Bengaluru-based electric mobility technology company Kazam has raised USD 6.2 million (approx. Rs 51.8 crore) in a funding round led by the International Finance Corporation (IFC), with continued participation from existing investors Vertex Ventures and Avaana Capital. The capital infusion will support Kazam’s plans to scale its digital EV infrastructure offerings across multiple markets and accelerate the global transition to sustainable transportation, according to Akshay Shekhar, Founder and CEO.

This latest round brings Kazam’s total funding to USD 19.2 million (approx. Rs 160.5 crore), which includes USD 13 million in equity raised in earlier rounds led by Avaana Capital, Vertex Ventures, and Chakra Ventures. “Kazam is building the digital infrastructure for EVs at scale, a critical piece in the global shift to clean mobility,” the CEO said. In FY25, the company achieved USD six million in revenue, a fourfold increase over FY24, and is targeting USD 12 million in this financial year.

Kazam has onboarded over 68,000 chargers, facilitated more than five million charging sessions, and powered over 45 GWh of energy, helping avoid 46,000 tonne of CO2 emissions. Its platform enabled 25 million electric km across 80 cities and ten countries in May alone.