Kazam, an EV Software-as-a-Service (SaaS) Provider, Raises $3.6 Million in Funding Led by Avaana Climate Fund
Summary
The electric mobility software platform is designed to assist charge-point operators, fleet operators, and electricity grid management.Kazam has successfully closed its Series A funding round, raising $3.6 million from various investors including Avaana Climate Fund, Third Derivative, Inflection Point Ventures, and We Founder Circle. The startup plans to leverage the $3.6 million funding to enhance its platforms offerings to existing customers, by investing in technology and product teams. According to Kazams CEO and founder, Akshay Shekhar, the funds will also enable the company to retain its leadership position in the e-mobility software segment. Avaana Climate Funds Partner, Swapna Gupta, commented that Kazams hardware-agnostic capabilities ideally position the startup to leverage the growing demand for EVs in India and worldwide. Gupta also expressed confidence that Kazams data-driven approach to grid, fuelling, and fleet operations would allow it to democratize access to EV, making it a key player in the industry.Avaana Capital is responsible for managing the Avaana Climate and Sustainability Fund, which is a venture capital fund aimed at supporting climate mitigation, adaptation, and resilience initiatives in various areas such as energy transition and resource management, mobility and supply chains, and sustainable agriculture and food systems.
Funding
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