E-mobility startup Kazam has recently secured a hefty $8 million in a Series A3 funding round led by Vertex Ventures Southeast Asia & India. With other key investors like Avaana Capital and Alteria Capital joining in, Kazam is geared up for some major market expansion and product innovation. In a recent interview, Kazam’s Co-Founder & CEO, Akshay Shekhar, shared, “Our focus with this funding is to amplify our presence in the market. We are proud collaborators with the biggest vehicle OEMs in the two and three-wheeler industry. Our aim is to expand our product range, like the newly launched fast chargers which can juice up vehicles in just 15-20 minutes. We are all set to double down on creating new cutting-edge products, along with enhancing market access.”
Kazam has already expanded their reach from 1,000 pin codes to an impressive 5,000, and now plans to grow even further to cover around 10,000 pin codes in India. In addition, they are eyeing international markets such as Sri Lanka, Nepal, and Eastern Africa through strategic OEM partnerships. Kazam’s latest innovation, the LEV-DC fast charger for two and three-wheelers, stands out for its ability to charge any brand of vehicle within minutes. The company currently has 30 fast LEV-DC chargers in operation and aims to install around 400 more charge points in the coming year.
In another exciting development, Fourth Partner Energy has secured a substantial $275 million from global investors to power up their renewable energy solutions platform. The goal is to achieve a portfolio of 3.5 gigawatt of renewable energy assets by 2026. Saif Dhorajiwala, Co-Founder of Fourth Partner Energy, emphasized the importance of this funding for their growth plans. “This investment will fuel our committed projects and meet the rising demand for renewable energy solutions among our clients,” Dhorajiwala mentioned.
Furthermore, Scimplify, a startup specializing in specialty chemical manufacturing, has bagged an impressive $9.5 million in a Series A funding round led by Omnivore. The company aims to boost its R&D capabilities and expand globally. With plans to invest in research infrastructure, scale up scientific and engineering teams, and establish a physical presence in new markets, Scimplify is set on a path of accelerated growth and profitability.
Keep an eye out for these innovative startups making waves in the market! #KazamInnovates #FourthPartnerEnergy #ScimplifyChemicals #MarketExpansion #ProductInnovation #RenewableEnergyRevolution #SustainableFuture #InvestingInInnovation
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