Kazam was an Indian startup building electric vehicle charging stations and software to manage them. The company raised funding fromangel investors and was part of India's push toward electric mobility. Kazam built a network of charging points in Bangalore and other cities, along with a mobile app for locating and paying for charging.
Company Data
- Founded: ~2018 — India
- Failed: ~2021
India's EV transition has been slower than expected. Electric two-wheelers and three-wheelers have grown, but the charging infrastructure business requires massive upfront capital with a very long payback period. Regulatory uncertainty around charging standards made planning difficult. Kazam couldn't raise the growth capital needed to survive the slow ramp-up period.
Key Lesson
Infrastructure businesses with long payback periods need patient capital. EV charging in emerging markets requires government support and clear regulatory frameworks—not just venture funding.