kazam’s competitive moat lies in its network depth, interoperability, and geographic reach.
Kazam’s platform combines consumer-first mobile apps for home charging with enterprise tools for fleets and energy operators, creating India’s first unified “digital energy layer.” The platform decouples the charging experience from hardware vendor lock-in, enabling full interoperability and intelligent, grid-aware energy management across all vehicle categories.
Beyond charging, Kazam is building India’s next-gen energy infrastructure layer, enabling demand response, peer-to-peer (P2P) energy sharing, and grid services that will define how India powers its electric mobility future.
The company has raised $19.2 million to date and is headquartered in Bengaluru. In June 2025, Kazam raised $6.2 million in a Series B funding round from the International Finance Corporation (IFC) and existing investors Vertex Ventures SEA & India and Avaana Capital Advisors.
The capital is being deployed toward R&D, deeper geographic expansion, and ecosystem partnerships, accelerating Kazam’s evolution to a full-stack EV energy management platform.
Akshay Shekhar, Co-Founder & CEO, Kazam, said, “India’s EV transition is entering a new phase, from just creating charging availability to building a reliable, intelligent, and interoperable energy layer that the entire industry can depend on. That is the market we have been building. Our growth this year reflects the trust that OEMs, fleets, DISCOMs, and CPOs are placing in a unified, device-agnostic platform that can scale across vehicle categories and geographies. As electrification accelerates, our focus is on enabling India’s EV ecosystem to move from fragmented experiences to a seamless, grid-aware infrastructure that can support millions of daily energy transactions.”
Ram Balasubramanian, CFO, Kazam, said, “India is moving from the ‘availability phase’ of EV infrastructure to the ‘reliability and optimization phase,’ and Kazam’s growth this year shows we’re creating industry standards along with profit benchmarks. With increasing platform throughput and sustained cost optimisation, we are on track to achieve a ₹100 crore annual run-rate and profitability by early 2026.”
