Electric vehicle (EV) charging software platform Kazam has raised $6.2 million in a Series B funding round from the International Finance Corporation (IFC) and existing investors Vertex Ventures SEA and India and Avaana Capital Advisors.

The newly raised funds will be used to support the company’s expansion across markets with its energy transition tools.

The latest round of funding has increased Kazam’s total capital raised to $19.2 million. This funding includes $13 million in equity from past rounds led by Avaana Capital Advisors, Vertex Ventures SEA and India, and Chakra Ventures.

Kazam offers device-agnostic solutions to charging and battery-swapping operators, fleet operators, and electricity grid companies.

The company said it has onboarded over 68,000 chargers, enabled more than 5 million charging sessions, and facilitated 45 GWh of energy. Kazam claims its platform powered 25 million electric kilometers across 80 cities and 10 countries last month.

EV adoption has been seeing an uptick in the country, with sales reaching 514,198 units in the first quarter (Q1) of 2025, an over 3% year-over-year increase from 499,930 units. India now has over 5.91 million registered EVs.

These vehicles account for 8% of overall automobile sales, which totaled 6,371,476 units in Q1 2025, according to data released by the Ministry of Road Transport and Highways through its Vahan Dashboard.

In March this year, the Ministry of Heavy Industries Importing battery modules, PMP components, and other EV components in complete knockdown form from a single supplier has also been prohibited.

The PM E-DRIVE Program, with a total outlay of ₹109 billion (~$1.29 billion), focuses on providing demand incentives, deploying EVs, and developing charging infrastructure to support wider EV adoption.