Kazam, a software platform for managing the electrical grid and electric mobility for charge-point owners, has raised around USD 3.6 mn in a recent investment round that was organised and supervised by Avaana Capital Fund. Participating in the round were Third Derivative, as well as current investors Inflection Point Ventures and We Founder Circle.
The platform stated in a statement that it currently manages over 7,000 charging stations and that it would integrate 60,000 charging and switching stations with its operating system over the course of the following 14 to 15 months, as per reported by BW Disrupt.
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The Bengaluru business also plans to expand to the US. Two US charge-point operators manage 3,000 automobiles for the startup.
It permits approximately 60 charge-point operators nationwide, including significant ecommerce enterprises, 2-wheeler OEMs, and third-party logistics companies. Shekhar and Vaibhav Tyagi founded Kazam in 2021. The company controls 150,000 kWh each month.
