<ul><li>Electric mobility startup Kazam is set to raise $6 Mn (around INR 51 Cr) in a fresh funding round led by existing investor Vertex Ventures, with participation from Avaana Capital and Chakra Growth Capital.</li><li>The funding round will involve issuing 36,410 Series B compulsory convertible preference shares at an issue price of $165.06 each, with Vertex Ventures leading the investment of $4.9 Mn, followed by contributions from Avaana Capital and Chakra Growth Capital.</li><li>The fresh capital will support Kazam's growth and expansion plans, with key investors holding stakes in the company post the funding round: Vertex Ventures and IFC VVSEA Co-Invest (22.88%), Avaana Capital (17.02%), and Chakra Growth Capital (1.51%).</li><li>Kazam, founded in 2020, operates an EV charging software platform offering hardware and software solutions. The startup aims to support various electric vehicles and has achieved significant milestones in charger installations, charging sessions, and carbon emissions reduction.</li></ul>

Electric Mobility Startup Kazam To Raise $6 Mn

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