The ecosystem in the Indian electric vehicle market has now reached a milestone as Bengaluru-based Electromechanical startup Kazam announced its financial results had increased sharply in the 2025 fiscal year. Kazam reported a revenue of approximately $4.4 million. This result is a 3.5x impressive growth on a year-on-year basis compared to the last financial year, which underscores how EV infrastructure adoption is accelerating at a high rate in the subcontinent. With the demand for sustainable mobility solutions already on a rocket, the trends of Kazam show that the digital basis of charging is turning into one of the most important areas of the new green economy.
Revenue growth and engagement metrics
A huge increase in the physical and digital presence of the company is a close reflection of the revenue growth. Kazam currently operates over 120,000 chargers in India, which is an all-encompassing network that accommodates multiple charging setups such as residential, high-density workplace, and expansive outdoor systems.
Within the last six months alone, the startup has been experiencing a 76% increase in charger integrations, indicating that operators are seeking the platform as an integrated management solution. This growth has resulted in the completion of over 7 million charging transactions, which is a remarkable achievement that shows how more Indian drivers are increasingly adopting electric mobility as their mode of transportation in their daily lives.
The metrics of engagement also highlight the quality and growing usefulness of the platform. The number of energy sessions on the Kazam network has increased by 60%, and the platform now transacts more than 9,000 MWh of energy on a monthly basis. It is a particularly indicative metric since it shows not only an increase in the number of chargers installed, but also an increase in the utilization rates of the already existing infrastructure. Kazam has been able to minimise the friction that has traditionally surrounded finding and using EV chargers by being device-agnostic and so create a platform that allows many more vehicle owners and commercial fleet operators to use EV chargers on a more regular basis.
Strategic partnerships and leadership at Kazam
The success that Kazam has experienced has in part been due to its capacity to enter into strategic relationships with key players in the industry. The company now has over 14 original equipment manufacturers in its line, including the biggest carmaker in India, Maruti Suzuki. Such partnerships are essential since they enable the smooth integration between the vehicle and the charging station from the time the car has left the showroom floor.
In addition to consumer cars, Kazam has been involved with local electric power distribution companies, bus terminals, and commercial fleet operators. These partnerships guarantee that the infrastructure is not only extensive but also a part of the energy grid and logistics chains, which are commercial.
The global investment community has voted in favor of this collaborative approach. Kazam raised its Series B round in June 2025, which raised its cumulative capital raised to date to $19.2 million. The cap table of the company is characterized by a combination of high-profile investors, such as the International Finance Corporation and Vertex Ventures, who have supported the vision of the company, which consists of building an interoperable and accessible charging ecosystem. This new capital is being directed towards intense research and development, continued network growth, and the construction of deeper ecosystem alliances to sustain the competitive advantage of the startup in an already saturated market.
The core of operations at Kazam is a software-first solution to the challenges of a disjointed charging market. Kazam has been successful in addressing one of the greatest issues of charge point operators by offering a platform that can organize, track, and analyze charging equipment irrespective of the hardware manufacturer.
This full-stack functionality also enables businesses to establish their own networks without the expansion of in-house software development. The capability of the platform to support charging at home, workplace, and publicity through the same digital umbrella has made it a key tool for fleet managers who need real-time information on how much energy is used by their vehicles and their charging status.
Kazam management has set a high goal to achieve in the 2026 financial year. After the 3.5x increase in revenue experienced in FY25, the company is currently targeting the achievement of a revenue target of $12 million. It is even more important that it is expected that the company is expected to achieve EBITDA positivity within the next period. Making a profit on such a capital-heavy industry would be one of the largest validations of the business model, and it would show that the digital infrastructure layer of the EV industry is not only scalable but financially viable in the long term.
Conclusion
The performance of FY25 is the turning point of Kazam since the startup has shifted into a high-growth disruptor category to become an established leader in the Indian EV market. The company has created a robust framework by balancing high-speed infrastructure roll-out with high profit generation and OEM strategic collaboration, resulting in the leverage of the India energy shift.
As the country approaches its ambitious EV adoption goals, the unified and data-driven platforms such as Kazam will be the most dominant ones. Having $4.4 million in the bank in the last year and a more ambitious roadmap ahead, Kazam looks to be in a good position to drive the next step of the electric revolution in India, showing that the future of mobility, much like the cars themselves, is about the software running the plug rather than the cars themselves.
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