India’s electric vehicle (EV) charging infrastructure startup Kazam has reported a strong financial and operational performance for the fiscal year ended March 2025, closing FY25 with revenue of ₹40 crore and outlining plans to achieve a ₹100 crore annual run rate in the near term. Backed by the International Finance Corporation (IFC), the company is emerging as a key enabler of India’s rapidly expanding electric mobility ecosystem, with a focus on building scalable, interoperable, and software-driven EV charging networks.
Over the past few years, Kazam has steadily expanded its footprint across India, achieving major deployment milestones. According to industry reports, the company has now crossed 100,000 installed Electric Vehicle chargers nationwide, spanning nearly 4,000 postal codes. Its charging infrastructure supports a diverse mix of two-wheelers, three-wheelers, and four-wheelers, catering to both personal and commercial mobility use cases. This wide geographic and segmental reach has positioned Kazam as one of the more prominent players in India’s EV charging landscape.
The company’s FY25 revenue growth reflects not only an increase in charger deployments but also deeper engagement with strategic partners. Kazam has strengthened collaborations with EV original equipment manufacturers (OEMs), fleet operators, charge point operators, and energy service companies, enabling integrated charging solutions that combine hardware with intelligent software platforms. These partnerships have helped the company scale faster while addressing the evolving needs of India’s growing EV user base.
Beyond charging infrastructure, Kazam is increasingly focusing on technology-led services, including smart charging solutions, energy storage integration, and demand-response capabilities. These offerings are aimed at improving charger utilisation, optimising energy consumption, and supporting grid stability as EV adoption accelerates across the country. With continued backing from global investors such as IFC, the company is also exploring ways to align its solutions with broader energy transition and sustainability goals.
As India’s EV market continues to expand, charging infrastructure startups like Kazam are expected to play a foundational role in shaping the ecosystem. By combining large-scale charger deployment with software-centric energy management and grid optimisation solutions, Kazam is positioning itself to support the next phase of India’s electric mobility growth while working toward its ambitious revenue and expansion targets.
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