What revenue target has Kazam set for FY26?

Kazam is targeting a revenue of approximately Rs 85 crore in FY26.

How has Kazam's revenue grown in recent years?

Kazam reported Rs 40 crore in FY25, which was 3.5X higher than FY24, and aims to double this by FY26.

What segments is Kazam expanding into besides electric three-wheelers?

Kazam is expanding into electric two-wheelers and the electric bus segment, while also contributing to the India Energy Stack initiative.

Home / Business and Economy / Kazam Eyes 2X Revenue Leap to Rs 85 Cr by FY26

Kazam Eyes 2X Revenue Leap to Rs 85 Cr by FY26

13 Jan

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Summary

Kazam targets Rs 85 crore revenue in FY26, doubling FY25 figures.
Electric three-wheeler market dominance fuels company growth.
Expansion into Tier II/III cities and E2W segment planned.

Kazam Eyes 2X Revenue Leap to Rs 85 Cr by FY26

Electric vehicle charging startup Kazam is poised for substantial growth, targeting approximately Rs 85 crore in revenue for FY26. This figure represents a doubling of its FY25 revenue, which stood at Rs 40 crore. The company's expansion into Tier II and Tier III cities is a key strategy, aiming to electrify last-mile connectivity across numerous PIN codes. Kazam currently manages around 120,000 to 130,000 charge points and plans to add between 150,000 to 270,000 more this year.

Kazam's dominance in the electric three-wheeler (E3W) category, which accounts for 70% of its revenue, is a major driver of its success. Favorable government policies and partnerships with major players like Mahindra, TVS, and Piaggio have bolstered its market share. The company also provides hardware and software services, including smart chargers and monitoring solutions for charge point operators and fleets. Its expansion into the electric bus segment is underway, though significant revenue from this area is not expected until FY26.