Kazam Defies Global EV Slowdown, Nears ₹100-Cr Run Rate Driven by Tier-3 Cities

• Kazam, an Indian EV charging and energy management platform, is nearing a ₹100-crore annual revenue run rate, defying the global EV slowdown.
• The company achieved ₹40 crore revenue in FY25, marking 3.5x year-on-year growth, primarily fueled by rapid three-wheeler electrification.
• Growth is significantly driven by tier-2 and tier-3 cities like Siliguri, Cooch Behar, Bareilly, and parts of Bihar and Uttar Pradesh, where direct EV adoption is high.
• Kazam is evolving beyond charging infrastructure to energy-tech, building a "unified energy gateway" and piloting peer-to-peer energy trading in Delhi and Lucknow.
• Co-Founder and CEO Akshay Shekhar emphasizes a profitability-first approach, with future capital raises focused on new ventures like international expansion.

Why It Matters: India's Kazam thrives in EV sector, driven by three-wheelers and tier-3 cities, pivoting to energy-tech.